Green Ballast, Inc. (OTCBB:GBLL) announced a private placement of 12% senior unsecured notes for gross proceeds of $225,000 on November 27, 2012. The notes were issued to existing investor Green Ballast Llc. The notes bear a 12% interest with interest accruing daily. The notes shall mature on February 16, 2013.

On November 27, 2012, Green Ballast, Inc. closed the transaction.