KwikClick, Inc. announced that it has entered into an agreement for a private placement of promissory notes for proceeds of $500,000 on May 31, 2023. The company has agreed to pay interest on the unpaid principal balance of the notes at the annual rate of 10% simple interest. The Maturity Date for purposes of the notes shall be the sooner of August 31, 2023 or the receipt of equity financing more than $2,000,000 or other cash proceeds received by the company.

The notes will be secured in nature.