On December 4, 2023, DeepSpatial Inc. closed the transaction. The company issued 3,060,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 153,000 in the third and final tranche. Each unit consists of one common share and one common share purchase warrant, whereby each warrant entitles the holder to purchase one additional common share for a period of two years from closing at an exercise price of CAD 0.10 per share.

In connection with third tranche, the company has paid CAD 19,700 which was settled by the issuance of units resulting in the issuance of an additional 586,000 units. The company has issued 20,760,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 1,038,000 in the transaction.