On December 26, 2017, Golden State Bancorp (OTCPK:GSBX) closed the transaction. The company announced that it has received $4,653,004 in its oversubscribed second tranche closing. The company issued 384,615 common shares at $13 per share and received $4,999,995 equity capital till date and is expected to close the $5 million debt funding by the end of the year.