LightJump Acquisition Corporation announced that it will a promissory note to returning investor LightJump One Founders, LLC, up to an aggregate principal amount of $350,000 On July 8, 2022. The note bears interest at 20% per annum and is repayable in full upon the earlier of the consummation of the initial business combination of the SPAC, or the date of the termination of the business combination agreement and January 12, 2023. 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.

The transaction is expected to close on January 12, 2023.