General Enterprise Ventures Inc. entered into Securities Purchase Agreements with certain investors for a private placement, issuing 193,967 shares of Series C Convertible Preferred Stock for a total purchase price of $2,909,515. Each share is convertible into 3.3333 shares of common stock. Additionally, the investors received warrants to purchase up to 323,276 shares of common stock. The offering price was $15.00 per share of Series C Preferred Stock and accompanying warrant. Univest Securities, LLC acted as the placement agent in the transaction.
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