Tenzing Acquisition Corp. (NasdaqCM:TZAC) announced a private placement of an unsecured convertible promissory note for gross proceeds of up to $175,000 on July 24, 2020. The transaction included participation from returning investor Tenzing LLC. The notes issued carries no interest and are convertible into units at a conversion price of $10. Each unit consists of one ordinary share and one warrant exercisable for one additional ordinary share.