Lost Lake Games Ltd. announced that it will issue 2,857,305 series seed preferred stock at an issue price of $1.7499 for gross proceeds of $4,999,998.02 on December 22, 2021. The securities will be convertible into common shares at a fixed conversion price $1.7499 per share. The shares are convertible and non-redeemable.

The company will issue securities pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $20,000. The round will be raised at a post-money valuation of $4,999,998.