On May 11, 2020, Resa Group Limited (ASX:RE1) closed the transaction. The company issued 35,000,000 shares to receive AUD 700,000 in its second and final tranche. As part of the transaction, 5,000,000 shares were issued with 5,000,000 options to existing investors. The options were issued with an exercise price of AUD 0.05 per share and each option will be exercisable in the two-week period following the release of the company’s half-year and full-year results. The options will expire two weeks after the issue of the company’s FY25 full-year results, i.e., November 30, 2025.