Expedera, Inc. announced that it will receive $21,496,137.4329 in funding on March 19, 2024. The company will issue 5,319,997 series B-1 preferred shares at a price of $1.8797 per share, and 7,948,105 series B-2 preferred shares at a price of $1.4464 per share in the transaction. The shares are convertible and non-cumulative.

The preferred shares will be convertible to common shares at their respective original issue price. The shares carry a non-cumulative dividend rate of 6% per annum. The preferred shares have a par value of $0.0001 per share.