On May 25, 2023, DATA Communications Management Corp. closed the transaction. The company amended the terms of the transaction.

The company issued 8,707,200 common shares at a price per share of CAD 3.00 for gross proceeds of CAD 26,121,600 included partial over allotment of 373,867 shares. Insiders of DCM, including senior members of the company?s leadership team, subscribed for CAD 400,000 of the offering. The common shares issued under the offering will be subject to a hold period expiring four months and one day after closing.