Open Space Labs, Inc. announced that it will issue 11,848,729 series D preferred shares at issue price of $8.8867 per share for the gross proceeds $105,296,100.0043 in funding on January 31, 2022. The shares are convertible, non-redeemable and non-cumulative. The shares carry non-cumulative dividend rate of 8% per annum.

The shares will be convertible in common shares at a price of $8.8867 per share.