Voip-Pal.com Inc. announced a private placement of 475,000 Series A preferred stock at a price of $0.10 for gross proceeds of $47,500 on May 24, 2022. The transaction included participation from Emil Malak, the president, chief executive officer and a director of the company. The preferred shares are non-redeemable and non-convertible.

The transaction has been approved by the board of directors of the company.