Guerrilla RF, Inc. announced a private placement of $4 million junior tranche multi-draw note and 6.5 million restated senior tranche term note on September 5, 2023. The transaction will include participation from new lender, Salem Investment Partners V, Limited Partnership, managed by returning lender, Salem Investment Partners. The junior tranche multi-draw note have an interest rate of 14.0% per annum, with payment of interest deferred until the April 30, 2024 maturity date.

The restated senior tranche term note have an interest rate of 11% per annum, with payment of interest deferred until the April 30, 2024 maturity date of the notes. The company paid $52,500 as closing fee for restated senior tranche term note and $45,000 as closing fee for junior tranche multi-draw note.