On February 16, 2024, INEO Tech Corp., closed the transaction. The company has raised CAD 60,000 in its second and final tranche closing. As a part of the transaction, the company paid CAD 4,800 in its second and final tranche closing and 56,470 warrants as finder warrants.

The debentures and finders' warrants issued pursuant to the offering are subject to a hold period of four months and one day from the issuance date in accordance with applicable securities laws. One Insider of the Company participated in the offering. Completion of the offering is subject to the satisfaction of customary closing conditions, including the final approval of the TSX Venture Exchange.

The transaction included participation from 16 placees with 1,247,058 participation from one insider and for 1,652,939 from three pro groups.