On April 28, 2023, Progressive Planet Solutions Inc. closed the transaction. The company issued 5,000,000 units for the gross proceeds of CAD 1,250,000. The company paid finder's fees of CAD 28,075 and issued 224,600 broker warrants in conjunction with the transaction. Each broker warrant is exercisable at CAD 0.25 per share for a period of one year. The transaction included participation from insiders of the company, including the CEO, the chief financial officer and its largest shareholder, each invested for 600,000 units for a total of CAD 450,000. The transaction was oversubscribed.

On May 12, 2023, the company announced TSX Venture Exchange has accepted for filing documentation with respect to transaction.