On May 3, 2023, Nanalysis Scientific Corp. closed the transaction. The company issued 3,142,500 units at a price of CAD 0.60 per unit for the gross proceeds of CAD 1,885,50 in its final tranche for the aggregate gross proceeds of CAD 4,128,700.

The transaction included participation from directors and insiders. The company has paid CAD 45,640 as finders fees in connection with second tranche. The transaction included 36 placees and five insiders group.