Future Family, Inc. announced that it has entered into series B preferred stock purchase agreement on February 4, 2022. The company will issue 21,358,393 series B-1 preferred stock at a price of $1.1705 per share for gross proceeds of $24,999,999.0065, and 1,828,912 series B-2 preferred stock at a price of $0.9364 per share for gross proceeds of $1,712,593.1968, for aggregate gross proceeds of $26,712,592.2033 in the transaction. The series B-1 shares, and series B-2 shares carry non-cumulative fixed dividend value of $0.0937, and $0.075 per share per annum respectively.

The series B-1 shares, and series B-2 shares will be convertible into common shares at a fixed conversion price of $1.1705, and $0.9364 per share respectively.