AdaptX, Inc. announced that it will issue 10,462,439 series A-2 preferred shares at issue price of $0.9558 per share for the gross proceeds $9,999,999.1962 in funding on August 25, 2023. The shares will be convertible in common shares at a price of $0.9558 per share. The round will be raised at post money valuation of $26,366,000.

The company will issue securities pursuant to exemption provided under Regulation D.