Setex Technologies, Inc. announced that it will issue 860,000 series A preferred stock at an issue price of $8.6384 per share for gross proceeds of $7,429,024 on March 6, 2020. The shares will be convertible into common shares at a fixed conversion price of $8.6384 per share. The securities are participating.

The company will issue securities of $6,246,920 pursuant to exemption provided under Regulation D.