On June 15, 2023, Nextgen Food Robotics Corp closed the transaction. The company issued 3,515,000 units at a price of CAD 0.31 per Unit, for gross proceeds of CAD 1,089,650. The company paid a cash fee of CAD 64,439 and issued a total of 207,050 non-transferable finder warrants to certain finders. Each Finder Warrant entitles the holder thereof to purchase one Share at a price of CAD 0.40 for a period of 12 months from the date of issuance. The securities will be subject to a four month hold period.


On June 23, 2023, the company announced a correction regarding the finder's fees that rather than the CAD 64,439 and 207,050 finders' warrants, the company paid CAD 64,340 was paid in cash, and a total of 207,550 finders' warrants were issued to certain finders in connection with the private placement. The company has signed an extension agreement for marketing services with Financial Star News Inc. Pursuant to the company's agreement with Financial Star News, the services will commence immediately and are expected to last for a period of 60 days. The company will pay a fee of CAD 500,000 for the extension.