On December 22, 2023, Volt Carbon Technologies Inc closed the transaction. The company has amended the terms of the transaction. The company has issued 11,510,000 units at an issue price CAD 0.09 per unit for the gross proceeds of CAD 1,035,900.

In connection with the closing of the Offering, the Company paid a cash finder's fee to Bellotti Capital and EMD Financial Inc. in an aggregate amount of CAD 91,611, which represents 9% of the aggregate gross proceeds received from subscribers for Units sold to subscribers pursuant to the Offering as a result of the efforts of the Finders. The Finders were also issued an aggregate of 1,017,900 warrants equal to 9% of the number of Units sold to subscribers pursuant to the Offering as a result of the efforts of the Finder. The transaction included participation from five placees.