Enphys Acquisition Corp. announced a private placement of non-convertible promissory note to Enphys Management Company, LLC in the principal amount of $320,000 on February 6, 2024. The note do not carry any interest rate.

The issuance of the promissory note was made pursuant to the exemption from registration contained in section 4(a)(2) of the Securities Act of 1933, as amended.