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What is Teespring’S Series 1 Prime preferred stock price?

Shares purchased by investors in Teespring’s Series A and Series B rounds are being consolidated into Series 1 Prime Preferred Stock, now priced at $84.375 per share. The $5 million Series 1 round is being raised through the sale of 5 million shares of Series 1 Preferred Stock at a price of $1.00 per share.

What happened to Teespring’s common stock?

In addition to the two tiers of Preferred shares, Teespring is also issuing 11,000,000 shares of Series 1 Common Stock at a par value of $0.001 per share. Virtually all financial value attached to Common Stock has been lost. A number of sources have expressed disappointment and frustration regarding this fact.

What is Teespring?

Colorful triangles! Teespring is the free and easy way to bring your ideas to life. Design your shirt, set a price, add a goal and start selling. Teespring handles the rest - production, shipping, and customer service - and you keep the profit! Get started now!

Is Teespring raising $5 million?

Crunchbase News has confirmed reporting by Wall Street Journal and Pitchbook data that Teespring is raising a $5 million “Series 1” financing. The company has closed $4.3 million from a number of investors, including Khosla Ventures and 9Point Ventures.


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