Goldenbridge Acquisition Limited announced a private placement of one unsecured promissory note for gross proceeds of $174,561.30 on November 25, 2022. The transaction included participation from returning investor Auto Services Group Limited. The note issued at par, does not bear interest and mature upon closing of a business combination by the company.

In addition, the note may be converted by the holder into units of the company identical to the units issued in the company's initial public offering at a price of $10 per unit.