Business
Hampton Agrees to Issue Shares for Debt
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONT...
About this update from Hampton Financial Corp.
[{"type":"text","content":"Hampton Agrees to Issue Shares for Debt\nNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 24, 2025 (GLOBE NEWSWIRE) -- Hampton Financial Corporation (“Hampton” or the “Company”, TSXV: HFC) announces that it has reached agreements to settle all obligations under Hampton debentures in the aggregate principal amount of $4 million, and to settle a quarterly interest payment under Hampton debentures in the aggregate principal amount of $5.2 million, in exchange for the issuance to the debenture holders of subordinate voting shares of Hampton at the deemed price of $0.40 per share. Hampton expects that the debt settlement transactions will close on or before December 31, 2025 and would result in the issuance of an aggregate of 10,528,141 subordinate voting shares to the debenture holders. The transactions are subject to the approval of the TSX Venture Exchange. This measure will serve to strengthen Hampton’s balance sheet and reduce the cash cost of funding its operations. The Company expects this to have a meaningful impact on 2026 results. About Hampton Financial Corporation Hampton is a unique private equity firm that seeks to build shareholder value through long-term strategic investments. Through its wholly-owned subsidiary, Hampton Securities Limited (“HSL”), Hampton is actively engaged in family office, wealth management, institutional services and capital markets activities. HSL is a full-service investment dealer, regulated by CIRO and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest Territories, Ontario, and Quebec. In addition, the Company, through HSL, provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on recognized securities exchanges in Canada and abroad and HSL’s Corporate Finance Group provides early stage, growing companies the capital, they need to create value for investors. HSL continues to develop its Wealth Management, Advisory Team and Principal-Agent programs which offers to the industry’s most experienced wealth managers a unique and flexible operating platform that provides additional freedom, financial support, and tax effectiveness ...