GenEdit Inc. announced that it will issue 8,417,036 series A-1 preferred shares at issue price of $3.5642 per share for the gross proceeds $29,999,999.71 in funding on November 9, 2022. The shares are convertible, non-redeemable and non-cumulative. The shares carry non-cumulative parctipating dividend value of $0.2139 per annum per share.

The shares will be convertible in common shares at a price of $0.2139 per share. The shares are issued at a par value of $0.0001 per share.