Teamshares Raises $222.8M Through Series A Preferred Stock With 16% Cash Dividend

Teamshares entered into a Preferred Stock Purchase Agreement to issue 225,000 shares of Series A Preferred Stock at $990 per share, raising $222.75 million. The perpetual, non-voting, non-convertible preferred carries a $1,000 liquidation preference and accrues dividends at 16.0% in cash or 18.0% i…