On August 22, 2023, Legend Power Systems Inc. closed the transaction. The company has issued 1,432,000 units at a price of CAD 0.18 per unit for gross proceeds of CAD 257,760 in its second and final tranche. The company has issued a total of 14,117,113 units for aggregate gross proceeds of CAD 2,541,080 in the transaction. Each unit consisted of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at CAD 0.25 for a period of two years from the date of issuance, subject to an accelerated expiry provision, whereby in the event the daily volume-weighted average trading price of the company's common shares on the TSX Venture Exchange, or such other stock exchange where the majority of the trading volume occurs, exceeds CAD 0.40 for a period of 10 consecutive trading days, at the company's election, the period within which the warrants are exercisable, will be reduced and the holders of the warrants will be entitled to exercise their warrants for a period of 30 days commencing on the day the company provides notice, any outstanding warrants not exercised during the 30 day period will expire. The transaction included participation from 48 investors including five insiders for 1,659,999 units and two pro groups for 350,000 units.

On September 1 2023, the company announced that the transaction has been approved by the TSX Venture Exchange.