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Vertiqal Studios Announces Senior Secured Debenture Financing
Vertiqal Studios Corp. (TSX: VRTS) (FSE: 9PY0) ("Vertiqal" or the "Company") Vertiqal today announces that it intends to complete a senior secured debenture financing of up to USD$2,000,000 (the "Offering") bearing an annual interest rate of 13% and maturing eighteen months from the date of issuance ("Maturity Date"). The debentures will be secured by a first-ranking security interest over all present and after-acquired property and assets of the Company. Interest will accrue and be payable as a balloon payment on the Maturity Date. Proceeds from the Offering will be used for general working capital purposes. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.
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COMTEX_472432251/2227/2026-01-26T20:22:52