On July 24, 2019, Proficient Alpha Acquisition Corp. and Shih-Chung Chou, the sponsor of the Company entered into an unsecured promissory note for a principal amount of up to $800,000 to be used by the Company for working capital purposes. Pursuant to the terms of the Note, the Sponsor will loan to the Company up to a total of $800,000, in the event that the Company’s cash held outside of its trust account is less than $150,000. The Note bears no interest and is repayable in full upon the earlier of the consummation of the Company’s initial business combination and the date of the winding up of the Company. The amount of cash outside of the trust account as of June 30, 2019 was $2,178,255.