On February 22, 2024, dynaCERT Inc. closed the transaction. The company has issued 10,298,446 units at a price of CAD 0.15 per unit for gross proceeds of CAD 1,544,767 in its third and final tranche closing. The company has now issued 36,000,001 units for total gross proceeds of CAD 5,400,000.15 including all 3 tranches in the transaction.

In connection with this closing, an aggregate of 24,983 compensation warrants have been issued, each being exercisable into one Unit at an exercise price of CAD 0.18 per Unit for a period of twenty-four months after closing. A cash commission of 5% (CAD 270,000.0075) has also been paid in respect of such subscriptions. Subject to applicable securities regulation, the company may pay finders fees consisting of up to 5% cash and 5% compensation warrants in connection with the Offering.

All of the securities issued under this closing are subject to a statutory hold period of four months and one day that will expire on June 23, 2024. Insiders purchased an aggregate of CAD 183,650.00 or 1,224,333 Units under this closing.