On February 20, 2024, Ascend Elements, Inc. closed the transaction. The company has amended the terms of the transaction. The company has issued 15,212,240 series D preferred shares at an issue price of $10.649318 per share for the gross proceeds of $161,999,991 in its second and final tranche.

The company has received $622,092,285 in the transaction. The transaction included participation from new investors Just Climate LLP,Irongrey Co., Ltd. and Clearvision Ventures Management, LLC.