On January 19, 2024, Alpha Cognition Inc., closed the transaction. Pursuant to the final closing, the Company issued 16,965,762
units of the Company at a price of $0.22 per unit for gross proceeds of $3,732,467. In connection with the final closing, Spartan Capital Securities, LLC received cash compensation of $342,320 and was issued 1,037,330 compensation warrants of the Company, which may be exercised on the same terms as the private placement warrants. The Company also paid a consulting fee of $320,000 and issued 14,558,285 common shares to Spartan pursuant to a consulting agreement. The Company also paid to certain finders aggregate cash commission of $48,858, being 6% of the gross proceeds raised under the offering from investors introduced to the Company by such finders.