On September 25, 2023, RDARS Inc. closed the transaction. The debentures will mature September 22, 2023. The conversion price will be subject to customary adjustments in certain events.

The company will have the right to prepay or redeem a part or the entire amount of the debentures plus any accrued and unpaid interest at any time. The debentures shall bear interest at a rate of 8.5% per annum from the closing date, paid monthly in cash on the first business day of each calendar month. Any accrued but unpaid interest is convertible into shares, at the option of the holder at the conversion price at any time following the closing date.

The debentures are secured by way of a general security agreement in favor of the holder of debentures, granting a security interest in substantially all of the company's assets. All of the securities issued pursuant to this transaction are subject to a statutory hold period of four months and one day from the closing date of the financing.