SK Growth Opportunities Corporation announced that it has issued unsecured promissory note for an aggregate gross proceeds of $380,000 on October 30, 2023. The transaction included participation from returning investor, Auxo Capital Managers LLC. The note does not bear interest on the unpaid principal balance and matures upon closing of the initial business combination.

The note may be converted in whole or in part at the option of the investor into warrants of the company at a price of $1 per warrant, with each warrant exercisable for one class A ordinary share.