On January 26, 2022, Blue Biofuels, Inc. closed the transaction. The company amended the terms of the transaction. The company has now received $2,100,000 in the transaction.

The company has received $877,500 in its second and final tranche closing. The transaction included participation from one accredited investor and 43 non-accredited investors. The company has paid $15,500 as finders fees in the transaction.