mPhase Technologies, Inc. announced that it has entered into a securities purchase agreement with West Street Capital Partners for the private placement of a promissory note in the aggregate principal amount of $280,000, convertible into shares of common stock of the company for gross proceeds of$250,000, reflecting an original issuance discount of $30,000 on April 18, 2022. The principal and interest payments shall be made in seven installments of $44,000 each beginning on the five-month anniversary following the issue date and continuing thereafter each thirty days for seven months.