Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • AIM6 Ventures Inc. (AIMF.P) has completed its initial public offering of 3,300,000 common shares
  • Shares were priced at $0.10 for gross proceeds of $330,000
  • AIM6 Ventures is a capital pool company and has not conducted operations of any kind
  • AIM6 Ventures granted 340,000 stock options to its directors and officers at an exercise price of $0.10 per share for a period of five years
  • The common shares were admitted for trading on the TSX Venture Exchange and will be trading under the symbol AIMF.P
  • AIM6 Ventures Inc. (AIMF.P) is unchanged, trading at C$0.10 per share at 11:30 am ET

AIM6 Ventures Inc. (AIMF.P) has completed its initial public offering of 3,300,000 common shares.

Shares were priced at $0.10 for gross proceeds of $330,000.

“The successful completion of our IPO represents an important step in AIM6’s goal of delivering superior shareholder returns,” commented Zachary Goldenberg, CEO of AIM6.

“With a team of dedicated and disciplined industry professionals, who established the AIM Ventures series of Capital Pool Companies, namely AIM2-Canopy Rivers (completed), AIM3-Vox Royalty Corp. (completed) and AIM4-TRC Management Holdings Corp. (completed), AIM6 looks forward to identifying quality targets in high growth industries seeking access to the public capital markets,” Goldenberg further stated.

AIM6 Ventures is a capital pool company (as defined in the policies of the TSX Venture Exchange). To date, the corporation has not conducted operations of any kind.

When combined with the corporation’s $360,000 in seed financing, AIM6 Ventures has raised total gross proceeds of $690,000 and has a total of 8,900,000 common shares issued and outstanding. 4,700,000 common shares are being held in escrow.

Proceeds from the IPO will be used to identify and evaluate assets for acquisition with the goal of completing a “Qualifying Transaction” under the Capital Pool Company program of the Exchange.

Haywood Securities Inc. acted as agent in connection with the offering. For its services, the agent received an administrative fee, a cash commission equal to 10% of the gross proceeds and options to purchase up to 330,000 common shares at an exercise price of $0.10 per share.

AIM6 Ventures granted 340,000 stock options to its directors and officers at an exercise price of $0.10 per share for a period of five years from the date of grant.

Zachary Goldenberg, Chief Executive Officer of AIM6, participated in the offering. All shares purchased by Mr. Goldenberg will be subject to escrow pursuant to the policies of the exchange.

The common shares were admitted for trading on the TSX Venture Exchange and will be trading under the symbol AIMF.P.

AIM6 Ventures Inc. (AIMF.P) is unchanged, trading at C$0.10 per share at 11:30 am ET.

More From The Market Herald

" Mobi724 (TSXV:MOS) selected to launch AI driven customer engagement platform

Mobi724 Global Solutions (MOS) has been selected to launch its AI-driven Customer Engagement, Data Monetization & Offers platform for RedAbierta.

" Euro Asia Pay (CSE:EAP) signs LOI to acquire NexPay

Euro Asia Pay Holdings (EAP) has signed a binding letter of intent to acquire NexPay Pty Ltd., an Australian fintech company.
Peak Fintech Group - CEO, Johnson Joseph.

" Peak Fintech (CSE:PKK) upgrades revenue and earnings guidance

Peak Fintech (PKK) has upgraded its revenue and earnings guidance to account for its planned North American expansion.

" Smithe Resources Corp. (TSXV:SMTH.P) completes IPO

Smithe Resources (SMTH.P) has successfully completed its Initial Public Offering on the TSX Venture Exchange.