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Parvis Enters into Letter of Intent to Acquire Atlas One Digital Securities, Consolidating Canada's Private Investment Market
Transaction accelerates Parvis's growth, bringing together two established exempt market distribu...
About this update from Parvis Invest Inc
[{"type":"text","content":"Parvis Enters into Letter of Intent to Acquire Atlas One Digital Securities, Consolidating Canada's Private Investment MarketTransaction accelerates Parvis's growth, bringing together two established exempt market distribution under a single licensed entity, expanding investor network and distribution reachVancouver, British Columbia--(Newsfile Corp. - May 11, 2026) - Parvis Invest Inc. (TSXV: PVIS) (\"Parvis\" or \"the Company\"), a technology-driven platform for private alternative investments, today announced that it has entered into a letter of intent (LOI) to acquire all outstanding shares of Atlas One Digital Securities Inc. (\"Atlas One\"), a registered exempt market dealer (EMD) operating across Canada.The acquisition brings together two of Canada's established private market platforms under a single, fully licensed entity, creating a stronger national marketplace with deeper advisor coverage and a more capable technology foundation.Transaction OverviewUnder the terms of the LOI, the transaction is structured as an all-share transaction valued at approximately $5,000,000. The shareholders of Atlas One will receive 4,761,905 common shares of Parvis at a deemed price of $0.525 per share at closing and 4,166,667 shares of Parvis at a deemed price of $0.60 per share after 1 year of closing along with 2,083,333 warrants at an exercise price of $0.70 on a 24-month term as additional consideration. \"Canada has the investor appetite for private markets. What it has lacked is the infrastructure to support it at scale,\" said David Michaud, Founder and Chief Executive Officer of Parvis. \"That changes with this acquisition. Atlas One has built a strong issuer network and a national investor base, and combining our platforms gives the market something it hasn't had: a single, fully regulated environment for private market participation. We intend to lead this category.\"\"Joining Parvis is the right next step for Atlas One and for the investors and issuers we've worked hard to serve,\" said George Nast, Chief Executive Officer of Atlas One Digital Securities. \"We've always believed in the potential of private markets to deliver real opportunity for Canadian accredited investors, and Parvis has built the infrastructure to make that vision scalable. Together, we'll offer greater product breadth, stronger compliance capabilitie...