Ai Clearing Inc announced that it will receive $12,886,160.989 in funding on August 28, 2023. The company will issue 8,871,146 series A-1 preferred stock at an issue price of $0.9018 per share, 161,110 series A-2 preferred stock at an issue price of $0.6764 per share, and 6,232,468 series A-3 preferred stock at an issue price of $0.7665 per share. The shares are convertible into common shares of the company at their original issue price.

The company will issue securities pursuant to exemption provided under Regulation D. The shares are issued at a par value of $0.0001 per share. The shares are non-redeemable. The round will be raised at a post-money valuation of $18,177,722.