Lithos Energy, Inc. announced that it expects to receive $38.703074 million in funding from Caterpillar Inc.

Lithos Energy, Inc. announced that it will issue 3,276,312 series A preferred shares of par value $0.0001 per share at an issue price of $11.813 per share for gross proceeds of $38,703,073.656 on November 4, 2022. The shares carry non-cumulative fixed dividend rate of 8% per share. The shares will be convertible into common shares of the company at a fixed conversion price of $11.813 per share.