GoGreen Investments Corporation announced that it has issued 1 promissory note at a price of $300,000 per promissory note for gross proceeds of $300,000 on June 6, 2022. The transaction included participation from returning investor Gogreen Sponsor 1 Lp. All or a portion of the unpaid principal amount of the notes are converted into units of the company.

Each unit consists of one Class A ordinary share at the price of $0.0001 per share, and one-half of one warrant. Each whole warrant exercisable for one Class A Ordinary Share that will be equal to the portion of the principal amount of the Note being converted, divided by $10.00, rounded up to the nearest whole number of units. The Conversion Units and their underlying securities are entitled to the registration rights set forth in the Note.

The Note bears no interest and is due and payable upon the earlier to occur of the date on which the company consummates its initial business combination and the date that the winding up of the company is effective. The issuance of the Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.