On March 22, 2024, Bitcoin Well Inc., closed the transaction. The company issued 13,352,797 units at a price of CAD 0.175 per unit for aggregate gross proceeds of CAD 2,336,740. Each warrant entitles the holder thereof to purchase one common share at a price of CAD 0.275 per share, subject to adjustment in certain events, at any time until March 22, 2027. As a part of the transaction, the company paid a cash commission of CAD 156,556, non-transferrable compensation options of the company exercisable at any time prior to March 22, 2027 to acquire up to 894,603 units of the company at a price equal to the issue price, subject to adjustment in certain events; and 428,571 units of the company. The offering remains subject to the final acceptance of the TSXV.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from 105 placees, 2 existing insiders for 114,100 units and 12 pro groups for 936,500 units.