InFinT Acquisition Corporation announced a private placement that it has issued an unsecured promissory note in the principal amount of up to $500,000 on March 6, 2024. The transaction included participation from new lender, Seamless Group Inc. The amount may be drawn down from time to time prior to maturity date upon request by the company. The note does not bear interest and principal balance will be payable on the date on which the company consummates its initial business combination.

The note is subject to customary events of default, the occurrence of certain of which automatically triggers the unpaid principal balance of the Note and all other sums payable with regard to the Note becoming immediately due and payable. The issuance of the note was made pursuant to the exemption from registration contained in section 4(a)(2) of the Securities Act of 1933, as amended.