Jiya Acquisition Corp. announced that it has issued unsecured promissory note in the amount of up to $1,500,000 on June 13, 2022. The transaction will include participation from Samsara BioCapital, L.P. The Note bears no interest and is payable in full upon the earlier to occur of November 23, 2022 or the consummation of the Company's initial business combination.

The Note is required to be repaid in cash and is not convertible into shares of common stock or warrants exercisable for shares of common stock. The company will issue securities pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.