Aankondiging • May 02
Tenet Fintech Group Inc., Annual General Meeting, Jun 30, 2025 Tenet Fintech Group Inc., Annual General Meeting, Jun 30, 2025. Aankondiging • Mar 16
Tenet Fintech Group Inc. announced that it has received CAD 3.649167 million in funding On March 14, 2025, Tenet Fintech Group Inc. closed the transaction. The company issued 72,983,340 units at issue price of CAD 0.05 for gross proceeds of CAD 3,649,167 in the transaction. The company paid CAD 291,933.36 as cash finder's fee and 5,838,667 finder's warrants. Each finder's warrant entitles the holder thereof to subscribe for one common share at a price of CAD 0.15 during the 24 months following its issuance, subject to the accelerated expiry date conditions. Aankondiging • Mar 07
Tenet Fintech Group Inc. announced that it expects to receive CAD 3 million in funding Tenet Fintech Group Inc. announced a non-brokered private placement to issue 60,000,000 units at issue price of CAD 0.05 for gross proceeds of CAD 3,000,000 on March 6, 2025. Each unit of the Offering will be comprised of one common share of the Company and one Common Share purchase warrant. Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.15 for a period of 24 months from the date of issuance thereof. Certain qualified individuals and registered investment dealers may assist the Company with respect to the Offering by introducing potential subscribers to the Company, and in connection therewith, may receive from the Company, if agreed upon between the Company and the applicable Finders and subject to compliance with securities laws, a cash finder's fee equal to 8% of the gross proceeds raised and a number of finder's warrants equal to 8% of the number of Units placed. Each Finder's Warrant will entitle the holder thereof to subscribe for one Common Share at a price of CAD 0.20 during the 36 months following their issuance, subject to the Accelerated Expiry Date conditions. The securities issued in connection with the Offering are subject to a hold period of four months and one day from the closing date of the Offering. Completion of the Offering is subject to certain conditions,
including compliance with the policies of the Canadian Securities Exchange. Aankondiging • Mar 06
Tenet Fintech Group Inc. Launches ie-Pulse Microeconomic Data Platform Tenet Fintech Group Inc. announced that it has launched its ie-Pulse macroeconomic data platform aimed at providing a sense of economic activity by leveraging small and medium sized enterprise (SME) financial and operational data gathered through the Company's Business Hub platform. While the platform is only launched with a single index (the Canada Professional, Scientific and Technical Services Sales Index) and it's not yet providing macroeconomic data on the Chinese economy, the idea is to eventually be able to expand and leverage the Business Hub to give clients a sense of how economies around the world are performing on a daily basis. With the development of the ie-Pulse platform completed and the initial index launched, Tenet plans to launch new indexes every month while systematically increasing the number of SMEs in each index to be gradually more representative of the industrial sectors covered by the indexes. To be considered for inclusion in an index, SMEs need to meet specific criteria, including keeping their books up to date and having at least a year of complete data in their accounting software systems. This allows Tenet to create historical values for the indexes, which can then be back-tested against official macroeconomic data previously released by the government and, thus, establish performance benchmarks for the indexes. The Company plans to work on ie-Pulse enhancements and improvements with capital market advisors, economists, government representatives and academics going forward to ensure that ie-Pulse continues to deliver value to its intended clientele, and ultimately, to Tenet shareholders. Aankondiging • Jan 09
Tenet Fintech Group Inc.'S Business Hub Onboards Some 400 Smes in A Single Day to Make First Microeconomic Indexes Viable Tenet Fintech Group Inc. announced that a recent single-day influx of data from almost 400 small and medium-sized enterprise on its Business Hub platform has now made the commercialization of the Company's first macroeconomic indicator indexes viable. Tenet initially targeted the launch of its first ie-Pulse macroeconomic indicator indexes by the end of 2024. However, the lack of sufficient SME data shared through the Business Hub at that time made the launch unfeasible. Tenet worked closely with its bookkeeping service partners in late 2024 to speed up SME registrations on the Business Hub in preparation for the ie-Pulse launch. The Company updated the platform to allow its bookkeeping service partners, with their clients' consent, to register multiple SMEs on the platform at a time. Previously, the platform was designed to connect only with individual SMEs' accounting software systems. This adjustment introduced technical complexities that required additional time to address, which contributed to the delayed launch of the ie-Pulse offering. With the enhancements now complete, Tenet will be looking to release the initial version of the ie-Pulse indexes following a short two-to-three-week internal testing period. Aankondiging • Dec 19
Tenet Fintech Group Inc. announced that it has received CAD 1.055 million in funding On December 18, 2024. Tenet Fintech Group Inc. has closed the transaction. it has issued 1,900,000 units at a price of CAD 0.1 for proceeds of CAD 190,000 in its final tranche. Aankondiging • Dec 04
