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The latest announcement is out from Ameritrust Financial Technologies ( (TSE:AMT) ).
AmeriTrust Financial Technologies has closed the second and final tranche of its brokered offering, raising an additional $3.37 million and bringing total gross proceeds to approximately $39.55 million, which will be used to restart lease originations in early 2026, fund both flow and haircut capital under its trust facilities, and support working capital. The company has also funded its first lease from a dealer partner, appointed former ECN Capital executive John Wimsatt as Chief Investment Officer to lead securitization and sale of lease contracts to institutional funding partners, granted commissions and broker warrants to its agents, and launched a 12‑month investor awareness campaign with Investing News Network, collectively strengthening its capital base, governance and market visibility ahead of a planned ramp-up in automotive leasing operations, subject to final TSXV acceptance of the offering.
More about Ameritrust Financial Technologies
AmeriTrust Financial Technologies Inc. is a Toronto-based fintech platform focused on the automotive finance sector, providing technology-driven solutions to support vehicle lease originations. The company targets funding and securitization of automotive lease portfolios through relationships with banks, credit unions, insurance companies and private investment groups, with a particular focus on restarting and scaling lease originations in North America.
Average Trading Volume: 395,449
Technical Sentiment Signal: Sell
Current Market Cap: C$54.4M
See more insights into AMT stock on TipRanks’ Stock Analysis page.