Edoc Acquisition Corp. announced a private placement of a promissory note for gross proceeds of $202,459.83 on August 25, 2022. The transaction will include participation from returning investor, American Physicians LLC.

The note bears no interest and is repayable in full upon the earlier of the date of the consummation of the business combination, or the date of the liquidation of the company. The notes were issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933. The principal amount of the note may be drawn down in three equal amounts of $67,486.61 per withdrawal, on or before the August 22, 2022 and between the 12th and 19th of each of September and October, 2022.

All payments on this note shall be made by check or wire transfer of immediately available funds or as otherwise determined by the company.