Sensel, Inc. announced that it will issue 5,100,000 series B preferred shares at issue price of $4.081 per share for the gross proceeds $20,813,100 in funding on October 22, 2021. The shares are convertible, participating, non-redeemable and non-cumulative. The shares carry non-cumulative fixed dividend value of $0.2041 per annum per share.

The shares will be convertible in common shares at a fixed conversion price of $4.081 per share.