Art's-Way Manufacturing Co., Inc. announced that it has entered into agreement for a private placement of common shares for gross proceeds of $3,000,000 on March 29, 2022. The transaction will include participation from Alumni Capital LP. The securities were sold in reliance on the exemption from registration provided by section 4(a)(2) of the securities act of 1933 and Regulation D.

On the same day, the company issued 20,000 shares in its first tranche closing.