TortoiseEcofin Acquisition Corp. III announced a private placement with with TortoiseEcofin Borrower LLC for $500,000 unsecured promissory notes on February 1, 2023. The note does not bear interest and is repayable in full upon consummation.

Each drawdown request must state the amount to be drawn down, and must not be an amount less than $10,000. The issuance of the private placement warrants was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.