quadric.io, Inc announced that it will issue 4,152,301 series B preferred stock at a price of $7.2249 per share for the gross proceeds of $29,999,959.4949 on January 18, 2022. The shares are non-redeemable. The shares carry non-cumulative, and participating fixed dividend value of $0.578 per annum per share.

The shares will be convertible into common shares at a fixed conversion price of $7.2249 per share.