On May 8, 2024, HYSATA PTY LTD closed the transaction. The company amended the terms of the deal and raised AUD 172 million in the transaction. The transaction was co-led by new investors BP Ventures Limited, and Templewater Limited for AUD 15.2 million each.

The transaction included participation from new investors, BlueScope X Pty Ltd, POSCO Holdings Inc., POSCO Eco & Challenge Co., Ltd., IMM Investment Hong Kong, Shinhan Financial Group Co., Ltd., Twin Towers Ventures, IDO Investments, Telstra Super Pty Ltd., returning investors include Kiko Ventures, IP2IPO Australia Pty. Ltd., Clean Energy Finance Corporation, Virescent Ventures, Vestas Ventures, Host-Plus Pty. Limited.