On February 12, 2021, Spectra7 Microsystems Inc. (TSXV:SEV) closed the transaction. The company amended the terms of the transaction. The company will now issue 152,009,633 units for the gross proceeds of CAD 4,560,288.99 in the transaction. The company issued 37,995,866 units for gross proceeds of CAD 1,139,875.98 in its second tranche. The tranche included participation from insiders fir CAD 96,475. The transaction included participation from Ron Pasek for 13,388,500 units, Roger Maggs for 1,062,583 units, John Vettese for 2,152,250 units, Canaccord Genuity Corp., Graham Saunders for 2,500,000 units, RF Securities Clearing LP, Brad Conacher for 500,000 units, RF Securities Clearing LP, Joel Winkler for 600,000 units. the company paid finders fees of CAD 4,500 in cash to Canaccord Genuity Corp., and CAD 9,204 to RGMP, 310,000 shares and 155,000 warrants to Lawrence Rhee. The company paid 280,000 units to finders in the transaction. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.