On October 30, 2016, PixarBio Corporation (OTCPK:PXRB) closed the transaction. The company has issued 3,593,047 common shares for gross proceeds of $7,186,094 and 3,600,000 warrants. The transaction included participation from 148 investors. The company has received total gross proceeds of $23,386,094; of which $7,186,094 were received in cash and warrants as exercised worth $16,200,000.