Aurora Technology Acquisition Corp. announced a private placement of an unsecured promissory note for the gross proceeds of $50,000 on November 17, 2023. The transaction included participation from returning lender, ATAC Sponsor LLC.

The note have a principal amount of $50,000. The note does not bear interest and matures (subject to the waiver against trust provisions) upon the earlier of (i) two days following the date on which the company?s initial business combination is consummated and (ii) the date of the liquidation of the company.