On July 15, 2024, ReGen III Corp. closed the transaction. The company has issued 300 Convertible Debenture Units at a price of CAD 1,000 per unit for aggregate gross proceeds of CAD 300,000 in its second and final tranche closing.

The company has now issued total 1,075 Convertible Debenture Units at a price of CAD 1,000 per unit for total gross proceeds of CAD 1,075,000 in the transaction. The Debentures and Warrants issued in this final tranche and any underlying common shares are subject to a hold period expiring on November 16, 2024. A director of the company acquired ownership or control over an additional 100 units in the final tranche, the underlying debenture and warrants which if immediately converted and exercised respectively as of closing would result in the issue of 281,818 common shares representing approximately 0.238% of the then issued and outstanding common shares.