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Reklaim Completes Convertible Debenture Financing to Accelerate Growth of Reklaim Protect
Newsfile· 2025-10-31 20:01
Core Points - Reklaim Ltd. has completed a non-brokered private placement of convertible debenture units totaling $500,000 to accredited investors to support the growth of its privacy protection platform, Reklaim Protect [1][2] Group 1: Financing Details - The proceeds from the offering will primarily be used for the expansion of Reklaim Protect, which allows consumers to monitor, remove, and safeguard their personal data online [2] - Each Debenture Unit consists of one senior secured convertible debenture and warrants equal to 50% of the common shares issuable upon conversion of the principal of the debenture [3] - The debentures accrue interest at a rate of 12.0% per annum, maturing 36 months from the closing date, and are convertible into shares at C$0.105 per share [7] Group 2: Terms and Conditions - The company retains the right to repay the debentures early, with specific conditions regarding the expiration of warrants upon early repayment [4] - A total of 2,380,952 warrants were issued under the offering, with an exercise price of C$0.14 for 36 months from issuance [3][4] - The offering is subject to final approval by the TSX Venture Exchange, and all securities issued are subject to a four-month hold period [5] Group 3: Company Overview - Reklaim provides compliant, consumer-permissioned data to Fortune 500 brands, enabling individuals to control their personal information [6] - The platform allows users to verify their identity and discover data collected and sold without their consent, offering tools to monetize or safeguard their data [6]
Reklaim Ltd. to Present at Annual Smallcap Discoveries Conference in Vancouver Following Two Consecutive Years of Profitability
Newsfile· 2025-09-23 11:30
Core Insights - Reklaim Ltd. has achieved two consecutive years of profitability, reporting a 73% year-over-year revenue growth in Q1 2025 and an 18% growth in Q2 2025, indicating strong execution and momentum in the consumer data privacy sector [3]. Company Performance - The company will be presenting at the Annual Smallcap Discoveries Conference on September 29, 2025, where CEO Neil Sweeney will discuss Reklaim's recent performance and the growth of its core platforms: Protect and Rewards [2][3]. - Reklaim is one of the few profitable companies in the small-cap market, showcasing the sustainability of its business model [3]. Business Model and Strategy - Reklaim empowers consumers to control their personal information through its mobile app, allowing them to view, protect, and monetize their data [6]. - The company licenses high-quality, permissioned data to brands, providing a privacy-compliant alternative to third-party tracking, thus aligning consumer and shareholder interests [6]. Conference Details - The Annual Smallcap Discoveries Conference aims to strengthen Canada's microcap ecosystem by fostering connections and improving access to capital for innovative businesses [4].
Reklaim Achieves 40% Year-to-Date Revenue Growth, Retires Debenture, and Strengthens Cash Position
Prnewswire· 2025-09-04 13:33
Core Insights - Reklaim Ltd. reported a revenue increase of 18% year-over-year for Q2 2025, reaching $1.30 million, marking the fifth consecutive quarter of growth [5] - The company eliminated its debenture, reducing liabilities by over $800,000 and removing future interest expenses, which allows for a cleaner balance sheet [5][4] - Reklaim launched new products, including Reklaim Protect and Reklaim Jackpot, aimed at enhancing consumer engagement and establishing new revenue streams [5][4] Financial Highlights - Revenue for Q2 2025 was $1.30 million, up from $1.10 million in Q2 2024 [5] - Gross margin decreased to 77% from 81% in Q2 2024 due to investments in product launches and temporary distribution platform usage [5] - EBITDA improved to ($140,634) from ($332,776) in Q2 2024 [5] - Cash balance increased by 19.6% to $419,000 from Q1 2025 [5] Operational and Strategic Highlights - The company introduced Reklaim Protect, an AI subscription-based privacy service, in May 2025, creating a new recurring revenue stream [5] - With the enactment of privacy laws in eight additional U.S. states, a total of 20 states now have comprehensive data privacy frameworks, increasing demand for Reklaim's solutions [5] - The Reklaim Jackpot initiative was launched in July 2025 to reward consumer participation, enhancing engagement and retention [5] - The Shares for Redemption (S4R) program allows consumers to redeem points for common shares, aligning consumer rewards with long-term shareholder interests [5] Miscellaneous - Reklaim engaged Independent Trading Group Inc. for market-making services to improve liquidity and maintain an orderly market for its shares [6] - The company purchased 105,000 common shares at an average price of $0.09 under its normal course issuer bid for cancellation [5]
Reklaim Expands Privacy Tools with Real-Time Data Breach Alerts & Vermont Data Broker Opt-Outs for Reklaim Protect Subscribers
Newsfile· 2025-07-31 12:43
Core Insights - Reklaim Ltd. has introduced two new privacy tools for Reklaim Protect subscribers: Breaking Breach Alerts and Vermont Data Broker Opt-Outs, enhancing real-time consumer protection against data threats [1][2][3]. Group 1: New Features - Breaking Breach Alerts provide subscribers with real-time notifications of major data breaches, enabling them to take immediate actions such as changing passwords or freezing accounts [3][5]. - Vermont Data Broker Opt-Outs expand Reklaim's coverage, allowing users to opt-out of data sales in Vermont, which has stringent data broker regulations, thus enhancing consumer protection [4][5]. Group 2: Subscription Details - Reklaim Protect is available at a competitive price of $1 per month or $10 per year, offering features like automated opt-outs from data brokers, data removal monitoring, and now, breach alerts [5][9]. - The service is positioned as one of the most accessible consumer privacy tools in the market, emphasizing affordability and comprehensive coverage [5][9]. Group 3: Company Overview - Reklaim is a pioneer in consumer data privacy and compliant data monetization, empowering users to control their personal data and earn rewards for participation in a privacy-first data economy [8][9].