ROC Energy Acquisition Corp. announced it has entered into a material definitive agreement for the private placement of a non-convertible promissory note in the principal amount of up to $800,000 on January 16, 2023. The transaction included participation from existing lender, Fp Spac 2, LLC.

The note bears no interest and is due and payable upon the earlier to occur of (i) the date on which the company's initial business combination is consummated and (ii) the liquidation of the company on or before March 6, 2023 (unless extended to June 6, 2023) or such later liquidation date as may be approved by the company's stockholders. The issuance of the note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.