On April 3, 2024, Carolina Rush Corporation closed the transaction. The company issued 15,020,000 units at an issuer price of CAD 0.20 per unit for the gross proceeds of CAD 3,004,000. The agents exercised their option to sell an additional 1,115,000 units. The transaction included participation from new investor 2176423 Ontario Ltd. for 5,000,000 units. The company will issue securities pursuant to exemption provided under Regulation D. The company paid cash commission of CAD 175,112 and 875,560 broker warrants to Paradigm Capital Inc., CAD 21,889 in cash and 109,445 broker warrants to PI Financial Corp., CAD 21,889 in cash and 109,445 broker warrants to Research Capital Corp. Each broker warrant allows the holder to purchase 1 common share at a price of CAD 0.20 for a period of 2 years following the closing date. The transaction included participation from 2 non accredited investors.

The company announced that it has issued 16,135,000 units in the transaction. The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from 30 placees.