15:42:24 EST Fri 16 Jan 2026
Enter Symbol
or Name
USA
CA



Fintechwerx International Software Services Inc (2)
Symbol WERX
Shares Issued 4,295,410
Close 2026-01-15 C$ 4.47
Market Cap C$ 19,200,483
Recent Sedar Documents

Fintechwerx closes $249,999 private placement

2026-01-16 12:56 ET - News Release

Mr. Francisco Carasquero reports

FINTECHWERX ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Pursuant to Fintechwerx International Software Services Inc.'s news release dated Dec. 2, 2025, it completed its non-brokered private placement pursuant to which it has issued 223,214 units at a price of $1.12 per unit for gross proceeds of $249,999.68 on Jan. 15, 2026. Each unit comprises one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one share at a price of $1.39 per warrant share for a period of two years following closing. Proceeds of the offering will be used for general working capital, research and development, and to support sales and marketing efforts of the Fintechwerx platform.

There were no finders' fees paid in connection with the offering.

All securities issued in connection with the offering are subject to a statutory hold period expiring four months and one day after closing of the offering.

Certain insiders participated in the offering and are each considered to be a related party within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. Accordingly, each issuance is considered to be a related party transaction within the meaning of MI 61-101 but each is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b) as the company's common shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the units to be issued to each related party does not exceed 25 per cent of the company's market capitalization. The company did not file a material change report 21 days in advance of closing the offering as the terms and participants of the offering were not settled.

About Fintechwerx International Software Services Inc.

Fintechwerx is a financial technology company providing onboarding, payments, identity verification, fraud mitigation and data services to merchants, independent sales organizations and payment service providers, offering an alternative to the need for a patchwork of providers.

We seek Safe Harbor.

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