On July 15, 2024, Halo Industries, Inc. closed the transaction. The company received $47,500,012 in its second and final tranche, bringing the total funds raised to $80,000,000. The round was led by new investor US Innovative Technology Capital Management, LLC.

The transaction included participation from 9 investors pursuant to exemption provided under Regulation D including new investors 8VC, Science Applications International Corporation. This funding round was over-subscribed.