EKIMAS Corporation announced a private placement of demand promissory note for gross proceeds of $40,000 on October 14, 2022. The transaction will include participation from Gk Partners Aps. The note will bear interest rate of 3% per annum and will mature on June 30, 2023.

On the same date, the company announced that it has received $20,000 in its first tranche. The company will receive the remaining amount no later by October 21, 2022.