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AmeriTrust Announces Brokered Offering of up to $60,000,000
Accessnewswireยท 2025-10-07 12:55
Core Viewpoint - AmeriTrust Financial Technologies Inc. has announced a brokered offering to raise capital through a Debenture Offering of up to $45 million and a LIFE Offering of up to $15 million, with potential increases based on the Agent's Option [1] Group 1: Company Overview - AmeriTrust is a fintech platform focused on automotive finance [1] - The company is engaging Clarus Securities Inc. as the Agent for the offering [1] Group 2: Financial Details - The total amount targeted for the offerings is up to $60 million, combining both the Debenture and LIFE offerings [1] - The Debenture Offering is set for up to $45 million, while the LIFE Offering is up to $15 million [1] Group 3: Management Commentary - Jeff Morgan, CEO of AmeriTrust, expressed excitement about the anticipated support from existing shareholders and the potential for new strategic investors [1]