Sixth Wave Innovations Inc. announced that it has entered into a secured promissory note with new lender, Orca Holdings, LLC in the aggregate principal amount of up to $612,500 on November 15, 2022. The note bears interest at 10% per annum and matures on October 25, 2023. The note will be secured against the assets of the company pursuant to a general security agreement.

The securities issued pursuant to the note agreement will be subject to a four month and one day hold period. The transaction is subject to CSE approval. The company will issue securities pursuant to exemption provided under Regulation D.