Everyday People Financial Closes ACT Acquisition Expanding its UK RCM Platform

Executive Summary

• Everyday People Financial Corp. completed the acquisition of ACT Credit Management Ltd., adding an estimated annual EBITDA of C$0.75–1.0 million and revenue of C$6.0–9.0 million to its UK RCM operations.
• The company settled $291,500 of accrued directors’ fees by issuing 435,075 common shares (at a deemed price of $0.67 per share) in a “shares for debt” transaction subject to TSXV approval and a four‑month hold period.
• Additional equity compensation was disclosed: quarterly issuance of 14,202 shares for consulting services and the grant of 37,500 RSUs to an officer, bringing total outstanding common shares to 129,201,636.

Key Details

• Acquisition Terms
• BPO Collections Ltd. acquired 100 % of ACT’s issued and outstanding shares; no debt was assumed.
• Funding came from existing cash flow; no new equity was issued for the purchase.

• FCA approval received on 16 Dec 2025; Purchase Agreement dated 6 Nov 2025; closing date 7 Jan 2026.

• Financial Impact of Acquisition

• Expected contribution: annual EBITDA C$0.75–1.0 million; revenue C$6.0–9.0 million.

• Enhances Everyday People’s UK revenue‑cycle‑management platform and aligns with its disciplined acquisition strategy (fifth UK RCM acquisition).

• Shares‑for‑Debt Settlement

• Directors’ unpaid fees for 2025: $291,500.
• Settlement issued 435,075 common shares at a deemed price of $0.67 per share.

• Shares subject to a hold period of four months and one day; transaction qualifies under TSXV Policy 4.3 Shares for Debt.

• Related Party & Regulatory Notes

• Transaction considered a related‑party transaction under MI 61‑101 but exempt from formal valuation and minority approval because consideration ≤ 25 % of market cap.

• Approved by disinterested directors; participating directors abstained. No finder's fees paid.

• Quarterly Share Issuance for Services (Dec 2025 quarter)

• Consultant compensated with $5,000 cash plus 6,849 shares @ $0.73/share (Oct 2025 services).
• Additional 7,353 shares @ $0.68/share for Nov 2025 services; no compensation for Dec 2025.

• Total shares issued this quarter: 14,202; each subject to the same four‑month hold period.

• Restricted Share Units (RSUs)

• On 31 Dec 2025, 37,500 RSUs granted to one officer under the Omnibus Share Incentive Plan; vesting in one year.

• Share Capital Summary

• As of this release, total common shares issued and outstanding: 129,201,636.

Notable Quotes

“The successful closing of the ACT Acquisition marks a significant milestone and our fifth acquisition in expanding our UK revenue cycle management operations,” – Graham Rankin, Co‑CEO RCM (UK).
“ACT's strong reputation and operational expertise meaningfully enhance our RCM platform… we anticipate ACT to contribute an annual EBITDA in the range of approximately C$750 k to C$1.0 M.”

Materiality Assessment: Material – Positive (the acquisition materially expands revenue base and profitability; shares‑for‑debt settlement improves balance sheet.)