On April 18, 2023, CrayoNano AS closed the transaction. The company issued 6,916,626 common shares at a price of NOK 14 per share for gross proceeds of NOK 96,832,764 in the transaction. The transaction included participation from European Innovation Council (EIC) Fund for 4,072,155 common shares for gross proceeds of NOK 57,010,170; returning investor Nordic Technology Group AS for 142,857 common shares for gross proceeds of NOK 1,999,998 and other investors.

Post closing, the company's share capital will be NOK 746,592.74. The company's estimated costs in connection with the transaction is NOK 11,300,000.