On June 26, 2023, Three Sixty Solar Ltd. closed the transaction. The company issued 2,524,587 Units for aggregate gross proceeds of CAD 1,514,752.20 in the transaction. The company issued 521,334 units for gross proceeds of CAD 312,800.40 in LIFE offering and 287,700 units for gross proceeds of CAD 172,620 in Concurrent Offering.

The Company paid an aggregate cash commission of CAD 26,657.40 and issued 44,100 non-transferable broker warrants to certain finders. Each Broker Warrant is exercisable for one Share at the exercise price of CAD 0.60 until June 9, 2028, and is subject to a statutory hold period until October 10, 2023.