AmeriTrust Announces Warrant Exercise Proceeds of $35 Million

The proceeds are intended to fund vehicle lease contracts and provide collateralized capital for external lease financing facilities.

Rhea-AI Summary

AmeriTrust Financial Technologies (AMTFF) has received CAD$35,073,967 in gross proceeds from warrant exercises linked to its January 2026 financing.

Holders exercised 285,867,642 convertible debenture and LIFE warrants at $0.12, generating $34,304,117, and 15,397,000 broker warrants at $0.05, generating $769,850. The company's total cash balance is over CAD$65 million. AmeriTrust intends to fund additional new and used vehicle lease contracts and provide collateralized capital to secure lease financing facilities from external financial institutions. Proceeds are also intended for general working capital.

4 points · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointWarrant exercises delivered CAD$35,073,967 in gross proceeds to AmeriTrust.
• Moderate pointTotal cash balance stands at over CAD$65 million.
• Minor point. Forward-looking: it has not happened yet and may not happen.AmeriTrust intends to fund additional new and used vehicle lease contracts with the proceeds.
• Minor point. Forward-looking: it has not happened yet and may not happen.AmeriTrust plans to provide collateralized capital to secure lease financing facilities from external financial institutions.

Negative

• Minor pointExercise of 285,867,642 convertible debenture and LIFE warrants at $0.12 dilutes existing shareholders.
• Minor pointExercise of 15,397,000 broker warrants at $0.05 dilutes existing shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Toronto, Ontario--(Newsfile Corp. - October 6, 2026) - AmeriTrust Financial Technologies Inc. (TSXV: AMT) (OTCQB: AMTFF) (FSE: 1ZV) ("AmeriTrust", "AMT" or the "Company"), a fintech platform focused on automotive finance, announces that it has received gross proceeds of CAD$35,073,967 from the exercise of warrants.

In January 2026, AmeriTrust completed a brokered offering of convertible debenture and LIFE units (the "Offering"). Under the Offering, subscribers were issued an aggregate of 598,749,871 warrants with an exercise price of $0.12 and an expiry date of five years. In addition, a total of 15,743,000 broker warrants were issued with an exercise price of $0.05 and an expiry date of two years. To date, a total of 285,867,642 convertible debenture and LIFE warrants have been exercised for proceeds of $34,304,117 and 15,397,000 broker warrants have been exercised for proceeds of $769,850. The aggregate gross proceeds received to date from the exercise of convertible debenture, LIFE and broker warrants is $35,073,967. The Company intends to use the proceeds to fund additional new and used vehicle lease contracts, to provide collateralized capital to secure lease financing facilities from external financial institutions and for general working capital purposes.

Jeff Morgan, Chief Executive Officer of AmeriTrust, commented:

"We began restarting our leasing operations early in 2026, after the close of approximately CAD$40 million convertible debenture and equity financing. After a very successful ramp up, we began working with our shareholders, who participated in the financing late last year, to exercise the $0.12 warrants providing significant additional capital into the business. I am very pleased that many of our shareholders, including myself, have exercised over CAD$35 million in warrants - bringing our total cash balance to over CAD$65 million."

Mr. Morgan continued: "Strategically, this capital further enhances the strength of the Company's balance sheet and will be a positive catalyst to increase our self-funded lease portfolio and to secure additional funding facilities to continue to grow our business at an accelerated pace. We are very thankful to our warrant holders as they increase their equity exposure, which underscores their confidence in AmeriTrust's strategy and ongoing growth of our lease portfolio across our dealer network, our strategic partnerships and the expansion of AmeriTrust Auto."

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: 1-800-600-6872

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" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, the intention to grow the business, operations, and existing and potential activities of the Company, future prospects of the Company, the ability of the Company to execute on its business plan and the anticipated benefits of the Company's business plan, anticipated use of proceeds of the warrant exercise, negotiations with potential funding partners and the ability of the Company to secure additional funding, 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.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/317633

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much has AmeriTrust raised from warrant exercises?

AmeriTrust has received CAD$35,073,967 in aggregate gross proceeds from warrant exercises to date. Convertible debenture and LIFE warrant exercises generated $34,304,117, while broker warrant exercises generated $769,850.

What were the original terms of AmeriTrust's January 2026 warrants?

The January 2026 offering issued 598,749,871 warrants with a $0.12 exercise price and a five-year expiry. It also issued 15,743,000 broker warrants with a $0.05 exercise price and a two-year expiry.