Everyday People closes ACT acquisition

Executive Summary

• Everyday People Financial Corp. (via subsidiary BPO Collections Ltd.) completed the acquisition of ACT Credit Management Ltd. on January 7, 2026, marking its fifth acquisition to expand its UK Revenue Cycle Management (RCM) platform.
• The company entered into debt settlement agreements on January 8, 2026, issuing 435,075 common shares to settle $291,500 in unpaid directors' fees at a deemed price of 67 cents per share.
• The release details additional administrative corporate actions, including the issuance of shares for services to an independent consultant and the grant of Restricted Share Units (RSUs) to an officer.

Key Details

• Acquisition of ACT Credit Management Ltd.:

  • Closing Date: January 7, 2026.
  • Regulatory Approval: Received from the UK Financial Conduct Authority (FCA) on December 16, 2025.
  • Structure: BPO Collections Ltd. acquired 100% of issued and outstanding shares.
  • Debt: No existing debt of ACT was assumed.
  • Financing: Financed through existing cash flow; no shares were issued for this transaction.
  • Financial Impact: Anticipated annual EBITDA of $750,000 to $1.0 million; anticipated annual revenue of $6.0 million to $9.0 million.
  • Strategic Context: Described as the fifth acquisition expanding the UK RCM operations.

• Debt Settlement with Directors:

  • Date: January 8, 2026.
  • Counterparties: Four independent directors.
  • Settlement Amount: Aggregate of $291,500 in unpaid directors' fees from 2025.
  • Consideration: Issuance of 435,075 common shares.
  • Deemed Price: 67 cents per common share.
  • Regulatory Status: Constitutes a "shares for debt" transaction under TSX Venture Exchange Policy 4.3; subject to TSX-V acceptance.
  • Hold Period: Four months and one day from issuance.
  • Related Party Status: Classified as a related party transaction under Multilateral Instrument 61-101; exemptions from formal valuation and minority shareholder approval were relied upon as the value does not exceed 25% of market capitalization. Approved by disinterested directors.

• Issuance of Shares for Services (Quarterly Disclosure):

  • Period: Quarter ended December 31, 2025.
  • Counterparty: Independent consultant (arm's-length party).
  • Total Compensation: $5,000 cash plus $10,000 payable in common shares.
  • Share Issuance Details:
    • October 2025: 6,849 shares at 73 cents per share (plus $5,000 cash).
    • November 2025: 7,353 shares at 68 cents per share (nil cash).
    • December 2025: No cash or shares issued.
  • Total Shares Issued: 14,202 common shares.
  • Hold Period: Four months and one day.

• Issuance of Restricted Share Units (RSUs):

  • Date: December 31, 2025.
  • Recipient: One officer.
  • Quantity: 37,500 RSUs.
  • Terms: Each RSU entitles holder to one common share upon vesting; vests one year from grant date.
  • Plan Context: Issued under the Omnibus Share Incentive Plan, which was last approved by shareholders on September 29, 2025.

• Corporate Statistics:

  • Shares Outstanding: 129,201,636 common shares as of the date of the release.

Notable Quotes

• "The successful closing of the ACT acquisition marks a significant milestone and our fifth acquisition in expanding our U.K. revenue cycle management (RCM) operations... ACT's strong reputation and operational expertise meaningfully enhance our RCM platform and align with our disciplined acquisition strategy." — Graham Rankin, Co-Chief Executive Officer RCM (U.K.)