On January 13, 2022, Gelesis, Inc. closed the transaction. The company issued 9,744,217 shares for gross proceeds of $97,442,170. 744,217 shares were issued to backstop purchasers PureTech Health LLC and SSD2 LLC.

As part of the round, investors acquired 13.5% stake in the company. The company incurred expensed of $1,763,000 in the transaction.