More Dash Inc. announced that it will issue 1,700,839 series A preferred shares at an issue price of $6.7508 per share for gross proceeds of $11,482,023.9212, 172,623 series A-1 preferred shares at an issue price of $5.7927 per share for gross proceeds of $999,953.2521 and 454,328 series A-2 preferred shares at an issue price of $5.2825 per share for gross proceeds of $2,399,987.66, for aggregate gross proceeds of $14,881,964.8333 in funding on February 14, 2023. The shares are issued at $0.00001 par value per share. The company will issue securities pursuant to exemption provided under Regulation D. The shares carry non-cumulative fixed dividend rate of 5% per share per annum.

The preferred share will be convertible to common shares at its original issue price. The transaction is being raised at a post-money valuation of $26,523,900.