Quaise Energy, Inc. announced that it will issue 1,167,842 series seed-3 preferred shares at issue price of $4.2814 per share for the gross proceeds $4,999,998.7388 in funding on July 30, 2021. The shares will be convertible in common shares at a price of $4.2814 per share. The round will be raised at post money valuation of $27,978,255.

The company will issue securities pursuant to exemption provided under Regulation D.