Gardiner Healthcare Acquisitions Corp. announced that it has entered into a definitive agreement for a private placement to issued five unsecured promissory notes for gross proceeds of up to $425,000 on May 5, 2023. The transaction included participation from new investors, Seisun Capital PTY LTD for a principal sum of $75,000, Guy Spriggs Trust 12/16 for a principal sum of $200,000, and new individual investors, Kent Rinker for a principal sum of $50,000, Greg Sukenik for a principal sum of $25,000; and Virginia Stack for a principal sum of $75,000.

The notes have a principal amount of $425,000. No interest shall accrue on the unpaid principal balance of notes. The unsecured promissory notes are convertible.

All unpaid principal under the promissory notes will be due and payable in full on the earlier of June 27, 2023, and the date on which the company consummates an initial business combination. The principal balance may be prepaid at any time. Under no circumstances shall any individual, including but not limited to any officer, director, employee, or shareholder of maker, be obligated personally for any obligations or liabilities of maker here under.