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Dalrada Corporation Enters Into A $3Mm Convertible Debt Funding

PRIVATEFeb 09, 2022

Round Type

Convertible Note

EscondidoEnergyOil And GasRenewable Energy

Description

Dalrada Corporation (OTCQB: DFCO, "Dalrada") (“Company”) announces that as of February 4, 2022, Dalrada Financial Corporation (the “Company”) entered into a securities purchase agreement ("SPA") for issuance and sale of convertible debentures (the “Debentures”) in the aggregate principal amount of $3,000,000. The first Debenture in a principal amount of $2,000,000 was purchased upon the signing of the SPA on February 7, 2022 (the “First Closing”), and the second Debenture in the principal amount of $1,000,000 shall be purchased upon the filing of a registration statement with the U.S. Securities and Exchange Commission registering the resale of the shares of Common Stock underlying the Debenture by the Buyer (the “Second Closing”).

Quick answer

Dalrada raised an undisclosed amount in a Convertible Note round, dated February 9, 2022. Dalrada is based in Escondido, California, United States.

How much did Dalrada raise?
Dalrada raised an undisclosed amount in a Convertible Note round on February 9, 2022.
What does Dalrada do?
Founded in 1982, Dalrada Financial Corporation (OTCQB: DFCO, “Dalrada”) is a publicly-traded company and multi-national conglomerate that focuses on solving complex, multi-disciplinary global challenges in clean energy..
Where is Dalrada based and how big is it?
Dalrada is based in Escondido, California, United States.
Who are the decision-makers at Dalrada?
Fundz holds 1 contact at Dalrada. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Oil And Gas around the same time

Companies in the same sectors as Dalrada that raised within 45 days of this round, from Fundz verified event records.

  • Vulcan Infrastructure & Power Inc. raised $100M (Funding Round) on March 24, 2022.
  • Peabody raised an undisclosed amount (Funding Round) on March 7, 2022.
  • Diversified Energy raised an undisclosed amount (Funding Round) on February 24, 2022.
  • Diversified Energy raised an undisclosed amount (Funding Round) on February 7, 2022.
  • Modern Hydrogen raised $30M (Series B) on February 3, 2022.
  • Project Spin raised $3.8M (Seed) on February 3, 2022.

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Company Information

Company

Dalrada

Location

Escondido, California, United States

About

Founded in 1982, Dalrada Financial Corporation (OTCQB: DFCO, “Dalrada”) is a publicly-traded company and multi-national conglomerate that focuses on solving complex, multi-disciplinary global challenges in clean energy innovation and personalized healthcare solutions. Dalrada operates through two main subsidiaries: Dalrada Climate Technology and Genefic Health.

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