On March 24, 2022, Spine BioPharma, LLC closed the transaction. The company has issued 2,141,680 shares for gross proceeds of $12,999,998 in the transaction. The transaction including participation from existing investors, Viscogliosi Brothers LLC, Cercano Management LLC, Pacira BioSciences, Inc. and others.

The company has received $12,999,991 in pursuant to exemption provided under Regulation D from 6 investors. The round is raised at a post money valuation of $62,401,087.