Rothy's, Inc. announced that it will issue 9,071,635 series B preferred stock at a price of $52.17919 per share for gross proceeds of $473,350,566.27565 on December 20, 2021. The equity round of funding from new investor Alpargatas S.A.. Under the terms of the agreement, the new investor will acquire 49.9% of Rothy's in a two-step transaction. This will include an investment of $200,000,000 in primary capital followed by an offering to acquire approximately $275,000,000 of company's shares from current stockholders. The shares carry non-cumulative fixed dividend rate of 6% per share. The shares are non-redeemable. The shares will be convertible into common shares at a fixed conversion price of $52.17919 per share. The round will be raised at a post-investment valuation of $1,188,154,229.