Caravelle International Group announced that it has issued a convertible unsecured promissory note to existing investor, Pacifico Capital LLC for gross proceeds of $200,000 on October 24, 2022. The note does not bear interest, is issued in the form of a working capital note and is repayable upon the completion of the company's business combination. The note is convertible into units at a price of $10 per unit.
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- Caravelle International Group announced that it has received $0.2 million in funding from Pacifico Capital LLC