Hank Payments Announces New Convertible Debenture Financing and Existing Convertible Debenture Conversion Inducement Program
Hank Payments Announces New Convertible Debenture Financing and Existing Convertible Debenture Conversion Inducement Program
Toronto, Ontario--(Newsfile Corp. - October 2, 2024) - Hank Payments Corp. (TSXV: HANK) ("Hank" or the "Company"), an emerging North American leader in the Banking-as-a-Service (BaaS) market with a platform that modernizes budgets and payments for enterprises and consumers announces that it will conduct a non-brokered private placement offering (the "Offering") of up to 1,000 units ("Units") at $1,000 per Unit for gross proceeds of up to $1,000,000. Each Unit consists of one $1,000 secured convertible debenture ("Debentures") and 10,000 common share purchase warrants ("Warrant"). Each Warrant entitles the holder to purchase one common share of the Company at an exercise price of $0.075 per common share for a period of two years from issuance.
安大略省多倫多-(Newsfile公司-2024年10月2日)-漢克支付公司(tsxv:HANK)("漢克"或"公司")是一家新興的北美領先的銀行即服務(BaaS)市場的平台公司,該平台現代化了企業和消費者的預算和支付,並宣佈將進行最多1,000單位("單位")的無經紀人私募定向增發("發行"),每單位定價1,000美元,募集總額最多爲1,000,000美元。每單位包括一張1,000美元擔保可轉換債券("債券")和10,000普通股購買權證("權證")。每張權證賦予持有人在兩年內以0.075美元的行使價購買一股公司的普通股。
The Debentures mature three years from the date of issue (the "Term") and bear interest at a fixed rate of 10% per annum, payable in arrears semi-annually on December 31 and June 30 of each year. The Debentures are secured by the assets of the Company through a general security agreement and rank equally with all other Debentures. At any time during the Term, a holder of Debentures may elect to convert the outstanding net principal amount, or any portion thereof, into common shares at a conversion price of $0.05 per share during the first year and $0.10 per share thereafter (the "Conversion Price"). The Company may force the conversion of the principal amount of the then outstanding Debentures (i) at any time at the Conversion Price on not less than 5 days' notice if the volume weighted average trading price of the common shares on the TSX Venture Exchange (the "TSXV") for any 10 consecutive trading day period is equal to or greater than $0.20; (ii) immediately prior to completion of a change of control; or (iii) on the maturity date. The Company may also elect to convert the interest owing at the then market price of its common shares at the time the interest becomes payable or upon a change of control, in accordance with applicable TSXV rules.
債券自發行之日起三年到期("期限"),並以每年12月31日和6月30日半年支付一次的固定利率10%計息。債券通過一份一般擔保協議以公司資產作爲抵押並與所有其他債券同等位於鞍。在任何時候期限內,債券持有人可選擇將未償還的本金金額或任何部分以0.05美元的每股轉換價轉換成普通股,第一年後每股0.10美元("轉換價")。公司可以強制要求將尚未償還的債券本金金額(i)在任何10個連續交易日期間tsxv普通股的成交價加權平均價達到或超過0.20美元時以轉換價的條件之下的5天或更長時間內提前提前轉換價;(ii)在實施控制權變動之前立即;或(iii)在到期日。公司還可以按照適用tsxv規則選擇將應支付利息按其普通股的市價轉換或在支付利息時或控制權變動時按照tsxv規則轉換。
The proceeds from the Offering will principally be used for debt repayment and general working capital. All securities issued pursuant to the Offering are subject to a statutory hold period of four months and a day from closing. The Offering is subject to TSX Venture Exchange acceptance of regulatory filings.
發行所得款項主要用於償還債務和一般營運資金。所有根據發行安排發行的證券將受到自發行結束後四個月零一天的法定凍結期限。發行需獲得TSXV對監管文件的接受。
The securities offered pursuant to the Offering have not been, nor will they be, 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.
根據本次發行所提供的證券未經根據1933年修訂案註冊的美國證券法進行註冊,可能不得在美國境內或對美國人或爲其帳戶或利益而提供或出售,除非按照相關豁免規定進行註冊。本新聞稿不構成出售的要約,也不構成買入的邀約,也不得在任何違反法律的司法管轄區內出售該證券。
The Company also announces that it will amend certain terms of its existing outstanding $2,544,000 convertible debentures (each, an "Existing Debenture"), for a thirty (30) day period (the "Debenture Amendment"), in connection with the private placements of debenture units consisting of $1,000 principal amount of 10% Existing Debentures on December 15, 2022, April 13, 2023, June 15, 2023 and January 30, 2024. Hank also intends to settle up to $200,732.05 of interest owing in connection with the Existing Debentures by issuance of up to 4,014,641 common shares of Hank. The Debenture Amendment remains subject to TSX Venture Exchange acceptance of regulatory filings.
