ROC Energy Acquisition Corp. announced a convertible private placement of non-convertible promissory note in the principal amount of $2,070,000 on December 6, 2022. The transaction included participation from Fp Spac 2, LLC.

The Note bears no interest and is due and payable upon the earlier to occur of (i) the date on which the company's initial business combination is consummated and (ii) the liquidation of the company on or before March 6, 2023 (unless extended to June 6, 2023) or such later liquidation date as may be approved by the company's stockholders. The note is convertible into units at a price of $10.