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Parvis Announces Concurrent Financing of up to $3 Million to Support North American Expansion Strategy
Private placement proceeds to fund integration of Atlas One and acquisition of FavorPoint Capital, as Parvis continues to build a fully integrated North American private investment platformVancouver, British Columbia--(Newsfile Corp. - May 28, 2026) - Parvis Invest Inc. (TSXV: PVIS) ("Parvis" or the "Company"), a technology-driven platform for private alternative investments, today announced a non-brokered private placement to raise gross proceeds of up to C$3,000,000 (the "Concurrent...
About this update from Parvis Invest Inc
[{"type":"text","content":"Private placement proceeds to fund integration of Atlas One and acquisition of FavorPoint Capital, as Parvis continues to build a fully integrated North American private investment platform","length":189,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 28, 2026) - Parvis Invest Inc. (TSXV: PVIS) ("Parvis" or the "Company"), a technology-driven platform for private alternative investments, today announced a non-brokered private placement to raise gross proceeds of up to C$3,000,000 (the "Concurrent Financing"). The Concurrent Financing is being undertaken in connection with the Company's previously announced binding letter of intent to acquire Atlas One Digital Securities Inc. ("Atlas One") and its binding letter of intent to acquire FavorPoint Capital, LLC ("FavorPoint"), a FINRA-registered U.S. broker-dealer.","length":673,"tagName":"p"},{"type":"text","content":"Use of Concurrent Financing Proceeds","length":36,"tagName":"p"},{"type":"text","content":"The Concurrent Financing is a component of Parvis's broader North American expansion strategy, through which the Company is building a fully integrated private markets platform operating across both Canadian and U.S. capital markets. Net proceeds will be directed toward the integration of Atlas One Digital Securities Inc., the acquisition and integration of FavorPoint Capital, LLC onto the Parvis platform through the FINRA Continuing Membership Application process, and working capital to support the general and administrative expenses of the Company. Link Resource Partners Inc., part of Bluestar Professional Services, is acting as an arms-length advisor to Parvis in connection with the acquisitions of Atlas One and FavorPoint and their subsequent integration.","length":773,"tagName":"p"},{"type":"text","content":"Details of the Concurrent Financing","length":35,"tagName":"p"},{"type":"text","content":"The Concurrent Financing consists of up to 5,454,545 units at a price of C$0.55 per unit, with an over-allotment option of up to 25%. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at C$0.65 for 24 months from closing. The offering is anticipated to close o...