Odyssey Semiconductor Technologies, Inc. announced a private placement that it has issued a secured convertible promissory note Nina and John Edmunds 1998 Family Trust dated January 27, 1998 in the amount of $190,000 on April 15, 2024. The note bear a interest rate of 10%. The Promissory Notes may be convertible anytime at the discretion of the holder into shares of common stock of the Company at a price equal to the average of the last 20 trading days?

closing price, or automatically converted upon (i) the closing of a public offering of the Company?s common stock with aggregate proceeds of at least $5 million (a ?Financing Event?);or (iii) June 30, 2025, at a 20% discount to the per share public offering price.