On December 31, 2021, Immutable Holdings Inc. closed the transaction. The company also amended the terms of the transaction. The company now issued 5,783,279 units for proceeds of CAD 15,036,525.

The company issued 1,937,125 units as part of its second and final tranche. All of the units issued under the Second Tranche were issued and sold by the Company on a non-brokered basis. All securities issued pursuant to the second tranche are subject to a hold period of four months and one day, expiring on May 1, 2022.

The company has received $4,933,143 (CAD 6,242,399.1522) pursuant to Regulation D from 16 investors.