Stellar Cyber Inc. announced that it will issue 13,945,450 series A-1 preferred stock at a price of $0.7171 per share for gross proceeds of $10,000,282.195, 2,690,300 series A-2 preferred stock at a price of $0.5737 per share for gross proceeds of $1,543,425.11 and 5,516,600 series A-3 preferred stock at a price of $0.4183 per share for gross proceeds of $2,307,593.78, for aggregate gross proceeds of $13,851,301.085 on December 6, 2018. The shares are convertible, non-cumulative. The preferred shares carry non-cumulative fixed dividend rate of 7% per annum. The series A-1 shares, series A-2 shares and series A-3 shares will be convertible into common shares at a fixed price of $0.7171, $0.5737 and $0.4183 per share respectively.