Hook Media, Inc. announced that it will receive $3,369,997.3285 in a round of funding on July 7, 2023. The company will issue 5,159,958 series seed-1 preferred shares at an issue price of $0.5814 per share for a gross proceeds of $2,999,999.5812, and 795,523 series seed-2 preferred shares at an issue price of $0.4651 per share for a gross proceeds of $369,997.7473 in the transaction. The preferred shares have a par value of $0.00001 per share.

The series seed shares, and series seed-1 shares will be convertible in common shares at a fixed conversion price of $0.5814, and $0.4651 per share respectively. The company will issue securities pursuant to the exemption provided under Regulation D. The round will be raised at a post-money valuation of $3,462,517. The shares are non-redeemable.