Nile Global, Inc. announced that it will issue 27,731,558 series C preferred shares of par value $0.0001 per share at an issue price of $5.409 per share for gross proceeds of $149,999,997.222 on April 18, 2023. The shares carry non-cumulative fixed dividend value of $0.4327 per share per annum. The shares will be convertible into common shares at a fixed conversion price of $5.409 per share.