On August 12, 2019, Rezolute, Inc. (OTCPK:RZLT) closed the transaction. The company has amended the terms of the transaction. The company entered into a stock purchase agreement with an accredited investor and issued additional 13,103,448 common shares for gross proceeds of $3,799,999.92 in the second tranche of the transaction.

The company has issued 82,931,034 common shares for gross proceeds of $24,049,999.86 in the transaction.