On December 29, 2022, The Crypto Company closed the transaction. The company amended the terms of the transaction. The company received $100,000 in its second and final tranche, brining the total funding received in the transaction to $1,000,000.

The par value of the note in the second tranche was $125,000 and the discount on the note was $25,000. The face amount of the note in the transaction was $1,125,000.