Caring Brands completes USD 4.6 million private placement of Series B preferred stock

Caring Brands completed an initial private placement closing on Sept. 1, 2026, raising gross proceeds of $4.6 million.

• The company issued 4,600 shares of Series B Convertible Preferred Stock at $1,000 per share, with Series A and Series B warrants.
• The preferred shares initially convert into 6,571,428 common shares at $0.7 per share; the warrants cover up to 9,200,000 common shares.
• Additional $4.4 million of subscriptions have been signed, and issuance of 4,400 preferred shares with matching warrants is expected by Sept. 4, 2026.
• Proceeds are earmarked for working capital and general corporate purposes.