Locus Robotics Corp. announced that it will issue 2,907,098 series F preferred shares of par value $0.001 per share at an issue price of $42.9982 per share for the gross proceeds of $124,999,981.2236 on November 17, 2022. The company has entered into series F preferred stock purchase agreement in the transaction.

The transaction will include participation from G2VP II, LLC, and G2VP Opportunity Fund I, LP, a fund managed by G2VP, LLC, Broad Street Principal Investments, L.L.C., West Street Private Markets 2022 Offshore, SLP, a fund managed by Vistra Fund Management S.A., West Street Global Growth Partners, L.P., WSGG Offshore Investments, SLP, WSGGP Emp Onshore Investments, LP, WSGGP Emp Offshore Investments, SLP, West Street Private Markets 2022, L.P.. The shares carry cumulative fixed dividend rate of 6% per annum. The shares will be convertible in common shares at a fixed conversion price of $42.9982 per share.

The round will be raised at post money valuation of $1,775,377,662.