OneH2, Inc. announced that it will issue 104,156 class H preferred stock at a price of $100 per share for gross proceeds of $10,415,600 on January 22, 2021. The shares are convertible, cumulative, participating and redeemable. The shares carry cumulative fixed dividend rate of 10% per share per annum.

The shares will be convertible into common shares at a fixed conversion price of $100 per share. The round will be raised at a post-money valuation of $512,500,000.