On December 23, 2022, Hire Technologies Inc. closed the transaction. The company announced that it has issued 16,667,000 shares for gross proceeds of CAD 500,010.01 in its first tranche. A director and an affiliate of a director subscribed for 1,400,333 shares in the first tranche.

The company paid finders' fees worth CAD 26,400 to Canaccord Genuity Corp. and CAD 6,240 to Clarus Securities Inc. The issuance of shares is subject to final acceptance by TSX Venture Exchange. The company will not be closing additional tranches in the transaction.