Original News Release
Aim6 closes $9.1M upsized raise for Elevate Service
Mr. Paul Bissett reports
ELEVATE SERVICE GROUP CLOSES $9.1 MILLION UPSIZED EQUITY OFFERING TO ADVANCE NATIONAL EXPANSION OF ITS INTEGRATED FACILITY SERVICES PLATFORM
Aim6 Ventures Inc. and ElevateDesign Ventures Inc. have successfully second and final closing of Elevate's upsized brokered private placement of 1.15 million subscription receipts at a price of $1.00 per subscription receipt for gross proceeds of $1.15-million. Together with the first tranche gross proceeds of $7,938,000, the private placement has raised aggregate gross proceeds of $9,088,000, well above the initial $5-million target.
Directors, officers, insiders and affiliated investors subscribed for approximately $4,525,000 of the private placement.
The upsized private placement, led by Beacon Securities Ltd. and a syndicate of agents including Richardson Wealth Ltd. and Ventum Financial Corp. (collectively, the agents), reflects strong investor conviction for Elevate's strategy to build a national, integrated platform of essential facility services across Canada.
"This strong response -- including significant insider participation -- underscores the support for Elevate's strategy," said Paul Bissett, proposed chief executive officer of the resulting issuer (as defined below). "We are building a scalable platform that brings together complementary service business with robust operating track records, reoccurring revenue and strong profitability to deliver value, quality and efficiency for national clients."
The private placement was completed in connection with the proposed business combination between Aim6 and Elevate which will constitute Aim6's qualifying transaction under Policy 2.4 of the TSX Venture Exchange. Upon completion of the transaction, Aim6 will be renamed Elevate Service Group Inc. and is expected to trade on the TSX Venture Exchange under the ticker symbol SERV as a Tier 1 industrial issuer.
Upon completion of the transaction, the resulting issuer will have approximately 32.6 million common shares outstanding, of which approximately 25 million (77 per cent) will be subject to a one-year voluntary lockup and/or escrow policies of the TSX-V. This structure provides a stable, long-term shareholder base as Elevate transitions to the public markets.
"Our family office has made a significant investment alongside management and insiders, underscoring our conviction in Elevate's long-term strategy," said Romeo Di Battista Jr., proposed chairman of the resulting issuer and chief executive officer of Westmount Park Investments Inc. "We are deeply aligned with shareholders and focused on building a durable, cash-generating platform through disciplined acquisitions and operational excellence."
The transaction is expected to be completed on or about Nov. 10, 2025, paving the way for Elevate's public listing and next phase of national expansion.
In connection with the private placement, the agents received a cash commission of $38,000, a portion of which has been escrowed pending the satisfaction or waiver of all conditions precedent to the transaction and certain other ancillary conditions customary for transactions of this nature. The agents also received 38,000 options, each of which entitles the holder to acquire one common share of Elevate at an exercise price of $1.00 per share for two years following the satisfaction of the release conditions. Upon closing of the transaction, the compensation options will be exchanged for options to purchase common shares of the resulting issuer having the same exercise price and expiry date as the compensation options.
Please refer to the press release dated Oct. 9, 2025, for additional details on the private placement.
About Elevate Service Group Inc.
Elevate Service Group is a national facilities management and essential commercial services platform focused on consolidating and modernizing this fragmented sector. Through its operating companies, Elevate Service Group brings over 20 years experience as a trusted partner for national, blue-chip customers. Elevate Service Group's strategy is to integrate a portfolio of profitable operating businesses across a scalable, national platform with shared infrastructure, technology integration and operational synergies. The result is more comprehensive services, expanded market reach and superior customer outcomes. Elevate Service Group intends to list on the TSX-V as a Tier 1 issuer under the ticker SERV.
About Aim6 Ventures Inc.
Aim6 was incorporated under the Business Corporations Act (Ontario) on Jan. 13, 2021, and is a capital pool company (as defined in the policies of the TSX-V) listed on the TSX-V. Aim6 has no commercial operations and no assets other than cash.
We seek Safe Harbor.
View at source ↗