AmeriTrust Announces Results of Annual General and Special Meeting

Rhea-AI Summary

AmeriTrust (OTCQB:AMTFF, TSXV:AMT) reported that shareholders approved all matters at the June 24, 2026 Annual General and Special Meeting.

Approvals covered a five-member board, auditor appointment, the 2026 stock option and RSU plans, and authority for a share consolidation of up to 20:1 within 12 months.

AI-generated analysis. Not financial advice.

Positive

• All management proposals received shareholder approval
• Five-director board structure confirmed for ongoing governance
• 2026 Incentive Stock Option Plan reserves up to 203,433,224 shares
• 2026 RSU Plan approved within the 203,433,224-share equity pool
• Auditor HDCPA Professional Corporation reappointed for financial oversight

Negative

• Approval to consolidate shares by up to 20:1 may affect share count and price
• Large 203,433,224-share equity compensation pool could create future dilution

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Toronto, Ontario--(Newsfile Corp. - June 24, 2026) - AmeriTrust Financial Technologies Inc. (TSXV: AMT) (OTCQB: AMTFF) (FSE: 1ZV) ("AmeriTrust" or the "Company"), a fintech platform targeting automotive finance and specializing in used vehicle lease originations for the automotive industry, is pleased to announce the results of voting at its Annual General and Special Meeting of Shareholders held virtually on Wednesday, June 24^th, 2026.

Shareholders voted in favor of all items put forward by the Board of Directors and management, namely:

1. The number of Directors was set at five (5).

2. The elected Directors of the Company are: 

Jeff A. Morgan
J. Bryan Hunt Jr.
Shibu Abraham
Steven Lee
Kris Gaerlan

3. HDCPA Professional Corporation has been appointed as the Company's auditor.

4. The 2026 Incentive Stock Option Plan (20% Fixed Plan) was approved by disinterested shareholders, reserving for issuance up to 203,433,224 common shares of the Company.

5. The 2026 Restricted Share Unit Plan was approved by disinterested shareholders, reserving for issuance a maximum of 120,000,000 common shares of the Company, an amount that is included in the 203,433,224 common shares reserved in the 2026 Incentive Stock Option Plan (20% Fixed Plan).

6. Shareholders approved a special resolution providing the directors of the Company with the authority to effect a consolidation of the Shares, at any time within 12 months following the date of approval of the Consolidation Resolution, on the basis of up to twenty (20) pre-consolidation Shares for one (1) post-consolidation Share.

About AmeriTrust Financial Technologies Inc.

AmeriTrust Financial Technologies Inc., listed on the TSX Venture Exchange, OTCQB, and Frankfurt markets, is a finance solution and fintech provider disrupting the automotive industry. AmeriTrust's integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, and funders. AmeriTrust's platform is being made available across the United States.

For further information, please visit the AmeriTrust website or contact:

Shibu Abraham
Chief Financial Officer and Director
E: info@ameritrust.com
P: 800-600-6872

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects", "believes" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the description of the corporate capabilities and prospects of the Company's operating subsidiaries, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302737

FAQ

What did AmeriTrust (AMTFF) announce from its June 24, 2026 shareholder meeting?

AmeriTrust announced that shareholders approved all items at the June 24, 2026 meeting. According to AmeriTrust, this included board elections, auditor appointment, equity incentive plans, and authority to complete a share consolidation of up to 20:1 within 12 months.

How many directors were elected at the AmeriTrust (AMTFF) 2026 annual meeting?

Shareholders approved a five-member board at the 2026 meeting. According to AmeriTrust, the directors are Jeff A. Morgan, J. Bryan Hunt Jr., Shibu Abraham, Steven Lee, and Kris Gaerlan, following a resolution setting the number of directors at five.

What equity incentive plans did AmeriTrust (AMTFF) shareholders approve in 2026?

Shareholders approved the 2026 Incentive Stock Option Plan and 2026 Restricted Share Unit Plan. According to AmeriTrust, up to 203,433,224 shares are reserved for the option plan, with a maximum of 120,000,000 shares available under the RSU plan within that total.

How many shares are reserved under the AmeriTrust (AMTFF) 2026 stock option plan?

The 2026 Incentive Stock Option Plan reserves up to 203,433,224 common shares. According to AmeriTrust, the approved RSU Plan’s 120,000,000-share maximum is included within this 203,433,224-share pool, not in addition to it, forming a combined equity compensation limit.

What share consolidation did AmeriTrust (AMTFF) shareholders authorize in June 2026?

Shareholders approved a special resolution allowing a share consolidation of up to 20:1. According to AmeriTrust, directors may implement this consolidation at any time within 12 months, exchanging up to twenty pre-consolidation shares for one post-consolidation share.

Who is the auditor approved at the AmeriTrust (AMTFF) 2026 annual meeting?

HDCPA Professional Corporation was appointed as AmeriTrust’s auditor at the 2026 meeting. According to AmeriTrust, shareholders approved this appointment as part of the standard annual business to oversee the company’s financial reporting and auditing processes.

What does the AmeriTrust (AMTFF) share consolidation authority mean for investors?

The authority permits AmeriTrust to consolidate shares by up to 20:1 within 12 months. According to AmeriTrust, this would reduce the number of outstanding shares, potentially increasing the share price proportionally, while leaving each investor’s overall ownership percentage broadly unchanged.