On December 15, 2022, 5B Australia Pty Ltd amended the terms and closed the transaction. The company received gross proceeds of AUD 55 million in the transaction.
On the same date, the company received second and final tranche of AUD 25 million. The transaction was led by new investor BP Ventures Limited. As part of the transaction, Johnathan Stone of BP Ventures Limited will join the company's board of directors.