Mr. David Michaud reports
PARVIS ANNOUNCES ENHANCED FINANCING TERMS: FULL WARRANTS, CONVERTIBLE STRUCTURE, AND BOARD PARTICIPATION
Parvis Invest Inc. has amended its previously announced concurrent financing. The concurrent financing, originally structured as a non-brokered private placement of equity units, has been amended to consist of unsecured convertible debentures to raise gross proceeds of up to $3-million. All other material terms of the concurrent financing remain unchanged, including the offering price of 55 cents per debenture unit and the warrant exercise price of 65 cents. The concurrent financing is being undertaken in connection with the company's previously announced binding letter of intent to acquire Atlas One Digital Securities Inc. and its signed share purchase agreement to acquire FavorPoint Capital LLC, a FINRA-registered U.S. broker-dealer.
Use of concurrent financing proceeds
Concurrent financing is a component of Parvis's broader North American expansion strategy, through which the company is building a fully integrated private markets platform operating across both Canadian and United States capital markets. Net proceeds will be directed toward the integration of Atlas One, the acquisition and integration of FavorPoint onto the Parvis platform through the FINRA continuing membership application process, and working capital to support the general and administrative expenses of the company.
Details of the amended concurrent financing
The concurrent financing, as amended, consists of unsecured convertible debentures with an aggregate principal amount of up to $3-million, at a subscription price of 55 cents per unit. Each unit of debenture consists of 55 cents in principal amount and one whole common share purchase warrant (amended from one-half of one warrant). Each whole warrant is exercisable to acquire one common share at a price of 65 cents for a period of 24 months from the date of closing.
The debentures will bear interest at 10 per cent per annum, will mature 24 months from closing and will be convertible into common shares at the option of the holder at a conversion price of 55 cents per share. The offering is anticipated to close on or about July 31, 2026, subject to TSX Venture Exchange acceptance and satisfaction of customary closing conditions. All securities issued will be subject to a statutory hold period of four months and one day from the closing date. The proposed offering price remains subject to exchange acceptance.
Board participation
The company is pleased to announce that certain members of its board of directors intend to participate in the concurrent financing by subscribing for debentures on the same terms as other investors. Board participation reflects the directors' continued confidence in the company's strategic direction and their alignment with shareholders as Parvis executes on its North American expansion. Further details regarding insider participation will be disclosed in accordance with applicable securities laws and TSX Venture Exchange policies.
Completion of strategic debenture offering
The company also announces that it has issued and completed the final tranche of the convertible debenture offering to Lankin Investments Inc., as originally announced on June 4, 2025. The final tranche of $100,000 has been fully issued and all debentures from the three-tranche offering, totalling $700,000 in aggregate principal, have been converted into common shares of the company. This marks the completion of Parvis's strategic financing arrangements with Bluestar and Lankin, both of which have been instrumental in supporting the company's growth strategy.
Transaction overview: three transactions, one platform
Over the past several months, Parvis has completed three strategic transactions that together establish the company as a fully integrated, cross-border private investment platform. The acquisition of Richmond Global Wealth, completed April 6, 2026, adds full-service wealth advisory capability. The pending acquisition of Atlas One Digital Securities, Canada's registered exempt market dealer, will consolidate national private market distribution. In addition to the pending acquisition of FavorPoint Capital, a FINRA-registered U.S. broker-dealer, will unlock direct access to U.S. accredited investors -- giving Canadian issuers a credible, regulated path to American capital for the first time. Parvis believes it is among the first private market platforms in Canada to have assembled this combination under a single regulated entity.
"Converting to a debenture structure with full warrants further aligns our capital raise with what our investors are asking for," said David Michaud, founder and chief executive officer of Parvis. "It gives participants flexibility and financial incentive that accrues from day one of participation. The fact that members of our own board are investing alongside our broader investors speaks to our conviction in what we're building. Atlas One and FavorPoint form the foundation of one integrated platform, built for an underserved segment of the financial services industry."
About Parvis Invest Inc.
Parvis is a technology-driven investment platform dedicated to expanding access to institutional-quality private market opportunities. Headquartered in Vancouver, Parvis operates across Canada with teams in Toronto, Vancouver and Montreal. The company is listed on the TSX Venture Exchange and (via its subsidiary) is registered as an exempt market dealer under National Instrument 31-103.
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