On April 4, 2024, Biolinq Incorporated closed the transaction. The company has received $58,000,000 in the transaction. As of the same date, the company has received 4,250,385 in its third and final tranche.

The transaction was led by returning investor, Alpha Wave Global, LP, and included participation from returning investors, RiverVest Venture Management LLC, AXA Investment Managers Alternatives, Global Health Investment Corporation, Aphelion Capital, LLC, Senvest Capital Inc., Taisho Pharmaceutical Holdings Co., Ltd., and Features Capital. The transaction included participation from 42 investors pursuant to exemption provided under Regulation D.