Financings
MATCHPOINT VENTURES CORP. CLOSES INITIAL PUBLIC OFFERING
MPV · Price
Executive Summary
- Matchpoint Ventures Corp. completed its IPO, issuing 17 million common shares at $0.10 each for gross proceeds of $1.7 million.
- The offering triggered the issuance of 1.7 million non‑transferable options to the placement agent (ITG) and an aggregate of 2.5 million options to directors, officers and a consultant.
- Post‑offering, the company has 37 million common shares issued and outstanding and will commence trading on the TSX‑V under the symbol “MPV.P”.
Key Details
- Offering size: 17,000,000 common shares at $0.10 per share.
- Gross proceeds: $1,700,000 to be used for corporate purposes as outlined in the prospectus.
- Placement agent compensation: Independent Trading Group (ITG), Inc. received irrevocable, non‑transferable options to purchase up to 1,700,000 common shares at $0.10 per share for a 24‑month period following listing.
- Director/Officer/Consultant options: Aggregate of 2,500,000 options granted, each exercisable at $0.10 per share for a 10‑year term from the grant date.
- Post‑offering capital structure: 37,000,000 common shares issued and outstanding.
- Trading symbol: MPV.P on the TSX Venture Exchange (TSXV).
- Prospectus reference: Final amended and restated prospectus dated October 10, 2025 available on SEDAR+.
Notable Quotes
- “On behalf of the Board of Directors” – Laurence Rose, Director & CEO.