Business
Urbana Corporation Announces Additional Investment in Tetra Digital Group
/NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ TORONTO, March 23...
About this update from Urbana Corporation
[{"type":"text","content":"Urbana Corporation Announces Additional Investment in Tetra Digital Group\n/NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ TORONTO, March 23, 2026 (GLOBE NEWSWIRE) -- Urbana Corporation (\"Urbana\") (TSX and CSE: URB, URB.A) is pleased to announce that it has made an additional investment of $2 million in Tetra Digital Group Inc. (“Tetra”), Canada’s leading institutional digital technology and financial services provider, by participating in Tetra’s new round of equity financing (the “New Financing”). Funds raised in the New Financing will be used for ordinary working capital purposes (including to launch a Canadian dollar backed stablecoin, and to continue Tetra’s and its subsidiaries’ ongoing building of its proprietary technology). Urbana holds a majority equity interest in Tetra. Participants in the New Financing included third party investors that are unrelated to Urbana. The participation of these investors in the New Financing established a new fair market price for the Tetra shares. Accordingly, Urbana has increased the valuation of its investment in Tetra by approximately $18.2 million, which increased the net assets per share of Urbana by approximately 44 cents (3.5%). Urbana originally made an investment in Tetra Trust Company (“Tetra Trust”) in 2021 and increased its holdings in the company to a majority position in April 2025. In May 2025, through a re-organization, Tetra Trust became a wholly-owned subsidiary of Tetra Digital Group Inc. Subsequent to the re-organization, Urbana has maintained its majority position in the company by making an additional investment in the company in August 2025. About Urbana Urbana Corporation is a diversified corporation with a focus on financial services, information services and innovative technologies. The long-term goal of Urbana is to seek out, and invest in, private investment opportunities for capital appreciation and publicly traded securities to provide growth, income and liquidity. The portfolio mix of actively managed publicly traded securities with private equity investments has generated significant long-term investment results. For more information, visit www.urbanacorp.com. About Tetra Digital Group Tetra Digital Group is Canada's leading institutional digital technolog...