Digital Health Acquisition Corp. announced that it expects to receive $4.37 million in funding from A.G.P. / Alliance Global Partners Corp.

Digital Health Acquisition Corp. announced that it has entered into a security purchase agreement for the issuance of 4,370 series B convertible preferred stock, par value $0.0001 per share, at a price of $1,000 per share for gross proceeds of $4,370,000 on November 3, 2022. The transaction will include participation from A.G.P. / Alliance Global Partners Corp.

The preferred stock is convertible into common stock of the company at the initial conversion price of $10.00, subject to adjustment. All the securities issued in the transaction will subject to lock-up period of 12 months from the date of issuance. The securities issued in the transaction are in reliance upon the exemption from securities registration afforded by Section 4(a)(2) of the Securities Act of 1933, and Rule 506(b) of Regulation D.