On October 20, 2023, Legible Inc. closed the transaction. The company amended the terms of the transaction and issued 6,180,041 units at a price of CAD 0.12 per unit for the gross proceeds of CAD 741,605 which included CAD 128,650 in settlement of outstanding indebtedness. There were finders' fees paid to qualified individuals in the amount of CAD 29,397 in cash and 286,640 in warrants with respect to the closing of the Private Placement.

David Van Seters and Shannon Kaustinen each subscribed for 125,000 units under the private placement. All securities issued in connection with the private placement are subject to a hold period that expires on February 21, 2024.