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Everyday People Financial Inc ( (TSE:EPF) ) has shared an update.
Everyday People Financial Corp.’s UK subsidiary BPO Collections has received approval from the UK Financial Conduct Authority to proceed with the acquisition of ACT Credit Management Limited, a UK-based debt collection and credit management company, in a cash-funded, debt-free, arm’s-length transaction that is treated as non-material under TSX Venture Exchange rules. The deal, expected to close around January 1, 2026 subject to customary conditions, is intended to bolster Everyday People’s UK revenue cycle management platform and is projected to add meaningful incremental revenue and EBITDA, while the company concurrently strengthens its balance sheet by settling a vendor payable at General Credit Services through the issuance of 100,000 common shares and seeks to extend the term of certain outstanding warrants, all subject to exchange approvals.
More about Everyday People Financial Inc
Everyday People Financial Corp. is a technology-driven financial services provider focused on revenue cycle management and credit-related services, operating through subsidiaries such as BPO Collections Limited and General Credit Services Inc. The company targets clients across multiple industries with offerings that include debt collection, credit management and related receivables services, with a growing operational footprint in the United Kingdom.
Average Trading Volume: 34,934
Technical Sentiment Signal: Buy
Current Market Cap: C$37.84M
See more data about EPF stock on TipRanks’ Stock Analysis page.