Futr receives commitments for $5.1M private placement

Executive Summary

• The Futr Corp. has secured firm commitments for a $5.1 million non-brokered private placement of 17 million units at $0.30 per unit.
• The transaction is scheduled to close on September 4, 2025, with net proceeds designated for general working capital, growth initiatives, and potential acquisitions.
• Company insiders are participating in the offering with a $270,000 commitment, structured as a related party transaction relying on specific exemptions under Multilateral Instrument 61-101.

Key Details

• Transaction Structure: Non-brokered private placement of 17,000,000 units.
• Pricing: $0.30 per unit.
• Gross Proceeds: $5,100,000.
• Unit Composition: Each unit consists of one common share and one-half warrant.
• Warrant Terms:
  • Each warrant is exercisable to acquire one common share.
  • Exercise Price: $0.45 per share.
  • Expiration: December 31, 2027.
  • Acceleration Clause: The board may accelerate expiration to 30 days following a press release if the stock trades at $2.20 per share on a VWAP basis over a 10-day period.
• Use of Proceeds: General working capital and growth initiatives, including potential acquisitions.
• Insider Participation:
  • Insiders Michael Hilmer, Alex McDougall, Jay Graver, and G Scott Paterson will contribute an aggregate of $270,000.
  • This represents 900,000 units.
  • Classified as a related party transaction under MI 61-101; exemptions from formal valuation and minority shareholder approval are relied upon as participation does not exceed 25% of market capitalization.
• Finder’s Fees:
  • Cash finder’s fee of 7% of units placed.
  • Finders’ warrants equal to 7% of the aggregate number of units sold.
  • Finder Warrant Terms: Exercisable to acquire one unit until September 30, 2027, at an exercise price of $0.30 per unit, subject to an acceleration provision.
• Regulatory Status:
  • Conditional approval received from the TSX Venture Exchange (TSX-V).
  • Offered via private placement pursuant to prospectus exemptions.
  • Securities subject to a four-month hold period.

Notable Quotes

• "We are very grateful for the support of many new shareholders and several existing shareholders who are enthusiastic about our vision of The Futr Corp. We have an ambitious plan with Futr and are confident we will be a leader in the personal data monetization space." — Alex McDougall, President