Northwire Canada EditionWednesday, July 22, 2026
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Financings

Vertiqal Studios Announces Secured Debenture Financing

VRTS · Price

Executive Summary

  • Vertiqal Studios Corp. announced a senior secured debenture financing up to USD 2,000,000 with a 13% annual interest rate and an 18‑month maturity.
  • The debentures will be first‑ranking secured by all present and after‑acquired assets of the company.
  • Proceeds are earmarked for general working capital purposes; securities are subject to a four‑month hold period plus one day.

Key Details

  • Offering Size: Up to USD 2,000,000 in senior secured debentures.
  • Interest Rate: 13% per annum, accruing and payable as a balloon payment at maturity.
  • Maturity: 18 months from the date of issuance.
  • Security: First‑ranking security interest over all present and after‑acquired property and assets of Vertiqal Studios Corp.
  • Use of Proceeds: General working capital purposes.
  • Hold Period: Securities subject to a hold period of four months plus one day from issuance, in accordance with resale rules of applicable securities legislation.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →

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