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- Dot Ai (DAIC) signed a definitive agreement for a convertible preferred stock investment of up to $6M.
- The financing includes $2M of Series AA and $4M of Series B Convertible Non-Redeemable Preferred Stock, to be funded in two closings.
- The company said the capital will strengthen its balance sheet, support Nasdaq listing compliance, and fund working capital, liabilities, and transaction expenses.
- Following the Series AA closing, the Board will establish a special committee to evaluate a proposed sale of certain operating assets under a previously signed letter of intent.
- DAIC shares down 5% premarket.
Dot AI secures up to $6M convertible preferred investment
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1 min read
Dot Ai (DAIC) signed a definitive agreement for a convertible preferred stock investment of up to $6M. The financing includes $2M of Series AA and $4M of Series B Convertible Non-Redeemable Preferred Stock, to be funded in two closings. The company said the capital will strengthen its balance sheet, support Nasdaq listing compliance, and fund worki...
