Qomolangma Acquisition Corp. announced that it has entered into a definitive agreement for a private placement and it has issued unsecured promissory note for gross proceeds of $240,000 on June 26, 2023. The transaction included participation from returning lender, Qomolangma Investments LLC.

The note have a principal amount of $240,000. The note is not convertible, and the note does not bear interest, and is repayable in full upon the consummation of the company’s business combination.