On July 15, 2022, PowerBand Solutions Inc. closed the transaction. The company issued 17,316,801 units in its second and final tranche. The transaction involved participation from Jpk Capital Holdings (Barbados) Inc for 15,220,301 units, and Insurance Corporation of Barbados Limited for 2,096,500 units.

Joe Poulin participated through Jpk Capital Holdings (Barbados) Inc, and Insurance Corporation of Barbados Limited in the transaction.