On June 22, 2023, Tenet Fintech Group Inc. closed the transaction.

The company amended the terms of the transaction and issued 4,291,846 units at a price of CAD 0.12 per unit for gross proceeds of CAD 515,021.52 in its second tranche. Each unit consists of one common share and one common share purchase warrant at an exercise price of CAD 0.155 per share any time prior to June 22, 2025, subject to certain terms and conditions. The second tranche offering was conducted through a private placement to a Cayman Segregated Portfolio Company, an Open-Ended Fund, managed by an investment firm headquartered in Hong Kong. The second tranche offering was executed in compliance with the applicable exemptions outlined in OSC Rule 72-503 Distributions Outside Canada. The company is committed to completing the remaining tranches of units in the Offering within a six-month time frame.