SingleStore, Inc. announced that it will issue 18,686,172 series F-2 preferred stock at an issue price of $6.42186 per share for gross proceeds of $119,999,980.52 on July 8, 2022. The shares are non-redeemable. The shares will be convertible into common shares at a fixed conversion price of $6.42186 per share.

The shares carry non-cumulative and participating fixed dividend value of $0.5137 per share per annum.