On May 16, 2023, Sunshine Biopharma, Inc. closed the transaction. In connection with the sale of the securities described in Item 1.01, the Company relied upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506(b) of Regulation D promulgated thereunder for transactions not involving a public offering. The company announced that it has paid CAD 599,579 sales commission in the transaction.