Illumio, Inc. announced that it will issue 35,180,000 series F preferred shares at issue price of $6.715531 per share for the gross proceeds $236,252,380.58 in funding on June 23, 2021. The shares are convertible, participating, non-redeemable and non-cumulative. The shares carry non-cumulative fixed dividend rate of 8% per annum. The shares will be convertible in common shares at a fixed conversion price of $6.715531 per share. The company will issue securities pursuant to exemption provided under Regulation D.