In January 2020, Avidity Biosciences, Inc. closed the transaction. The company has amended the terms and issued 18,452,757 series C convertible preferred shares for gross proceeds of $78,999,943.2684 in the transaction. The company has issued 537,232 series C convertible preferred shares for gross proceeds of $2,299,997.6384 in its second tranche.

The company has paid $100,000 as issue expenses in second tranche.