Radius Networks, Inc. announced that it will issue 9,500,000 series C preferred shares at issue price of $1.967952 per share for the gross proceeds $18,695,544 in funding on July 22, 2019. The shares are convertible, non-redeemable and non-cumulative. The shares carry non-cumulative dividend rate of 8% per annum.

The shares carry non-cumulative dividend value of $0.118077 per annum per share. The shares will be convertible in common shares at a price of $1.967952 per share. The company will issue securities pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $5,000.