On April 5, 2023, Jasper Commerce Inc. closed the transaction. The company has amended the terms of the transaction. The company has received CAD 263,500 in its second and final tranche, bringing the total funds raised in the transaction to CAD 900,000.

The transaction included participation from participation from 22 placees including three existing insiders for CAD 235,000 and three pro groups involvement for CAD 30,000. The finders warrants are exercisable to common shares at an exercise price of CAD 0.05 until February 15, 2025. The convertible debentures, warrants and any common shares resulting from the conversion of the convertible debentures, or the exercise of the warrants will be subject to a hold period of four months and one day after the date of issuance thereof.

The offering, including the terms of the convertible debentures, received the conditional approval of the TSX Venture Exchange prior to closing but is subject to the final approval of the Exchange.