On May 30, 2023, Gratomic Inc. closed the transaction. The company raised issued 1,515,000 working capital units for gross proceeds of CAD 454,500 in its sixth and final tranche for aggregate gross proceeds of CAD 4,602,689. Each unit consists of one Common Share and one Common Share purchase warrant. Each warrant entitles the holder to purchase one Common Share at a price of CAD 0.45 per warrant share until between May 26 and May 29, 2025. A finder's fee of CAD 16,800 was paid to an eligible intermediary and 56,000 broker warrants were issued. The securities issued on this closing of the Offering are subject to a hold periods expiring between September 27 and September 30, 2023.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 63 placees including existing insider involvement of three insiders for 2,820,161. The company paid the finder's fees of CAD 48,030 in cash and 160,099 warrants. Each warrant entitles the holder to purchase one common share at the price of CAD 0.45 for period of two years from the date of issuance.