General Enterprise Ventures Inc. Raises $6.3 Million in Series C Preferred Stock Private Placement, Backed by Insiders and Institutional Investors
Reuters
Oct 01, 2025
<a href="https://laohu8.com/S/GEVI">General Enterprise Ventures</a> Inc. Raises $6.3 Million in Series C Preferred Stock Private Placement, Backed by Insiders and Institutional Investors
General Enterprise Ventures Inc. (OTC: GEVI) has announced the successful closing of a Series C Preferred Stock financing, raising approximately $6.3 million in gross proceeds. The round saw participation from company insiders, including CEO Ted Ralston, COO Andrew Hotsko, CTO Steve Conboy, and director Wes Bolsen, as well as Bolt Rock Holdings. Each Series C Preferred share was priced at $15.00 and is convertible into 3.333 shares of GEVI common stock. Investors also received 50% warrant coverage, with warrants exercisable at $6.00 per share. The proceeds will be used to support growth initiatives, expand operational capacity, and pursue new market opportunities. Univest Securities LLC served as the exclusive placement agent for the offering.
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