On January 6, 2016, NanoFlex Power Corporation closed the transaction. The company announced that it completed the fifth tranche of the transaction. The company received $1,375,000 as loan in the tranche.

The company issued a promissory note for proceeds of $1,375,000 and 2,750,000 warrants exercisable at price of $0.50 per share in exchange for the loan. The company issued 5 promissory notes at $400,000 per note and 4,000,000 warrants in the transaction for gross proceeds of $2,000,000.