Catcha Investment Corp announced a private placement to issue an unsecured convertible promissory note pursuant to which the Company may borrow up to for the gross proceeds of $500,000 on March 29, 2024. The notes can be converted into warrants to purchase Class A Ordinary Shares, at a conversion price equal to $1.50 per warrant, with each warrant entitling the holder to purchase one Class A Ordinary Share at a price of $11.50 per share, subject to the same adjustments applicable to the private placement warrants. The working capital loan will not bear any interest, and will be repayable by the company to the sponsor.