Epirus, Inc. announced that it will receive $229,506,008 in funding on January 28, 2022. The company will issue 2,251,334 series C-1 preferred shares at issue price of $2.0015 per share for the gross proceeds $4,506,045.001 and 40,295,133 series C-2 preferred shares at issue price of $5.5838 per share for the gross proceeds $224,999,963.6454 in the transaction. The shares are convertible and non-redeemable.

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