On October 18, 2022, Sysorex, Inc. closed the transaction. The company entered into securities purchase agreement with investors including Bigger Capital and District 2 CF. The company issued 500,000,000 units at a price of $0.001 per unit for gross proceeds of $500,000.

Each unit comprised of one share and a warrant to acquire one share at an exercise price of $0.001 per share, which exercise price will not be subject to adjustment as a result of any forward or reverse split of the common share. The 500,000,000 units consists of 500,000,000 shares, warrant 1 to acquire 500,000,000 shares, and warrant 2 to acquire 500,000,000 shares.