On February 27, 2024, Datametrex AI Limited closed the transaction. In connection with the Private Placement, the company paid cash finder's fees of CAD 3,200 and issued 160,000 broker warrants on gross proceeds raised by eligible arm's length parties. Insiders of the company have participated in the Private Placement by subscribing for 5,250,000 units. The closing of the Private Placement is subject to certain standard conditions including, but not limited to, the approval of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 11 placees and 3 existing insiders for 5,250,000 units.