Qomolangma Acquisition Corp. announced a private placement of a unsecured non-convertible promissory note for gross proceeds of $200,000 on March 22, 2023. The transaction included participation from returning investor Qomolangma Investments LLC.

The company has singed an agreement with investor in the transaction. The note is issued at principal amount of $200,000. The note bears no interest and is repayable in full upon the consummation of the company's business combination.