Appreciate Holdings, Inc.: debt financing — Appreciate Holdings borrows $425,000 under secured promissory note with St. Cloud Capital

On June 29, 2023, the Company obtained $425,000 in funding pursuant to that certain Secured Promissory Note dated as of June 29, 2023 (the "2023 Note"), issued under the Company's existing Securities Purchase Agreement, dated as of November 7, 2016 (as amended, modified, supplemented, increased and extended from time to time, the "Financing Agreement"), by and among Appreciate Holdings, Inc. (f/k/a RW National Holdings, LLC), a Delaware corporation, RW OpCo, LLC, a Delaware limited liability company, and St. Cloud Capital Partners III SBIC, L.P.