Core Viewpoint - The FUTR Corporation has secured commitments for a non-brokered private placement of 17 million units at $0.30 per unit, totaling $5.1 million, with the financing expected to close on September 4, 2025 [1][3]. Financing Details - Each unit consists of one common share and one-half warrant, with each warrant exercisable at $0.45 until December 31, 2027, unless certain stock price conditions are met [2]. - The net proceeds will be allocated for general working capital and growth initiatives, including potential acquisitions [3]. - Insiders, including key executives, will participate in the financing for a total of $270,000, representing 900,000 units [3]. Regulatory and Compliance Information - The offering is conducted under exemptions from prospectus requirements and has received conditional approval from the TSX Venture Exchange [4]. - All securities issued will be subject to a four-month hold period in accordance with applicable securities laws [4]. Finder's Fee Structure - A cash finder's fee of 7% will be paid on the units placed, along with finder's warrants equal to 7% of the total units sold, exercisable until September 30, 2027, at an exercise price of $0.30 per unit [5]. Company Overview - The FUTR Corporation focuses on data monetization through its AI Agent App, which aims to provide financial benefits to consumers and enhance brand personalization and customer acquisition [7][8].
The FUTR Corporation to Complete $5.1 Million Financing, 17 Million $0.30 Units Fully Committed
Newsfileยท2025-08-26 11:29