公司還宣佈將就現有未償還的2,544,000美元可轉換債券(各稱爲"現有債券")修改某些條款,爲期30天("債券修正"),並在2022年12月15日、2023年4月13日、2023年6月15日和2024年1月30日進行包括10%現有債券本金在內的債券單位的定向增發。漢克還打算通過發行最多4,014,641股漢克普通股抵消與現有債券相關的最多200,732.05美元利息。債券修正仍需獲得TSXV對監管文件的接受。
Prior to the Debenture Amendment taking effect, the Existing Debentures are convertible into common shares of the Company (each, a "Debenture Share") at a price of $0.10 per Debenture Share. Commencing on October 2, 2024 and ending on November 2, 2024 (the "Inducement Period"), the conversion price of the Existing Debentures will be amended from $0.10 per Debenture Share to $0.05 per Debenture Share. After the expiry of the Inducement Period, the conversion price of the Existing Debentures will revert to $0.10 per Debenture Share.
在債券修正生效之前,現有債券可以按照每股0.10美元的價格轉換爲公司的普通股(各稱"債券股")。自2024年10月2日起至2024年11月2日期間("誘導期"),現有債券的轉換價格將由每股0.10美元調整爲每股0.05美元。誘導期屆滿後,現有債券的轉換價格將恢復至每股0.10美元。
About Hank Payments Corp.
關於Hank Payments Corp.
Hank Payments Corp (the Company or "Hank") is a North American leader in consumer Fintech Software-as-a-Service (SaaS) and Banking-as-a-Service (BaaS) platforms that manages consumer cash flow and budgets on an automated basis using proprietary algorithms that collect, store and disburse cash as required to discharge obligations in a timely fashion. The Hank stack provides for several vertical market applications of the technology, with features specific to channels and enterprise accounts ("Partners") that allow those partners to operate new lines of business and revenue streams, using Hank. The Partners benefit from new revenue streams and powerful insights that open up additional opportunities for Partners to grow assets using Hank. The Company operates exclusively across the USA, with certain leadership and technology functions in Toronto. Hank houses the complex technology, banking, treasury, customer service, sales and operations teams that acquire and service consumers. Hank currently charges upfront enrolment/setup fees and recurring monthly fees based on the types and quantity of payments that Hank Payments administers for the consumer (the "Users"). The Company acquires Users through various channels including (i) small to medium sized enterprises (the "SME Partners") and (ii) large enterprise businesses (the "Enterprise Partners"). The Company's BaaS model is emerging which is expected to add additional fees including software licensing and usage fees. For more information visit our website at .
Hank Payments Corp(下稱公司或「Hank」)是一家北美領先的消費金融科技軟件即服務(SaaS)和銀行即服務(BaaS)平台,使用專有算法自動管理消費者的現金流和預算,根據需要收取、存儲和發放現金以及適時滿足義務。Hank堆棧提供技術的多個垂直市場應用程序,具有針對渠道和企業客戶(「合作伙伴」)的特定功能,使這些合作伙伴能夠使用Hank開展新的業務和收入流,從中受益。合作伙伴從Hank獲得新的收入流和強大的見解,打開了更多機會,可以使用Hank增加資產。該公司只在美國運營,但在多倫多擁有某些領導和技術職能。Hank團隊負責獲取和服務消費者,負責管理複雜的技術、銀行業務、財務、銀行管理、企業客戶管理和銷售運營。Hank目前收取預先支付的註冊/設置費和每月重複費,根據Hank Payments爲消費者(「用戶」)管理的付款類型和數量收取。該公司通過各種渠道獲得用戶,包括小到中型企業(「SME合作伙伴」)和大企業(「企業合作伙伴」)。該公司的BaaS模型正在興起,預計將增加其他費用,包括軟件許可和使用費。有關更多信息,請訪問我們的網站。.
Forward-Looking Statements
前瞻性聲明
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. Financial performance figures in Canadian Dollars unless otherwise indicated by "U" representing United States Dollars.
本新聞稿中的前瞻性聲明是基於某些假設的,包括但不限於股份在TSXV上開始交易。前瞻性聲明並不是未來業績的保證,存在難以控制或預測的風險和不確定性。有多種因素可能導致實際結果與前瞻性聲明中討論的結果大不相同,因此讀者不應對任何此類前瞻性聲明產生過度依賴。此外,這些前瞻性聲明是根據本新聞稿發佈的日期制定的,並且除非根據適用法律明確規定,否則公司不承擔公開更新或修訂任何前瞻性聲明的義務,無論是因爲新信息,未來事件還是其他原因。
The forward-looking statements in this news release are based on certain assumptions, including without limitation the Shares beginning trading on the TSXV. 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.
有關Hank支付公司的更多信息,請聯繫:Jason Ewart,執行副總裁資本市場,電話416-580-0721。有關投資者關係,請聯繫ir@hankpayments.com或訪問公司的網站。
FOR FURTHER INFORMATION PLEASE CONTACT:
欲了解更多信息請聯繫:
For more information regarding Hank Payments Corp., please contact: Jason Ewart, EVP Capital Markets, at 416-580-0721. For Investor Relations please contact ir@hankpayments.com and visit the Company's website at
有關Hank Payments Corp.的更多信息,請聯繫:資本市場EVP Jason Ewart,電話:416-580-0721。有關投資者關係,請聯繫ir@hankpayments.com,並訪問公司的網站。
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.
TSX Venture Exchange及其監管服務提供者(如TSX Venture Exchange的政策所定義的那樣)對此發佈的充分性或準確性不承擔任何責任。
譯文內容由第三人軟體翻譯。