Accretion Acquisition Corp. announced a private placement to issue an Extension note unsecured promissory note at an issue price of $80,000 for the gross proceeds of $80,000 and a working capital unsecured promissory note at an issue price of $200,000 for the gross proceeds of $200,000; aggregate gross proceeds of $280,000 on November 17, 2023. The transaction included participation from returning lender Accretion Acquisition Sponsor, LLC for $280,000.

The Notes will be issued a par value. The Notes bear no interest and are each 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 Notes was exempt pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.