Ecoark Holdings, Inc. (OTCPK:EARK) announced a private placement of a secured 10% convertible promissory note for gross proceeds of $500,000 on January 10, 2017. The note carries a fixed coupon of 10% per annum and would mature on July 10, 2018. The company will pay quarterly interest beginning on March 31, 2017. The note is convertible into common shares of the company at a conversion price of $4.5 per share.