MedTech Acquisition Corporation announced that it has issued a promissory note in the principal amount of up to $1,500,000 on May 24, 2022. The transaction included participation from returning investor Medtech Acquisition Sponsor LLC. The note is convertible at the option of the holder into warrants of the company at a price of $1.50 per warrant.

The note does not bear interest and matures upon closing of the company's initial business combination. The company has issued the note pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933.