On June 26, 2019, Andover National Corporation (OTCPK:AANC) closed the transaction. The company amended the terms of the transaction. The company entered into a subscription agreement with six additional investors for 310,000 shares and received $3,100,000 in its third tranche. The company has issued 1,437,100 shares and received gross proceeds of $14,371,000 in the transaction.