Muncher Inc. announced that it will receive $27,352,937 in funding on October 21, 2022. The company will issue 13,716,073 series B-1 preferred stock at an issue price of $1.3743 per share and 9,518,569 series B-2 preferred stock at an issue price of $0.8933 per share. The company will issue securities pursuant to exemption provided under Regulation D. The shares will be convertible in common shares at a fixed conversion price at their original issue price.

The shares issued are non-redeemable. The shares are issued at a par value of $0.00001 per share.