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


Date

October 2, 2024

Office Involved

Value

10.88 Million CAD

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).

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