On January 14, 2022, Skychain Technologies Inc. closed the transaction. The company issued 2,757,475 common shares for gross proceeds of CAD 1,158,140. The transaction included participation from 13 investors including insiders of the company Don Gordon, Chief Financial Officer and Director of the company, for 35,000 shares, Hui Xia for 71,429 shares, and Ningtoa (Bill) Zhang for 104,166 shares.

The company has received acceptance of TSX Venture Exchange for filing documentation with respect to the transaction.