TCW Special Purpose Acquisition Corp. announced that it has entered into an agreement with TCW Asset Management Company LLC for a private placement of promissory note for gross proceeds of $2,000,000 on June 17, 2021. The promissory note bears no interest and is due and payable upon the earlier of the date on which the company consummates its initial business combination or on which the company is wound up.

all or a portion of the unpaid principal amount of the promissory note may be converted into a number of warrants to purchase shares of common stock, par value $0.0001 per share, of the company. The conversion warrants and their underlying securities are entitled to the registration rights set forth in the promissory note. The issuance of the promissory note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.