Rasa Technologies Inc announced that it will issue 6,560,955 series C preferred shares at an issue price of $4.5725 per share for the gross proceeds of $29,999,966.7375 on December 6, 2023. The company has entered into series C preferred stock purchase agreement in the transaction. The shares are non-redeemable.

The shares will be convertible in common shares at a fixed conversion price of $4.5725 per share. The company will issue securities pursuant to exemption provided under Regulation D.