PathPresenter Corporation announced that it will issue 10,180,949 series A-1 preferred shares at a price of $0.73667 per share for gross proceeds of $7,500,000, 784,266 series A-2 preferred shares at a price of $0.51314 per share for gross proceeds of $402,438 and 265,045 series A-3 preferred shares at a price of $0.58934 per share for gross proceeds of $156,202 for aggregate gross proceeds of $8,058,640 in funding on August 7, 2024. The shares are of par value of $0.0001 per share. The shares are convertible into common shares at a fixed conversion price equal to their respective issue prices.
The shares carry non-cumulative dividend at the rate of 8% per annum. The round is raised at a post money valuation of $9,861,941.