CF Acquisition Corp. VII announced a private placement that it has issued a promissory note in the principal amount of up to $3,861,966.87 to CFAC Holdings VII, LLC on June 16, 2023. 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 June 20, 2023 to March 20, 2024.