SS Innovations International, Inc announced it has completed a private placement of 7% Convertible One-Year Promissory Bridge Notes for a principal amount of $1,000,000 on February 14, 2024. The transaction included participation from 2 investors, new investor, Sushruta PVT LTD. Interest on the Bridge Notes accrues at the rate of 7% per annum and is payable together with the principal amount on the maturity date, which is one year from issuance. At the option of the noteholder, the Bridge Notes may be converted at any time prior to maturity into shares of our common stock at a conversion price of $4.45.

The Notes issued are to exemption provided under Regulation D. The company has received $2,450,000 from 5 investors pursuant to exemption provided under Regulation D.