TMT Acquisition Corp announced a private placement of a convertible promissory note for gross proceeds of $300,000 on March 19, 2024. The transaction will include participation from Ms. Xiaozhen Li. The notes bear no interest rate and is repayable in full upon consummation of the Business Combination.

The note will be convertible in whole or in part, into TMT units. Each TMT unit consists of one TMT ordinary share and one right to receive two-tenths of one TMT ordinary shares.