Quintessential Design, Inc. announced that it will issue 1,000,000 series A preferred stock at an issue price of $14.7333 per share for gross proceeds of $14,733,300 on August 30, 2023. The shares are convertible into common shares of the company at their original issue price. The shares are issued at a par value of $0.0001 per share.

The round will be raised at post money valuation of $14,733,300.