PowerScout, Inc. announced that it will issue 7,169,028 series B preferred shares at an issue price of $1.7457 per share and 1,114,265 Series B-1 preferred shares at an issue price of $1.3966 per share for gross proceeds of $14,071,155 on March 28, 2018. The series B carry non-cumulative dividend value of 8% per annum and will be convertible into common shares at a price of $1.7457 per share and The series B-1 carry non-cumulative dividend value of 8% per annum and will be convertible into common shares at a price of $1.3966 per share. The dividend is participating. The shares are redeemable. The transaction will be raised at a post-money valuation of $36,331,300.