Games & Esports Experience Acquisition Corp. announced a private placement of an unsecured promissory note for an aggregate of $1,000,000 on March 3, 2023. The note does not bear interest and is repayable in full upon the earlier of the consummation of the Company?s initial business combination or the date the Company liquidates the Trust Account upon the failure of the Company to consummate an initial business combination within the requisite time period.

On the same date, the company raised $350,000 in its first tranche.