On September 11, 2023, Blender Bites Limited closed the transaction. The company announced that it has issued 276,867 units at an issue price of CAD 3 per unit for the gross proceeds of CAD 830,601. The Company anticipates closing further tranches on or before October 8, 2023. The company paid the finders in cash for CAD 29,442 and 9,814 share purchase warrants. Each Broker Warrant entitles the holder thereof to purchase one additional Share of the Company for a period of five years from closing at a price of CAD 3.30 per Broker Warrant Share. In addition, the Company issued 5,537 Shares to Amalfi Corporate Services Ltd.

On September 25, 2023, the company anticipates closing a further tranche of the private placement on or before October 20, 2023.