On April 6, 2026, Northstar Clean Technologies Inc. closed the transaction. The company closed the second and final tranche of the transaction for gross proceeds of $1,000,000. In connection with closing of Tranche 2, the company paid finder's fees to arm's length third parties, satisfied through the issuance of approximately 411,450 common shares.
The convertible debentures are not prepayable for 12 months following the date of issuance except with the prior written consent of the holder. The convertible debentures, finder's fee common shares and any common shares issuable upon conversion of principal are subject to a statutory hold period of four months and one day from the date of issuance, expiring on August 3, 2026.
