The FUTR Corporation Closes First Tranche of $6 Million Financing
/Not for distribution to
Each Unit is priced at
Net proceeds of the offering will be used for general working capital and growth initiatives, including potential acquisitions.
FUTR President Alex McDougall said “We are pleased to announce the first closing of our fully subscribed for financing which sets the Company up for a very active year ahead. We will focus on advancing our personal data monetization platform. We are delighted by the continued support of FUTR’s vision by both our existing long-term and now new strategic shareholders of the Company.”
Insiders of the Company, Michael Hilmer, Alex McDougall, Jay Graver and G Scott Paterson participated in the Financing for an aggregate amount of
The Units were offered by way of private placement pursuant to exemptions from prospectus requirements under applicable securities laws. All securities issued are subject to a four month hold period until January 10, 2026, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The Offering is subject to TSX Venture Exchange acceptance of regulatory filings.
The Company paid to eligible persons a cash finder's fee of
The securities will be not registered under
About The FUTR Corporation
FUTR’s AI Agent App is focused on putting money back in consumer’s wallets through a unique data monetization rewards system, personalized offers as well as agent-driven smart payment management. The FUTR AI Agent App will allow Enterprises to get rewarded for contributing consented Consumer data to the Agent and also allow Brands to leverage this data to improve personalization and customer acquisition.
Forward-Looking Statements
This news release may contain forward-looking statements (within the meaning of applicable securities laws) which reflect the Company’s current expectations regarding future events. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, “estimate” and other similar expressions. These statements are based on the Company’s expectations, estimates, forecasts, and projections and include, without limitation, statements regarding the future success of the Company’s business.. The forward-looking statements in this news release are based on certain assumptions. The forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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FOR FURTHER INFORMATION PLEASE CONTACT:
For more information regarding The FUTR Corporation, please contact: Jason Ewart, EVP, at 416-580-0721. For Investor Relations please contact ir@thefutrcorp.com.
Source: The FUTR Corporation