On July 26, 2021, Skychain Technologies Inc closed the transaction. The company issued 1,010,628 units for gross proceeds of CAD 768,077.28 in its final tranche. The units are subject to a hold period of four months and one day.

The company has received approval from the TSX Venture Exchange. The company paid finder fees of CAD 120,000 to Leonidas Augustine Ltd. The company has received acceptance of TSX Venture Exchange for filing documentation with respect to the transaction.