On November 24, 2023, First Hydrogen Corp. closed the transaction. The company raised CAD 2,673,800 in the transaction.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation seven placees and the company has paid the finders fees of CAD 213,904 in cash and 147,520 warrants. Each warrant entitles the holder to purchase one common share at the price of CAD 1.45 per warrant for period of two years from the date of issuance.