Enko Chem, Inc. announced that it will issue 16,459,544 series C preferred shares at issue price of $4.8604 per share for the gross proceeds $79,999,967.658 in funding on July 15, 2022. The shares will be convertible in common shares at a price of $4.8604 per share. The company will receive $69,493,377 pursuant to exemption provided under Regulation D.