CesiumAstro Inc. announced that it will receive $49,999,999.72 in funding on January 26, 2024. The company will issue 2,790,054 series B-4 preferred stock at an issue price of $17.9208 per share in the transaction. The company will issue securities pursuant to exemption provided under Regulation D. The shares are issued at $0.00001 par value per share.

The securities will be convertible into common shares at a fixed conversion price $17.9208 per share. The shares are convertible and non-cumulative. The shares carry non-cumulative fixed dividend value of $1.4336 per share.

The company will issue securities pursuant to exemption provided under Regulation D.