FinServ Acquisition Corp. II announced a private placement to issue 400,000 non convertible working capital promissory note at an issue price of $1 per promissory note for the gross proceeds of $400,000 on August 22, 2023. The transaction included participation from new lender FinServ Holdings II LLC.

The issuance of the Working Capital Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.