On January 11, 2023, Xpansiv Limited closed the transaction. The company amended the terms of the transaction and issued common shares for proceeds of $125,000,000 in second tranche closing led by Blackstone Energy Partners L.P., a fund managed by Blackstone Inc. The funding is raised at a post-money valuation of $2,000,000,000. The transaction included participation from new investors Bank of America Corporation, West Street Capital Partners, returning investor Aware Super Pty Ltd and other investors