ATRM Holdings, Inc. (OTCPK:ATRM) announced that it has entered into a securities purchase agreement for a private placement of an unsecured promissory note for gross proceeds of $900,000 on June 1, 2018. The transaction included participation from existing lender Lone Star Value Co-Invest I, LP, a fund managed by Lone Star Value Management LLC. The note was issued at par. The note bears an interest at a fixed rate of 10% per annum, payable semi-annually. The note will mature on June 1, 2020. The lender may elect to receive any interest payment in-kind at a rate of 12% per annum, so long as any such interest payment is made either entirely in payment in-kind interest or 10% cash and 10% payment in-kind interest. The note is unsecured and restricted. The company has not retained any finder, broker, agent, financial advisor or other intermediary in connection with the agreement. The company issued securities pursuant to exemption provided under Section 4(a)(2) of the Securities Act.