On January 17, 2024, Geothermic Solution LLC closed the transaction. The company has issued 6,271,632 series A preferred shares at an issue price of $1.59448 per share for gross proceeds of $9,999,991.79136 in its second tranche. The round of funding led by new investor, Constellation Technology Ventures, LLC.

The transaction included participation from new investors, BlueScope X Pty Ltd, Thin Line Capital, and as well as individual inside investors. The company has received funding from 10 investors pursuant to exemption provided under Regulation D. The company raised $23,999,992 in the transaction.