On February 23, 2024, Sage Geosystems Inc. closed the transaction. The company received $41,157,629 total gross proceeds in the transaction. The transaction was led by new investor Chesapeake Energy Corporation, and included participation from new investor, Helium-3 Ventures Management Company, LLC, returning investors, Ignis H2 Energy Inc., Virya, LLC, Nabors Industries Ltd. and individual investor, Arch Meredith.

The transaction included participation from six investors pursuant to Regulation D.