Movius Interactive Corporation announced that it will issue 9,911,695 series F preferred shares at issue price of $0.5549 per share for the gross proceeds $5,499,999.5555 in funding on January 20, 2023. The shares are convertible, participating, redeemable and non-cumulative. The shares carry non-cumulative fixed dividend value of $0.04439 per annum per share.

The shares will be convertible in common shares at a fixed conversion price of $0.5549 per share. The round is raised at a post-money valuation of $61,598,881. The shares are issued at a par value of $0.01 per share.