Mr. Ben Aissa reports
TIGER FINANCIAL ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Tiger Financial Services Inc. intends to undertake a non-brokered private placement of
up to four million units of the company at a price of 75 cents per unit for aggregate gross proceeds of up to $3-million.
Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share at an exercise price of $1.25 per common share for a period of 24 months from the date of issuance.
In connection with the offering, the company may pay eligible finders a cash commission of up to 6 per cent of the gross proceeds raised from subscribers introduced to the company by such finders and issue non-transferable broker warrants equal to up to 6 per cent of the number of units sold to such subscribers. Each broker warrant will entitle the holder thereof to acquire one common share at a price of 75 cents per common share for a period of 24 months from the date of issuance.
The company intends to use the net proceeds from the offering for general corporate purposes. It is expected that insiders of the company will participate in the offering.
All securities issued in connection with the offering will be subject to a hold period of four months and one day from the date of closing in accordance with applicable securities laws. The offering is subject to customary closing conditions, including, but not limited to, the receipt of all necessary approvals, including the acceptance of the Canadian Securities Exchange.
About Tiger Financial Services Inc.
Tiger is an international fintech focused on high-growth emerging markets. Headquartered in Puerto Rico, the company develops and launches artificial-intelligence-powered banking infrastructure for small businesses across Southeast Asia. Led by founder and chief executive officer Ben Aissa, a fintech entrepreneur with over 20 years of international experience scaling payments and banking ventures, Tiger combines AI-driven payments, digital banking and embedded finance to serve one of the world's largest underserved business segments. Through its Vietnam subsidiary, Vietpay Technology Company Corp., Tiger has an operating foothold in Southeast Asia, and plans to expand across Thailand, Indonesia, Malaysia, the Philippines, Cambodia and Myanmar, a regional opportunity of more than 60 million small businesses.
Tiger's model combines proprietary technology with deep market expansion expertise and partnerships with licensed commercial banks, enabling the company to deliver tailored local fintech services while executing a multicountry high-growth strategy.
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