ECGI Holdings, Inc. announced a private placement of 2 convertible note for the gross proceeds of $250,000 on June 4, 2024.

On the same day, the company has issued $125,000 convertible note in its first tranche closing. The second convertible note is expected to close next month under the same terms. After fees, ECGI will receive $100,000 in growth capital from each convertible note to support major initiatives.