TortoiseEcofin Acquisition Corp. III announced a private placement with Hennessy Capital Growth Partners Fund I SPV V, LLC for $1,000,000 promissory notes on July 19, 2023. The note does not bear interest and is repayable in full upon consummation.

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.