Toronto, Ontario--(Newsfile Corp. - August 26, 2025) - The FUTR Corporation (TSXV: FTRC) ("FUTR" or the "Company"), a consumer-centric platform for data valuation and monetization, is pleased to announce that it has received firm commitments for a non-brokered private placement of 17 million Units at $0.30 per Unit for aggregate proceeds of $5.1 million. The financing is scheduled to close September 4, 2025.
Each Unit is priced at $0.30 per Unit and consists of one common share and one-half warrant. Each Warrant is exercisable to acquire one Common Share at a price of $0.45 until December 31, 2027, unless the stock trades at $2.20 per share on a VWAP basis over a 10-day period at which point the Board may determine to accelerate the expiration date of the Warrants to 30 days following a press release announcing such.
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 very grateful for the support of many new shareholders and several existing shareholders who are enthusiastic about our vision of The FUTR Corporation. We have an ambitious plan with FUTR and are confident we will be a leader in the personal data monetization space."
It is expected that insiders of the Company, Michael Hilmer, Alex McDougall, Jay Graver and G Scott Paterson will participate in the Financing for an aggregate amount of $270,000 representing 900,000 Units. Such participation is considered a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). In completing such transaction, the Company relying on exemptions from the formal valuation and minority shareholders approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the Insiders' participation in the Offering does not exceed 25% of the fair market value of the Company's market capitalization.
The Units are being 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, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The Offering has received conditional approval from the TSXV.
The Company will pay to eligible persons a cash finder's fee of 7% of Units placed and finder's warrants equal to 7% of the aggregate number of Units sold under the Offering. Each Finder Warrant is exercisable to acquire one Unit of the Company until September 30, 2027, at an exercise price of $0.30 per Unit subject to an acceleration provision.
The securities will be not registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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.
www.thefutrcorp.com
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.
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.
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.
/Not for distribution to U.S. news wire services or dissemination in the United States/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263924
SOURCE: The FUTR Corporation
