On February 3, 2023, ATI Airtest Technologies Inc. closed the transaction. The company has received CAD 801,000 in the transaction. The company has issued 40,200,000 units at a price of CAD 0.01 per unit for gross proceeds of CAD 402,000 in its second tranche.

The transaction included participation from 25 placees including 2 insider investors. As part of the transaction, the company issued 2,000,000 units for CAD 20,000 in pursuant to regulation D with participation from single investor. The Acquiror acquired, RBM Holdings Ltd, a company wholly owned and controlled by the Acquiror, ownership of an aggregate of 12,600,000 Units of the Company through a private placement transaction at price of CAD 0.01 per Unit for aggregate purchase price of CAD 126,000.

The Acquiror was issued 12,600,000 Common Shares in connection with the Transaction. Combined with the 14,700,000 Common Shares the Acquiror owned and controlled directly and indirectly prior to the Transaction, the total resulting 27,300,000 Common Shares represented 12.26% of the Common Shares of the Company based on 222,672,582 Common Shares issued and outstanding on a non-diluted basis.