On July 28, 2023, Legible Inc. closed the transaction. The company raised CAD 2,371,383 in the transaction. The company issued 11,111,111 units at CAD 0.09 per unit for gross proceeds of CAD 1,000,000.

Each unit consists of one common share and one whole common share purchase warrant with each warrant entitling the holder to acquire 1 common share at a price of CAD 0.12, on the date that is one year from the closing date. There were finders? fees paid to qualified individuals in the amount of CAD 64,960 in cash and 721,778 in warrants with respect to the closing of the final tranche of the private placement.