Forbion European Acquisition Corp. announced that it has entered into a purchase agreement for a private placement of gross proceeds of $900,000 on March 24, 2023. The company will issue unsecured promissory notes in the transaction.

The Note bears no interest and shall be due and payable on the earlier ofthe date of consummation of their initial merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities and the maturity date is December 14, 2023.