Enterprise 4.0 Technology Acquisition Corp. announced a private placement of convertible promissory note for proceeds of up to $900,000 on April 20, 2023. The transaction included participation from returning investor Ent4.0 Technology Sponsor Llc.

The Note bears no interest and is repayable in full upon the date of the consummation of the Initial Business Combination or the liquidation of the Company. The issuance of the Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.