On November 10, 2022, Acceleware Ltd. closed the transaction. The company has issued 6,666,667 units at a price of CAD 0.27 per unit for gross proceeds of CAD 1,800,000. The transaction included participation from insiders of the company for 154,249 units. The company paid no finders' fees or commissions in the transaction. Each warrant entitles the holder of the warrant to acquire one common share, at an exercise price of CAD 0.36, for a period ending on November 10, 2024.

The company has accepted filing documentation with respect to the transaction. The transaction included participation from 22 placees including existing 5 insider involvement for 154,249 shares.