On November 4, 2022, FingerMotion, Inc. closed the transaction. The company issued an aggregate of 1,887,500 shares of common stock at a price of $4 per share for aggregate gross proceeds of $7,550,000. The company received $7,516,000 in its second and final tranche.

The transaction included participation from eleven individuals. The company issued 91,875 shares of common stock at a price of $4.00 per share for $367,500 to one individual and $10,000 to another individual as finder's fees.