CFN Enterprises Inc. announced a private placement of promissory notes for gross proceeds of $5 million on July 1, 2023. The Notes have a 15 month term and are subject to mandatory equal repayments commencing on the fourth month following issuance, for an aggregate repayment of $7.5 million. The Notes are secured by the assets of company and guaranteed by the Company.

The transaction will include participation from returning lenders Isaac Shehebar 2008 AIJJ Grantor Retained Annuity Trust and individual investor Ezra A. Chehebar.