Promaxo, Inc. announced that it will issue 980,257 series B-2 preferred share at a price of $5.1007 per share for proceeds of $4,999,996.68 in funding on December 31, 2020. The company will issue securities pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $1. The shares carry non-cumulative dividend value of $0.4081 per share and will be convertible into common shares at a price of $5.1007 per share. The shares are convertible and non-redeemable. The round will be raised at post money valuation of $54,258,166.