On June 5, 2024, Volt Carbon Technologies Inc., closed the transaction. The company issued 1,359,000 units at a price of CAD 0.07 per unit for the gross proceeds of CAD 95,130 in its second and final tranche closing. The company has raised a total aggregate amount of CAD 338,081.10.

V-Bond Lee, Carmello Marrelli and Glen Nursey, each of whom is an insider of the company purchased or acquired direction and control, directly or indirectly, over a total of 2,052,872 units as part of the offering.