Exlites Holdings International, Inc. announced a private placement of minimum of 10,000 OTC SAFE notes and maximum of 5,000,000 OTC SAFE notes at a price of $1 per OTC SAFE note for minimum gross proceeds of $10,000 and maximum gross proceeds of up to $5,000,000 on December 19, 2022. The company is raising funding through crowd-funding platform truCrowd, Inc. The company will accept oversubscriptions in the transaction. The company will issue securities pursuant to exemptions provided under Regulation C. The transaction is expected to close on March 17, 2023.

The securities issued are subjected to 1 year hold period. The round is raised at a pre-money valuation of $23,637,691. The company may pay commission of 8% on total amount of investments raised in the transaction.