HawkEye 360, Inc. announced that it will issue 12,838,138 series D preferred shares at a price of $11.7439 per share for gross proceeds of $150,769,808.8582 on November 5, 2021. The shares will carry a non-cumulative fixed dividend rate of 8% per share per annum. The shares are non-redeemable.

The shares will be convertible into common shares at a fixed conversion price of $11.7439 per share. The round will be raised at a post-money valuation of $756,828,460. The company will issue securities pursuant to exemption provided under Regulation D.