EZRaider Global, Inc. announced that it has entered into a letter of intent for a private placement of up to 10,000,000 units at an issue price of $3.50 per unit for gross proceeds of $35,000,000 on June 1, 2021. Each unit comprises of one common share and a warrant exercisable at $4 per share for three years, post the closing, on the terms of, and subject to the conditions in the definitive subscription documents to be executed by and among the company and the purchasers. The company raised funding through Regulation D and/ or Regulation S. The company may sell up to an additional of 3,000,000 units for gross proceeds of $10,500,000, over-allotment option.