Helm.AI Inc. announced that it will receive $99,999,994 in a round of funding on September 29, 2022. The company will issue 13,812,192 series C preferred shares at issue price of $3.61999 per share for the gross proceeds $49,999,996.91808 and 13,812,192 series C-1 preferred shares at issue price of $3.61999 per share for the gross proceeds $49,999,996.91808 in the transaction. The shares are convertible, non-redeemable and non-cumulative.

The shares carry non-cumulative fixed dividend rate of 6% per annum. The shares will be convertible in common shares at a fixed conversion price of $3.61999 per share. The shares carry a par value of $0.00001 per share.