AmeriTrust Financial Technologies Inc. raises C$10.88M in private placement offering at C$0.05 per share

On October 2, 2024, AmeriTrust Financial Technologies Inc. ("AmeriTrust") successfully closed its previously announced private placement financing, issuing 217,690,000 common shares at a subscription price of C$0.05 per unit for gross proceeds of C$10,884,500.

AmeriTrust, headquartered in Burlington, Ontario, is a fintech company that modernizes vehicle buying, selling, and leasing through its online transaction platform.

McCarthy Tétrault advised AmeriTrust with a team lead by Rami Chalabi that included Adil Akbar and Charm Hu (Business).