Panther Orthopedics, Inc. announced that it will issue 1,500,000 series B Preferred shares at a price of $2 per share for gross proceeds of $3,000,000 on May 24, 2019. The preferred shares carry non-cumulative dividend at rate of 8% per annum and will be convertible in common shares at a fixed conversion price of $2 per share. The preferred shares are non-redeemable and convertible. The round will be raised at post money valuation of $7,000,000.