Frontier Investment Corp announced that it has issued an unsecured promissory note with principal amount $500,000 to new lender Frontier Disruption Capital on September 25, 2023. The note bears no interest and matures at such time the company consummates a business combination. At the option of the lender, the principal amount may be paid in cash or convertible into private placement warrants at $1.00 per warrant.

Each warrant entitles the holder thereof to purchase one class A ordinary share at a price of $11.50 per share, subject to adjustment, terms and limitations.