MacroFab, Inc. announced that it will issue 16,000,000 series B preferred stock at a price of $0.970488 per share for gross proceeds of $15,527,808, and 1,337,415 series B-1 preferred stock at a price of $0.77639 per share for gross proceeds of $1,038,355.63185, for aggregate gross proceeds of $16,566,163.63185 on May 13, 2021. The shares are convertible, cumulative, and redeemable. The shares carry cumulative fixed dividend rate of 8% per share per annum. The series B shares, and series B-1 shares will be convertible into common shares at a fixed conversion price of $0.970488 per share, and $0.77639 per share respectively. The company will receive $15,166,229 pursuant to exemption provided under regulation D.