Antora Energy, Inc. announced that it expects to receive $170.399992 million in funding from a group of investors

Antora Energy, Inc. announced that it will issue 31,168,183 series B preferred shares at a price of $4.8126 per share for gross proceeds of $149,999,997.51, and 7,707,127 series B-1 preferred shares at a price of $2.6469 per share for gross proceeds of $20,399,994.46, for aggregate gross proceeds of $170,399,991.96 on January 18, 2024. The shares are non-redeemable. The series B shares, and series B-1 shares will be convertible into common shares at a fixed conversion price of $4.8126, and $2.6469 per share respectively.

The shares are non redeemable.