Insight Acquisition Corp. announced that it has issued an unsecured promissory note for gross proceeds of $480,000 on August 17, 2023. The transaction included participation from returning lender Insight Acquisition Sponsor LLC.

The principal amount of the note is $180,000. The Note does not bear interest and matures upon the closing of an initial business combination by the Company. In addition, at the option of the holder, the Note may be paid by the Company through the issuance of private placement warrants of the Company at a price of $1.00 per unit.

The Promissory note has not been registered under the securities act of 1933, as amended (the ?securities act?).