On July 6, 2023, VERSES AI Inc. closed the transaction. The company announced that it has amended the terms of the transaction. The company will issue 6,612,849 special warrants at an issue price of CAD 2.05 per share for gross proceeds of CAD 13,556,340.45 in the transaction.

The company has received CAD 205,000 from 8 investors pursuant to exemption provided under Regulation D.