On March 2, 2023, HS GovTech Solutions Inc. closed the transaction. The company has issued 1,044,424 units at an issue price of CAD 0.37 per unit for gross proceeds of CAD 386,436.88 in the transaction. The transaction included participation from Silas Garrison, a director and chief executive officer of the company for 68,000 units, for proceeds of CAD 25,160.

The company issued securities for CAD 45,091.68 from 6 investors pursuant to exemption provided under Regulation D. The transaction was non-brokered.