Princeton Nuenergy Inc. announced that it will issue 419,530 series A-1 preferred shares at an issue price of $47.7915 per share for gross proceeds of $20,049,967.995, 335,442 series A-2 preferred shares at an issue price of $2.683 per share for gross proceeds of $899,990.886 and 370,044 series A-3 preferred shares at an issue price of $18.7813 per share for gross proceeds of $6,949,907.3772, for aggregate gross proceeds of $27,899,866.2582 on October 9, 2023. The shares are issued at $0.0001 par value per share. The shares carry non-cumulative fixed dividend rate of 8% per share per annum.

The preferred share will be convertible to common shares at its original issue price. The company will receive $23,997,611 pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $10,000.