On June 10, 2020, CounterPath Corporation (TSX:PATH) closed the transaction. The transaction included participation from existing investors Wesley Clover Corporation and KMB Trac Two Holdings Ltd. each subscribing for an aggregate of 142,451 shares. After the issuance of the shares pursuant to the transaction, KMB Trac Two Holdings Ltd. owned and controlled an aggregate of 1,188,404 shares or 18.6% of the issued and outstanding shares, calculated based on 6,389,484 shares issued and outstanding as at June 10, 2020, in the company. All of the securities issued in transaction will be subject to a hold period expiring on October 11, 2020.