Yotta Acquisition Corporation announced a private placement of unsecured non-convertible promissory note in an aggregate principal amount of $200,000 on May 17, 2023. The transaction included participation from returning investor Yotta Investment LLC. The company used $120,000 of the amounts received under the Note and deposited it into the company's trust account in order to extend the amount of time it has available to complete a business combination.

The note does not bear interest and matures upon the closing of a business combination by the company.