Driven Deliveries, Inc. (OTCPK:DRVD) announced that it has entered into a private placement of a fixed convertible promissory note for gross proceeds of $750,000 on July 28, 2020. The transaction involves participation from Ambria Investors LP, a fund managed by Ambria Capital, LLC. The notes are issued at a discount of 5%. The notes have an annual interest rate of 8%. The note is convertible into shares of the company’s common stock at $.50 per share.