Brilliant Acquisition Corporation announced a private placement of unsecured promissory note for gross proceeds of $32,450 on June 21, 2023. The transaction included participation from returning investor, Nisun Investment Holding Limited. The note does not bear interest and matures upon closing of the company?s initial business combination.

In the event that the company does not consummate a business combination, the note will be repaid only from amounts remaining outside of the company?s trust account, if any. The note issued with par value.