On June 30, 2021, Fobi Ai Inc. closed the transaction. The company has issued 5,935,000 units at a price of CAD 1.25 per unit for gross proceeds of CAD 7,418,750 in the transaction. The transaction included participation from Rob Anson, Chief Executive Officer of the company for 280,000 units for proceeds of CAD 350,000. Each warrant is exercisable at CAD 1.60 per share until June 30, 2023. All securities issued are subject to hold period expiring on October 31, 2021. The transaction included participation from 40 investors including six pro group investors for 46,000 shares.