On March 27, 2023, DeepSpatial Inc. closed the transaction. The terms of the deal has been amended. The company received CAD 102,750 in its second tranche. The debentures will bear interest at 10 per cent per annum from the date of issuance, payable upon the earlier of the maturity date or the date of any conversion thereof. The debentures will mature on the date that is two years from the date of issuance. Until the maturity date, the holders of the outstanding debentures may convert the principal into units of the company at a conversion price of 15 cents per unit, with each unit consisting of one common share in the capital of the company and one-half of one share purchase warrant, with each warrant exercisable into one share at a price of 30 cents per warrant share for a period of two years from the date of the closing. All securities issued in connection with the final tranche will be subject to a hold period expiring July 25, 2023.