Business
AmeriTrust Announces Brokered Offering of up to $60,000,000
Not for distribution to U.S. Newswire Services or Dissemination in the United States TORONTO...
About this update from Ameritrust Financial Technologies Inc.
[{"type":"text","content":"AmeriTrust Announces Brokered Offering of up to $60,000,000Not for distribution to U.S. Newswire Services or Dissemination in the United States TORONTO, ONTARIO / ACCESS Newswire / October 7, 2025 / AmeriTrust Financial Technologies Inc. (TSXV:AMT)(OTCQB:AMTFF)(Frankfurt:1ZVA) (\"AmeriTrust\", \"AMT\" or the \"Company\"), a fintech platform targeting automotive finance is announcing that it has entered into an agreement with Clarus Securities Inc. (the \"Agent\") in connection with a best efforts brokered offering (the \"Offering\") consisting of (i) a Debenture Offering (as defined below) of up to $45 million and, (ii) a LIFE Offering (as defined below) of up to $15million, in each case subject to increase upon exercise of the Agent's Option (as defined below).Jeff Morgan, CEO of the Company, stated, \"Along with the incredible support anticipated from our existing shareholders, I am excited to welcome new potential strategic investors to our register. Also, I am proud to say that myself, the Board of Directors, the executive team, and many of the employees of AmeriTrust intend to participate in this financing.\" Mr. Morgan continued \"The business is at an inflection point as we are expecting to re-start lease originations immediately. This capital is not only to be used for lease originations, but for providing additional capital support for our incoming finance partners for our larger lease facilities. I believe that an owner's mentality starts with alignment and in that regard, our team has made significant commitments to provide capital to re-start originations.\"The Closing Date of the Offering is anticipated to occur on or about October 23, 2025 and is subject to certain conditions and the receipt of applicable regulatory approvals including approval of the TSXV.Use of CapitalThe Company intends to use the net proceeds from the Offering to support the re-start of lease originations in the fourth quarter of 2025 funding both \"flow\" and \"haircut capital\" under facilities entered into by a bankruptcy remote trust established by the Company and for working capital purposes.This capital will be the catalyst to immediately start new originations, increase revenue generation, and overall growth of AmeriTrust. The Company intends to begin immediately with both direct and indirect originations in Texas to start, with new orig...