Booster Fuels, Inc. announced that it will receive $296,062,897.415940 in funding on April 1, 2022. The company will issue 15,654,561 series D preferred shares at a price of $16.3981 per share, 1,854,129 series D-1 preferred shares at a price of $13.11848 per share, and 304,912 series D-2 preferred shares at a price of $16.3981 per share, and 764,914 series D-3 preferred shares at a price of $13.11848 per share in the transaction. The shares are convertible and non-cumulative.

The shares carry a non-cumulative fixed dividend rate of 6% per annum. The dividend is participating. The preferred shares will be convertible into common shares at a fixed price of their original issue price.

The round will be raised at a post-money valuation of $640,649,681.