Synthetaic, Inc. announced that it will issue 4,466,675 series B preferred shares at an issue price of $4.4776 per share for gross proceeds of $19,999,983.98 in funding on January 23, 2024. The shares are issued at $0.01 par value per share. The minimum investment accepted from any outside investor is $49,996.

The company will issue securities pursuant to exemption provided under Regulation D. The shares carry non-cumulative fixed dividend rate of 8% per share per annum. The shares will be convertible into common shares at a fixed price of $4.4776 per share.