Cowbell Cyber, Inc. announced that it has issued 67,666,960 series C preferred shares at an issue price of $1.0197 per share for the gross proceeds of $68,999,999.112 on July 23, 2024. The preferred shares are issued at a par value of $0.0001 per share. The preferred shares are non-redeemable.

The preferred shares carry cumulative fixed dividend rate of 6% per annum and will be convertible in common shares at a fixed conversion price of $1.0197 per share.