Business
FUTR Announces 1.5 Million Unit Add-On Financing and Engagement of IC Partners
Toronto, Ontario--(Newsfile Corp. - October 24, 2025) - The FUTR Corporation (TSXV: FTRC) (OTCQ...
About this update from Futr Corporation
[{"type":"text","content":"FUTR Announces 1.5 Million Unit Add-On Financing and Engagement of IC PartnersToronto, Ontario--(Newsfile Corp. - October 24, 2025) - The FUTR Corporation (TSXV: FTRC) (OTCQB: FTRCF) (\"FUTR\" or the \"Company\"), a consumer-centric platform for data valuation and monetization, is pleased to announce that it has closed an additional 1.5 million Units for gross proceeds of $450,000 on top of its previously announced $6 million non-brokered private placement bringing the total private placement amount to $6.45 million at $0.30 per Unit. Each Unit is priced at $0.30 per Unit and consists of one common share and one-half warrant. Each Warrant is exercisable to acquire one Common Share at a price of $0.45 until December 31, 2027, unless the stock trades at $2.20 per share on a VWAP basis over a 10-day period at which point the Board may determine to accelerate the expiration date of the Warrants to 30 days following a press release announcing such. Net proceeds of the offering will be used for general working capital and growth initiatives, including potential acquisitions. The Company would also like to announce that it has engaged the services of ICP Securities Inc. (\"ICP\") to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement between the Company and ICP was signed with a start date of October 24, 2025, and is for four (4) months (the \"Initial Term\") and shall be automatically renewed for subsequent one (1) month terms (each month called an \"Additional Term\") unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no...