Fusion Acquisition Corp. II announced a private placement of an unsecured convertible promissory note for gross proceeds of up to $500,00 on November 1, 2022. The transaction included participation from BOKA Founder LP.

The investor will have the option, at any time on or prior to the maturity date, to convert any amounts outstanding under the convertible note into warrants to purchase shares of the company's Class A common stock, par value $0.0001 per share at a conversion price of $1.50 per warrant, with each warrant entitling the holder to purchase one share of Class A common stock at a price of $11.50 per share, subject to the same adjustments applicable to the private placement warrants sold concurrently with the company's initial public offering subject to certain conditions. All unpaid principal under the convertible note will be due and payable in full on the earlier of (i) the termination date of the company as listed in its organizational documents which is currently March 2, 2023, or such later date as may be approved by the company's stockholders in accordance with the Organizational Documents, and (ii) the effective date of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination, involving the company and one or more businesses