sur PowerBand Solutions Inc. (CVE:PBX)
AmeriTrust Completes Final Tranche of Brokered Offering
AmeriTrust Financial Technologies Inc., a fintech focused on automotive finance, has announced the closure of the second and final tranche of its brokered offering. This tranche raised an additional $3,365,000, adding to the $36,187,200 obtained from the first tranche in December 2025, resulting in total proceeds of $39,552,200.
The company's CEO, Jeff Morgan, expressed gratitude to existing and new shareholders and highlighted the participation of the management team. The funds are intended to support lease origins in early 2026 and for working capital.
John Wimsatt has been appointed Chief Investment Officer to leverage his expertise for enhancing lease origination funding. The initiative includes a line of credit from the Bank of Texas and plans to securitize lease contracts with other financial entities.
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