On May 7, 2024, TXOne Networks Inc. closed the transaction. The company amended the transaction. The company has received $51 million in its second and final tranche, bringing a total of $121 million.

The transaction led by new investor, TGVest Capital, included participation from new investors, Taiwania Capital Management Corporation, Applied Ventures Itic Innovation Fund Gp, LLC, a fund co managed by Industrial Technology Investment Corporation, and Applied Ventures, LLC,