AmeriTrust Financial Technologies Inc. (TSXV: AMT | OTCQB: AMTFF | FSE: 1ZV), a Toronto-based fintech platform focused on automotive finance, announced it has received gross proceeds of CAD$35,073,967 from the exercise of warrants issued under its January 2026 brokered offering. The company's CEO states the exercise has brought AmeriTrust's total cash balance to over CAD$65 million. Proceeds are earmarked for expanding the company's vehicle lease portfolio and securing additional external financing facilities, moves investors in the automotive fintech space may be closely watching.

Key Points

  • AmeriTrust Financial Technologies Inc. (TSXV: AMT | OTCQB: AMTFF | FSE: 1ZV)
  • The company received CAD$35,073,967 in gross proceeds from the exercise of convertible debenture, LIFE, and broker warrants issued under its January 2026 brokered offering
  • 285,867,642 convertible debenture and LIFE warrants exercised at $0.12; 15,397,000 broker warrants exercised at $0.05; CEO states total cash balance now exceeds CAD$65 million
  • Investors may watch for updates on lease portfolio growth, new funding facility announcements, and AmeriTrust Auto network expansion

Warrant Exercise Details from the January 2026 Brokered Offering

Under the January 2026 brokered offering, AmeriTrust issued an aggregate of 598,749,871 warrants at an exercise price of $0.12 with a five-year expiry, alongside 15,743,000 broker warrants at $0.05 with a two-year expiry. To date, 285,867,642 convertible debenture and LIFE warrants have been exercised, generating proceeds of $34,304,117, while 15,397,000 broker warrants have been exercised for $769,850. Combined, these exercises account for the total gross proceeds of $35,073,967 disclosed in the announcement.

Planned Use of Proceeds to Accelerate AmeriTrust's Lease Portfolio

The company states it intends to deploy the warrant exercise proceeds across three priorities: funding additional new and used vehicle lease contracts, providing collateralised capital to secure lease financing facilities from external financial institutions, and supporting general working capital requirements. CEO Jeff Morgan noted in the release that the capital will act as a catalyst to grow AmeriTrust's self-funded lease portfolio and help secure further funding facilities, while expanding operations across its dealer network and strategic partnerships.

Total Cash Position and Balance Sheet Strength Following Warrant Conversions

CEO Jeff Morgan stated in the announcement that including the warrant exercise proceeds, AmeriTrust's total cash balance now exceeds CAD$65 million. This figure reflects cash accumulated since the company restarted leasing operations early in 2026, following the close of approximately CAD$40 million in convertible debenture and equity financing. Morgan noted in the release that he personally exercised warrants, and that the broader participation of shareholders underscores confidence in the company's growth strategy and lease portfolio expansion.