Discord, Inc. announced that it will issue 908,059 series I preferred stock at a price of $550.6244 per share for gross proceeds of $499,999,442.0396 on September 9, 2021. The shares carry non-cumulative, and participating fixed dividend value of $44.049952 per share per annum. The shares are non-redeemable. The shares will be convertible into common shares at a fixed conversion price of $550.6244 per share. The round will be raised a round at a post money valuation of $14,099,467,890. The company will issue securities pursuant to exemption provided under Regulation D.