On February 28, 2022, Ostrom Climate Solutions Inc. closed the transaction. The company has issued 15,383,460 units for gross proceeds of CAD 999,925 in the transaction. The transaction included participation from 11 placees including Guy O'Loughnane for 5,076,923 units for CAD 330,000 and will hold 11.7% on a undiluted basis, Alexander Zang and Forest Finance Services GmbH for CAD 500,000.

The company did not pay any finder's fee with respect to the transaction. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.