Avant Technologies Inc. announced that it has entered into a securities purchase agreement with returning investor 1800 Diagonal Lending, LLC for a private placement of a convertible promissory note for gross proceeds of $105,000 on October 2, 2023. The convertible note has a maturity date of March 2, 2025 and have interest rate of 8% per annum. The convertible note was issued at a discount of $21,000, and have the principle amount of $126,000.

The issuances of the convertible note were made in reliance upon the exemption from the registration requirements of the Securities Act of 1933, as amended (the ?Act?), pursuant to Section 4(a)(2) of the Act.