On February 1, 2019, Aquesta Financial Holdings, Inc. closed the transaction. The company issued common shares and convertible perpetual preferred stock for gross proceeds of $15,000,600. The transaction involved participation from new investor Castle Creek Capital LLC. The common shares were issued at $11.5 per share and for proceeds of $14,100,000. The company announced that Castle Creek Capital Partners VII, LP, a fund managed by Castle Creek Capital LLC also received a warrant for 150,000 of its shares exercisable at a price of $11.50 per share, in whole or in part and at any time or from time to time, during the next seven years. Post closing of the transaction, the investor holds 9.9% stake in the company. The company will receive $200,000 from the board of directors of the company.