On October 11, 2022, CVW CleanTech Inc. closed the transaction. Each warrant entitles the holder to acquire one common share until October 7, 2026. The common shares and warrants issued pursuant to the transaction will be subject to a four month hold period expiring on February 8, 2023.

The transaction will include participation from Chief Executive Officer, Akshay Dubey for 208,334 units. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction will include participation from 40 placees including existing insider involvement of one placee for 208,334 shares.