Aurora Technology Acquisition Corp. announced a private placement to issue unsecured promissory note (?October Working Capital Note?) for the gross proceeds of $75,000 on October 24, 2023. The transaction included participation from returning lender, ATAC Sponsor LLC.

The note have a principal amount of $75,000. The October Working Capital 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. The October Working Capital Note was issued pursuant to an exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended (the ?Securities Act?).