AmeriTrust Announces Closing of Second and Final Tranche of Brokered Offering

Executive Summary

• AmeriTrust Financial Technologies Inc. closed the second and final tranche of its brokered offering, raising an additional $3,365,000 in gross proceeds.
• The company issued 2,500 Debenture Units at $1,000 each (including convertible debentures and ~11,765 common share purchase warrants per unit) and 17,300,000 Life Units at $0.05 each.
• John Wimsatt was appointed Chief Investment Officer to lead lease‑origination funding efforts; proceeds will be used to restart lease originations in Q1 2026 and for working capital.

Key Details

• Total Offering Proceeds: $39,552,200 (first tranche $36,187,200 + second tranche $3,365,000).
• Second Tranche Structure:
• Debenture Units: 2,500 units @ $1,000 per unit = $2,500,000 gross proceeds. Each unit contains one senior unsecured $1,000 convertible debenture and ~11,765 common share purchase warrants.
• Life Units: 17,300,000 units @ $0.05 per unit = $865,000 gross proceeds. Conducted under the listed issuer financing exemption (NI 45‑106).
• Use of Proceeds: Fund restart of lease originations in Q1 2026 (both “flow” and “haircut” capital) via a bankruptcy‑remote trust facility; also for general working capital.
• Agent Compensation: Cash commission of $118,250 paid to Clarus Securities Inc. and Cormark Securities Inc.; 865,000 common share purchase warrants issued to agents (exercise price C$0.05, expiry Jan 15 2028).
• Statutory Hold Period: Debenture Units and associated warrants subject to hold until May 16 2026; Life Units not subject to a hold period.
• Leadership Appointment: John Wimsatt appointed Chief Investment Officer (formerly Advisor to Board since Sep 2024, previously CIO at ECN Capital Corp.). Tasked with securing additional lease‑origination funding facilities and securitizing lease contracts.
• Advertising Campaign: Entered into 12‑month investor awareness agreement with Dig Media Inc. dba Investing News Network; $40,000 paid in full; INN holds no AmeriTrust securities.
• Regulatory Status: Offering remains subject to final acceptance by the TSXV.

Notable Quotes

“I would like to thank the many existing shareholders who participated in our financing and welcome several new shareholders into the Company… I am pleased to announce that we have funded our first lease from one of our dealer partners earlier this month and are starting to grow our lease portfolio.” – Jeff Morgan, CEO

All non‑material boilerplate, forward‑looking statements, and company background sections have been omitted for brevity.