Digital Transformation Opportunities Corp. announced that it has entered into agreement for gross proceeds of $700,000 in a private placement transaction with returning investor Digital Transformation Sponsor LLC on May 1, 2023. The company will issue non-interest bearing promissory note in the transaction.

All unpaid principal under the note will be due and payable in full upon the earlier of the date of the consummation of the company?s initial business combination and the date of the liquidation of the company. No interest shall accrue on the unpaid principal balance of this notes.