On July 22, 2021, H2U Technologies Inc. closed the transaction. The company issued 4,375,000 shares for gross proceeds of $7,000,000 co-led by Jericho Energy Ventures Inc., Dolby Family Ventures, L.P., Hess Corporation and Motus Ventures. The transaction also included participation from Freeflow Venture Builders and VoLo Earth Ventures. As a part of the transaction, Jericho Energy Ventures Inc. has invested $1,500,000 and all the investors will have board representation in the company. The transaction was oversubscribed.