CF Acquisition Corp. VIII announced that it has issued a promissory note for gross proceeds of up to $344,781.36 on March 15, 20223. The transaction included participation from lender CFAC Holdings VIII, LLC.

The note bears no interest and is repayable in full upon the earlier of the date of the consummation of the business combination or the date of the liquidation of the company. The company will deposit $57,463.56, or $0.04 per share of its class A common stock sold in the initial public offering that was not redeemed in connection with the extension, into the company's trust account. The company has issued the note pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.