Northwire Canada EditionSaturday, July 11, 2026
Sign inSubscribe
Northwire
⌕
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Financings

AmeriTrust Announces Closing First Tranche of Brokered Offering for $36,187,200

By The Northwire Desk — AI Analysis Dec 23, 2025 · 15:10 AMT · 0.065 AmeriTrust Financial Technologies Inc.
AMT · Price

Executive Summary

  • AmeriTrust Financial Technologies Inc. closed the first tranche of its brokered offering, raising $36,187,200 in aggregate gross proceeds.
  • The tranche consisted of 20,850 Debenture Units at $1,000 each (including senior unsecured convertible debentures and ~11,765 common share purchase warrants per unit) and 306,744,000 Life Units at $0.05 each (each comprising one common share and one warrant).
  • Proceeds are earmarked to restart lease originations in Q1 2026 and for general working capital; a second tranche is expected to close around January 6 2026.

Key Details

  • Debenture Units: 20,850 units @ $1,000 = $20,850,000 gross proceeds.

  • Each unit contains:

    • One senior unsecured convertible debenture (principal $1,000, 8% annual interest, quarterly payments starting 31 Mar 2026, maturing 5 years from closing).
    • Approximately 11,765 common‑share purchase warrants at an exercise price of $0.12 per share.
    • Warrants exercisable 60 days after the Closing Date through 60 months thereafter, with early acceleration if TSXV VWAP ≥ $0.30 for 30 consecutive trading days after 18 months.

  • Life Units: 306,744,000 units @ $0.05 = $15,337,200 gross proceeds.

  • Each unit consists of one common share and one warrant (exercise price $0.12, same terms as above).

  • Agent Compensation:

  • Cash commission to Clarus Securities Inc. and Cormark Securities Inc.: $1,264,740.

  • Issuance of 14,878,000 common‑share purchase warrants to the agents (exercise price C$0.05, exercisable until 23 Dec 2027).

  • Related Party Transaction: Insiders participated in the first tranche; the transaction is exempt from formal valuation and minority‑shareholder approval under MI 61‑101. A material change report will be filed post‑closing with additional details.

  • Statutory Hold Periods:

  • Debenture Units & Broker Warrants subject to hold until 24 Apr 2026.

  • Life Units have no statutory hold period.

  • Option for Additional Units: Agents may issue up to $6,000,000 of additional proceeds (max $1,980,000 for Life Units) before the second tranche closes.

  • Use of Proceeds: Funding will support the restart of lease originations (“flow” and “haircut” capital) in Q1 2026 and provide working‑capital liquidity.

  • Second Tranche: Anticipated closing on or about 6 Jan 2026; subject to final TSXV acceptance.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

More from AmeriTrust Financial Technologies Inc.

May 27, 2026 · 09:23

AmeriTrust Validates Financing Strategy with Revenue Growth, Yet Dilution and Profitability Risks Loom

Production / Operations Apr 22, 2026 · 07:00

AmeriTrust Secures Liquidity but Revenue Stalls Amid Expansion Push

Earnings Mar 11, 2026 · 13:04

AmeriTrust Provides Corporate Update

Financings Feb 03, 2026 · 17:58

Ameritrust launches platform for used-car leasing

Production / Operations Jan 15, 2026 · 12:50

AmeriTrust Announces Closing of Second and Final Tranche of Brokered Offering

Financings Dec 23, 2025 · 19:00

Ameritrust closes $36.18M first tranche of placement

Financings