Northwire Canada EditionMonday, August 3, 2026
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Financings

Elevate Service Group Closes $9.1 Million Upsized Equity Offering to Advance National Expansion of Its Integrated Facility Services Platform

AIMF · Price

Executive Summary

  • AIM6 Ventures Inc. announced the second and final closing of Elevate’s upsized brokered private placement, issuing 1,150,000 subscription receipts at $1.00 each for gross proceeds of $1,150,000.
  • Combined with the first tranche ($7,938,000), total gross proceeds now equal $9,088,000—well above the original $5 million target.
  • The private placement is tied to a proposed business combination that will rename AIM6 as Elevate Service Group Inc., list on the TSXV under “SERV,” and is expected to close around November 10, 2025.

Key Details

  • Private Placement Size: 1,150,000 subscription receipts at $1.00 per receipt → $1,150,000 gross proceeds (second tranche).
  • Total Raised to Date: First tranche $7,938,000 + second tranche $1,150,000 = $9,088,000 total gross proceeds.
  • Investor Participation: Directors, officers, insiders and affiliated investors subscribed for approximately $4,525,000 of the placement.
  • Lead Agents: Beacon Securities Limited (lead) with a syndicate including Richardson Wealth Limited and Ventum Financial Corp.
  • Commission to Agents: Cash commission of $38,000, partially escrowed pending satisfaction/waiver of conditions precedent.
  • Compensation Options to Agents: 38,000 options granting the right to purchase one common share at $1.00 per share for two years after release conditions are met; these will be exchanged for equivalent options in the Resulting Issuer upon closing.
  • Business Combination (Transaction): Upon completion, AIM6 will merge with Elevate and be renamed Elevate Service Group Inc., trading on TSXV as “SERV” (Tier 1 Industrial Issuer).
  • Post‑Closing Share Structure: Approximately 32.6 million common shares outstanding; ~25 million (77%) subject to a one‑year voluntary lock‑up/escrow.
  • Expected Closing Date: On or about November 10, 2025.
  • Management Quotes:
  • Paul Bissett (proposed CEO) highlighted strong investor response and the strategy of building a scalable, profitable platform.
  • Romeo Di Battista Jr. (proposed Chairman & CEO of Westmount Park Investments) emphasized family‑office investment and alignment with shareholders.

Notable Quotes

  • “This strong response – including significant insider participation – underscores the support for Elevate’s strategy,” – Paul Bissett, proposed Chief Executive Officer.
  • “Our family office has made a significant investment alongside management and insiders, underscoring our conviction in Elevate’s long‑term strategy,” – Romeo Di Battista Jr., proposed Chairman of the Resulting Issuer.
Read the original news release →

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