Accretion Acquisition Corp. announced a private placement of an unsecured promissory note to returning lender Accretion Acquisition Sponsor, LLC for gross proceeds of $80,000 on September 15, 2023. The note bear no interest and is due and payable upon the earlier of the liquidation of the company and the closing date on which the company consummates a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

The issuance of the note was exempt pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.