Prime Number Acquisition I Corp. announced that it has entered into a purchase agreement for the issuance of 380,892 common shares at a price of $10 per share for gross proceeds of $3,808,920 on February 1, 2022. The transaction will include participation from returning investors Prime Number Acquisition LLC for 331,032 common shares and for overall 18.9% stake and Glorious Capital LLC for 49,860 common shares and overall 1.7% stake.

The company has also granted an overallotment option for common shares for an additional 36,000 common shares. The securities under the transaction will be issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. The company will not pay underwriting discounts or commissions with respect to such sales.

The shares will not be transfer, assign or sell until 30 days after the completion of the transaction.