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Ameritrust Financial Technologies ( (TSE:AMT) ) just unveiled an announcement.
AmeriTrust Financial Technologies Inc. has launched new lease originations and announced an amended brokered offering of up to $40 million, consisting of a Debenture Offering and a LIFE Offering. The company has also secured a line of credit from the Bank of Texas to fund lease contracts through its Ameri II Trust, enabling greater funding capacity. These initiatives are expected to support the company’s growth, reduce expenses, and minimize shareholder dilution. AmeriTrust plans to expand its operations across the U.S. dealer market, starting with Texas, and aims to capture 1% market share in the coming years.
More about Ameritrust Financial Technologies
AmeriTrust Financial Technologies Inc. is a fintech platform that focuses on automotive finance. The company operates in the financial technology industry, offering services related to lease originations and automotive finance solutions, primarily targeting the U.S. market.
Average Trading Volume: 256,963
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$26.86M
See more insights into AMT stock on TipRanks’ Stock Analysis page.