CesiumAstro, Inc. announced that it will issue 4,041,955 series B-1 preferred stock at an issue price of $14.8443 per share for gross proceeds of $59,999,993, and 2,557,538 series B-2 preferred stock at an issue price of $5.865 per share for gross proceeds of $14,999,960, for aggregate proceeds of $74,999,952.98 on February 2, 2022. The securities will be convertible into common shares at a fixed conversion price $14.8443, and $5.865 per share respectively. The company will issue securities of $59,999,999 pursuant to exemption provided under Regulation D. The shares are convertible and non-cumulative.

The shares carry non-cumulative fixed dividend value of $1.1875, and $0.4692 per share respectively.