RightHand Robotics announced that it will issue 11,312,722 series B preferred shares at a price of $2.0332 per share for gross proceeds of $23,001,026 in a round of funding on December 3, 2018. The shares carry non-cumulative dividend at the rate of 6% per annum and will be convertible into common shares at a price of $2.0332 per share. The shares are participating.

The company will convertible preferred shares in the transaction pursuant to exemption provided under Regulation D. The transaction will be raised at a post-money valuation of $71,109,346.