Sci Engineered Materials, Inc. Announces Full Redemption Of Convertible Preferred Stock, Series B
Round Type
Series B
United StatesManufacturingElectronicsDescription
SCI Engineered Materials, Inc. ("SCI") (SCIA:OTCQB), today announced the Company will redeem all 24,152 shares of its Convertible Preferred Stock, Series B ("Series B"). The Series B shares were issued through a private placement transaction and there is no public market for the stock. This full redemption includes cash payments of $248,765.60 ($10.30 per share), a 3% premium to the stated value of $10 per share plus unpaid annual dividends of $265,672.00 ($11.00 per share)
Quick answer
SCI Engineered Materials raised an undisclosed amount in a Series B round, dated November 29, 2021. SCI Engineered Materials is based in United States.
- How much did SCI Engineered Materials raise?
- SCI Engineered Materials raised an undisclosed amount in a Series B round on November 29, 2021.
- What does SCI Engineered Materials do?
- SCI Engineered Materials, Inc. operates in the specialty materials sector, focusing on the development and manufacturing of advanced materials for a variety of applications.
- Where is SCI Engineered Materials based and how big is it?
- SCI Engineered Materials is based in United States.
Source: Fundz verified event record.
Who else raised in Electronics and Manufacturing around the same time
Companies in the same sectors as SCI Engineered Materials that raised within 45 days of this round, from Fundz verified event records.
- Hadrian raised $36M on January 7, 2022.
- Sepion Technologies raised $19M on November 18, 2021.
- Interlink Electronics raised $3M (Seed) on November 4, 2021.
- MycoWorks, Inc. raised $125M (Series C) on January 13, 2022.
- Novo Tellus raised $111M (Funding Round) on January 13, 2022.
- Virago Spirits, LLC raised $50K (Seed) on January 13, 2022.
Who to call at SCI Engineered Materials, and when
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Funding Insights
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