Transcarent, Inc. announced that it will issue 7,325,631 series D preferred shares at issue price of $20.47605 per share for the gross proceeds $149,999,986.63755 in funding on March 7, 2024. The shares are convertible, and non-redeemable. The shares will be convertible in common shares at a price of $20.47605 per share.

The preferred shares have a par value of $0.00001 per share.