Safety Radar Inc announced that it will issue 3,924,900 series seed preferred shares at an issue price of $0.40128 per share for gross proceeds of $1,574,983.872 on February 22, 2024. The shares are issued at $0.0001 par value per share. The shares carry non-cumulative fixed dividend rate of 8% per share per annum.

The shares will be convertible into common shares at a fixed price of $0.40128 per share. The transaction is being raised at a post-money valuation of $1,574,984.