Presbia PLC entered into a purchase agreement for a private placement of 100 series 2 redeemable preferred shares at a price of $1,000 per share for gross proceeds of $100,000 on December 10, 2018. The transaction included participation from existing investor Richard Ressler; director of the company. Upon closing, the company also issued warrants to purchase 14,731,667 ordinary shares at fixed exercise price of $0.60 per share for five years from the issuance date. The preference shares are issued at premium to face value of $0.001 per share.