On October 25, 2021, Lendified Holdings Inc. closed the transaction. The company has issued 6,000,000 units for gross proceeds of CAD 300,000 in the transaction. The company paid an aggregate of CAD 15,000 and issued 420,000 compensation options to finders. All of the securities issued are subject to a hold period expiring four months and one day after the date of issuance. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 15 placees, a pro group for 400,000 units. The company paid Echelon Wealth Partners a cash commission of CAD 15,000 and 420,000 broker warrants. Each broker warrant entitles its holder to acquire one unit of the company at a price of five cents per unit for a 24-month period.