Blue Ocean Acquisition Corp. announced a private placement that it has issued an unsecured promissory note to the new investor, Blue Ocean Sponsor LLC of up to an aggregate gross proceeds of $1,500,000 on June 20, 2023. The Sponsor Note is subject to customary events of default, the occurrence of any of which automatically triggers the unpaid principal and interest balance of the Sponsor Note and all other sums payable with regard to the Sponsor Note becoming immediately due and payable.