Aiquire Inc. announced that it entered into purchase agreement and it will receive $62,425,014.450 in a round of funding on July 11, 2023. The company will issue 5,241,395 series C-1 preferred stock at an issue price of $11.19 per share. The shares will be convertible into common shares at a fixed conversion price of $11.19 per share.

The shares are convertible, participating and non-cumulative. The shares carry non-cumulative dividend rate of 0.001% per annum. The preferred shares have a par value of $0.000001 per share.

The round will be raised at post money valuation of $597,846,949.