Cala Health, Inc. announced that it will issue 33,413,525 series D preferred shares at issue price of $1.4964 per share for the gross proceeds $49,999,998.81 in funding on November 4, 2021. The shares are convertible, participating and non-cumulative. The shares carry non-cumulative dividend value of $0.12 per annum per share.

The shares will be convertible in common shares at a price of $1.4964 per share. The company will issue securities pursuant to exemption provided under Regulation D.