Amfora Inc. announced that it will issue 4,474,479 series B preferred shares at a price of $1.9386 per share for gross proceeds of $8,674,224.99 on January 27, 2021. The preferred shares are convertible into common shares at a price of $1.9386 per share and the shares carry non-cumulative dividend rate of 8% per annum. The round will be raised at post money valuation of $15,468,737. The company will issue receive $8,281,148 in securities pursuant to exemption provided under Regulation D.