On October 26, 2021, Spectra7 Microsystems Inc. closed the transaction. The company amended the terms of the transaction. The company issued 11,183,990 shares for gross proceeds of CAD 14,762,866.8. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 65 placees and pro group involvement of 7 placees for 405,400 shares and insiders Roger Maggs for 75,757 shares, Christopher Morgan for 500,000 shares, Chief Financial Officer Bonnie Tomei for 40,000 shares, Rob Ballard of Pathfinder Asset Mangement Inc. for 3,787,900 shares. The company has received $3,985,252 (CAD 4,932,242.57) pursuant to Regulation D from 15 investors.