REGENT Craft Inc. announced that it will issue 16,481,257 series A-1 preferred shares at an issue price of $2.287485 per share for gross proceeds of $37,700,628.168645, 5,683,095 series A-2 preferred shares at an issue price of $2.287485 per share for gross proceeds of $12,999,994.566075, 47,429 series A-3 preferred shares at an issue price of $2.287485 per share for gross proceeds of $108,493.126065, 1,457,202 series A-4 preferred shares at an issue price of $2.058736 per share for gross proceeds of $2,999,994.216672 and 4,028,708 series A-5 preferred shares at an issue price of $1.829988 per share for gross proceeds of $7,372,487.295504, for aggregate gross proceeds of $61,181,597.372961 on July 31, 2023. The shares are issued at $0.001 par value per share. The shares carry non-cumulative fixed dividend rate of 6% per share per annum.

The preferred share will be convertible to common shares at its original issue price. The transaction is being raised at a post-money valuation of $252,001,254.