Correlate Infrastructure Partners Inc. announced a private placement of secured convertible note for the gross proceeds of over $2.5 million on June 21, 2023. The transaction included participation from investors. The notes have a fixed conversion price of $3.20 per share, a maturity date of 18 months, bear an interest rate of 14% per annum paid quarterly, and include a detachable warrant to acquire shares of the Company at an $0.85 fixed exercise price.