On January 15, 2021, Cypherpunk Holdings Inc. (CNSX:HODL) closed the transaction. The company issued 19,867,470 units for gross proceeds of CAD 2,980,120. Each warrant entitles the holder to purchase one additional common share at an exercise price of CAD 0.25 until January 15, 2023. The transaction included participation from insiders of the company including Antanas Tony Guoga for 1,811,667 units, Blaise Yerly for 250,000 units, and Marc Henderson for 500,000 units. In connection with the transaction, certain eligible finders received cash commissions in the aggregate amount of CAD 17,550. All securities issued in connection with the transaction will be subject to a hold period of four months plus a day from the date of issuance. This transaction is approved by the board of directors of the company and is subject to final approval of the Canadian securities exchange. The transaction was oversubscribed. The company raised CAD 427,767.6153 pursuant to exemption provided under Regulation D from 7 investors.