Keyarch Acquisition Corporation announced that it has entered into a securities purchase agreement for the private placement of promissory notes for aggregate principal amount of up to $150,000 on January 25, 2024. The transaction will include participation from returning lender, Keyarch Global Sponsor Limited. The notes will carry no interest rate.

The issuance of the Second Extension Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.