Chavant Capital Acquisition Corp. announced a private placement of an unsecured promissory note in the aggregate principal amount of up to $325,000 on November 30, 2023. The transaction included participation from returning lender Chavant Capital Partners LLC.

The Promissory Note bears interest at the rate of 10% per annum and is payable in full in cash upon the earlier of the consummation of the Proposed Transaction and one year from the date of issuance.