Longevity Acquisition Corporation (NasdaqCM:LOAC) announced that it has closed a private placement for an unsecured convertible promissory note for gross proceeds of $400,000 to existing investor Whale Management Corporation on February 21, 2020. The note is non-interest bearing and shall be payable any time, at the election of company. The investor may elect convert all or any portion of the unpaid principal balance of the note into that number of units, equal to the portion of the principal amount of this note being converted, divided by $10.00, rounded up to the nearest whole number of units. Each unit consists of one ordinary share and one warrant exercisable for one half of one ordinary share and and one right to receive one-tenth of one ordinary share upon the consummation of an initial business combination. The note is unsecured, redeemable and is issued at par.