Infinite Uptime, Inc. announced that it will issue 29,945 series B-1 preferred shares at an issue price of $2.9445 per share for gross proceeds of $88,173.0525, 795,975 series B-2 preferred shares at an issue price of $3.1408 per share for gross proceeds of $2,499,998.28 and 4,164,544 series B-3 preferred shares at an issue price of $3.926 per share for gross proceeds of $16,349,999.744, for aggregate gross proceeds of $18,938,171.0765 on April 25, 2023. The shares are issued at $0.0001 par value per share. The shares carry non-cumulative dividend rate of 0.001% per annum.

The preferred share will be convertible to common shares at its original issue price. The preferred shares are not redeemable.