On may 12, 2023, Sealonix, Inc. closed the transaction. The company amended the term of the transaction and has now received $20,000,000 in a round of funding led by new investor Excelestar Ventures. The transaction also included participation from new investors Sparta Capital Ltd., Tie-Boston, Inc., AMED Ventures, J2 Ventures, Iyengar Capital Partners HHP Holdings, LLC.

The company raised $19,569,992 pursuant to exemption provided under Regulation D from 26 investors.