AmeriTrust Announces $60 Million Brokered Offering

AmeriTrust Financial Technologies Inc., a fintech platform focused on automotive finance, announced a brokered offering agreement with Clarus Securities Inc. The offering comprises up to $45 million in debentures and $15 million in LIFE units, with potential increases via agent options. This initiative aims to support the restart of lease originations and expand AmeriTrust's operations in Texas, Florida, and California, targeting a 1% market share across the US dealer market in the coming years.

The debentures mature in five years with an 8% annual interest rate. They are convertible into common shares at $0.10 per share, subject to certain conditions. LIFE units, priced at $0.07 each, include one common share and a warrant. The closing of this offering is set for October 23, 2025, pending regulatory approvals.

Proceeds will bolster lease originations and aid capital support for finance partners. The company projects growth via both direct and indirect originations.