Dellfer, Inc. announced that it will issue 1,000,000 series A-1 preferred stock at a price of $0.61751 per share for gross proceeds of $617,510, 700,000 series A-2 preferred stock at a price of $0.65867 per share for gross proceeds of $461,069, 700,000 series A-3 preferred stock at a price of $0.74101 per share for gross proceeds of $518,707, and 5,100,000 series A-4 preferred stock at a price of $0.82334 per share for gross proceeds of $4,199,034, for aggregate gross proceeds of $5,796,320 on August 12, 2021. The shares will carry non-cumulative and participation fixed dividend rate of 8% per share per annum. The series A-1 shares, series A-2 shares, series A-3 shares and series A-4 shares will be convertible into common shares at a fixed conversion price of $0.61751, $0.65867, $0.74101, and $0.82334 per share respectively.

The round will be raised at a post-money valuation of $19,602,545. The company will receive $5,550,000 pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $75,000.