On December 5, 2023, Virtual Mind Holding Company Limited closed the transaction. The company amended the terms of the transaction and issued 110,862,000 shares at a price of HKD 0.10 per share for the gross proceeds of CAD 11,086,200. The net proceeds from the Placing after deducting the placing commission for the placing are approximately HKD 10.9 million and the net price raised per placing share upon the completion of the placing is approximately HKD 0.098 per placing share.