Free Flow, Inc. announced a private placement of 15,000,000 series D preferred shares at a price of $1.30 per share for gross proceeds of $19,500,000 on August 17, 2020. The transaction involved participation from accredited investors, which for natural persons, are investors who meet certain minimum annual income or net worth threshold. The preferred shares carry a par value of $0.0001 and can be converted into equity. The minimum investment amount from any investor is $5,005, although the board of directors of the company, in its sole discretion, may accept a subscription for a smaller amount if it elects to do so. The company will pay underwriting fees or finders fees or offer discounts at 10% of the gross proceeds, or $1,950,000, resulting in net proceeds of $17,550,000. All securities issued in the transaction will be subject to a hold period. The company will issue securities pursuant to Rule 506(c) promulgated under Regulation D of the Securities Act of 1933.