CF Acquisition Corp. VII announced a private placement with the principal amount of $1,200,000 on March 14, 2024. The transaction included participation from returning lender, CFAC Holdings VII, LLC.

The company has issued promissory note in the transaction. Pursuant to the transaction, the sponsor agreed to loan to the company up to such amount in connection with the extension of the company?s time to consummate a business combination from March 20, 2024 to March 20, 2025.