On May 6, 2022, CVR Medical Corp. closed the transaction. The company has issued 2,005,334 units at a price CAD 0.03 per unit for gross proceeds of CAD 60,160. The transaction included participation from director and senior officer of the company.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 2 placees and insiders such as Darren Day for 1,066,667 and Joseph A. Lynch for 938,667 shares.