Tailwind Acquisition Corp. announced that it will issue unsecured promissory note in the principal amount of up to $750,000 on September 9, 2022. The transaction will include participation from returning investor Tailwind Sponsor LLC. The company will receive amount in multiple tranches, consisting of $600,000 in initial tranche and subsequently $150,000, which may be drawn down in two equal tranches. The note does not bear interest and matures upon closing of the initial business combination. The note may be converted, in whole or in part, at the option of the Lender into warrants of the company at a price of $1.00 per warrant.

On the same date the company received $600,000 in initial tranche.