Zendar Inc. announced that it will issue 2000000 series B-1 preferred stock at an issue price of $2.18635 per share for gross proceeds of $4,372,700 on December 15, 2021.The securities will be convertible into common shares at a fixed conversion price $2.18635 per share. The shares carry non-cumulative dividend rate of 8% per annum. The round is raised at a post-money valuation of $30,096,817.