On August 31, 2021, Blender Bites Limited closed the transaction. The company amended the terms of the transaction. The company issued 3,884,500 subscription receipts for proceeds of CAD 3,884,500 in the transaction. The round was oversubscribed. Each receipt will be converted into one common share of the company and one-half-of-one common share purchase warrant of the company, with each warrant entitling the holder thereof to purchase one additional common share of the company at a price of CAD 2 per share until August 31, 2023. All securities issued are subject to a statutory hold period expiring on January 1, 2022.