Simon Property Group Acquisition Holdings, Inc. announced a private placement of unsecured promissory note for gross proceeds of$2,000,000 on September 8, 2021. The transaction included participation from returning investor SPG Sponsor, LLC. The note does not bear interest and is repayable in full upon the earlier of the date of consummation of the company’s initial business combination, or the winding up of the company. The sponsor has the option, at any time prior to payment in full of the principal balance of the note, to convert all or a portion of the unpaid principal balance of the note into that number of warrants to purchase one share of class A common shares, $0.0001 par value per share, of the company equal to the principal amount of the note so converted divided by $1.50.