Humane, Inc. announced that it will issue 4,271,040 series C preferred shares of par value $0.0001 per share at an issue price of $23.4135 per share for the gross proceeds of $99,999,995.04 on December 21, 2022. The shares are non-redeemable. The shares carry non-cumulative fixed dividend value of $1.4048 per annum per share.

The shares will be convertible into common shares at a fixed conversion price of $23.4135 per share.