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An announcement from Ameritrust Financial Technologies ( (TSE:AMT) ) is now available.
AmeriTrust Financial Technologies has closed the first tranche of its brokered financing, raising gross proceeds of $36.2 million through a combination of debenture units and equity “LIFE” units, each accompanied by common share purchase warrants. The capital will be used primarily to restart lease originations in the first quarter of 2026, funding both flow and haircut capital through a bankruptcy-remote trust structure, and to bolster working capital, marking a significant step in relaunching its core auto finance activities. The offering, led by Clarus Securities and Cormark Securities under Canada’s listed issuer financing exemption, also involved insider participation treated as a related-party transaction, while the resulting warrant structures, hold periods, and broker compensation underscore an effort to deepen investor engagement and support AmeriTrust’s growth trajectory in automotive lending.
More about Ameritrust Financial Technologies
AmeriTrust Financial Technologies Inc. is a Toronto-based financial technology company focused on the automotive finance market, operating a fintech platform that targets vehicle leasing and related credit products. The company is listed on the TSX Venture Exchange, the OTCQB market, and the Frankfurt Stock Exchange, positioning itself within specialized auto finance and lease origination segments in Canada and beyond.
Average Trading Volume: 324,695
Technical Sentiment Signal: Sell
Current Market Cap: C$33.68M
For an in-depth examination of AMT stock, go to TipRanks’ Overview page.