Tenet Fintech Group Inc. announced that it has received CAD 1.966 million in funding On December 3, 2024, Tenet FintechGroup Inc closed the transaction. The company announced that it has issued 11,010,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 1,101,000 in second and final tranche. Each unit of the Offering will be comprised of one common share of the company and one common share purchase warrant. Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of CAD 0.20 for a period of 36 months from the date of issuance thereof. The securities issued in connection with the Offering are subject to a hold period of four months and one day from the closing date of the Offering. Certain qualified individuals and registered investment dealers , who assisted the Company with respect to the Financing, received from the Company, in compliance with securities laws, a cash finder's fee equal to 8% of the gross proceeds raised and a number of finder's warrants equal to 8% of the number of Units placed. Each Finder's Warrant entitles the holder thereof to subscribe for one Common Share at a price of CAD 0.20 during the 36 months following its issuance, subject to the Accelerated Expiry Date conditions. Aankondiging • Nov 13
Tenet Fintech Group Inc. announced that it expects to receive CAD 2 million in funding Tenet Fintech Group Inc. announced a private placement of up to 20,000,000 units at a price of CAD 0.10 per unit for the gross proceeds of CAD 2,000,000 on November 12, 2024. Each unit of the Offering will be comprised of one common share of the company and one common share purchase warrant. Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of CAD 0.20 for a period of 36 months from the date of issuance thereof. The securities issued in connection with the Offering are subject to a hold period of four months and one day from the closing date of the Offering. A first tranche of the Offering is expected to close on or before November 15, 2024. Completion of the Offering is subject to certain conditions, including compliance with the policies of the Canadian Securities Exchange. The company may pay a cash finder's fee equal to 8% of the gross proceeds raised and a number of finder's warrants equal to 8% of the number of units placed. Aankondiging • Oct 10
Tenet Fintech Group Inc. Releases Beta Versions of Networking and Advertising Modules of Business Hub Tenet Fintech Group Inc. announced that it has released beta versions of the networking and advertising modules of its Business Hub to a select group of the platform's existing clients. The beta release of the new modules constitutes what the Company deems to be a "soft launch" of the features to allow some existing members to test the new functionalities and provide their feedback and comments to the Company before a planned Canada-wide release following the beta phase. Those taking part in the soft launch will receive 1,000 Cubeler Points, which they will be able to redeem to download market intelligence reports, unlock additional platform features or run advertising campaigns on the Business Hub to promote their products or services. Aankondiging • Sep 05
Tenet Fintech Group Inc. announced that it has received CAD 3.9075 million in funding On September 4, 2024 the company closed the transaction. The company has issued 39,075,000 units to accredited investors, with each unit priced at CAD 0.10 for gross proceeds of CAD 3,907,500. Aankondiging • Apr 28
Tenet Fintech Group Inc., Annual General Meeting, Jun 26, 2024 Tenet Fintech Group Inc., Annual General Meeting, Jun 26, 2024. Aankondiging • Oct 28
Tenet Fintech Group Inc. Announces Board Appointments Tenet Fintech Group Inc. announced the results of the special meeting of shareholders held October 26, 2023 (the "Meeting"). At the Meeting, shareholders approved the increase of the size of the Board of Directors to five, and elected Yves C. Renaud and Sanjay Sharma to the Board. Mayco Quiroz, who was elected to the Board of Directors of the Company on June 27, 2023, resigned his position effective as of the close of the Meeting and was appointed to the position of Chief Operating Officer of the Company. Mr. Quiroz is a Chartered Professional Accountant (CPA) specializing in strategic and operations management, legal and financial compliance, treasury management and financing. He brings close to 25 years of professional experience, including 15 years working with Fintech companies, to Tenet's executive and leadership team. Mr. Quiroz is expected to work in close collaboration with Tenet CEO Johnson Joseph and Tenet Chief Analytics Officer Dr. Luis Rocha on the development and commercialization of the Company's data-driven products through Tenet's Tenoris3 subsidiary. Tenet's Board of Directors is now comprised of three independent directors, namely Jean Leblond, Yves C. Renaud and Sanjay Sharma, and two non-independent directors in CEO Johnson Joseph and Liang Qiu who serves as CEO of Tenet's Chinese operations. New Risk • Jun 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.29m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 67% per year over the past 5 years. Market cap is less than US$10m (US$9.29m market cap). Minor Risk Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Aankondiging • Jun 02
Tenet Fintech Group Inc. announced that it expects to receive CAD 3 million in funding Tenet Fintech Group Inc. announced a non-brokered private placement of up to 21,428,571.42 units at the price of CAD 0.14 per unit for gross proceeds of up to CAD 3,000,000 on June 1, 2023. Each Unit sold is comprised of one common share and one common share purchase warrant to purchase one common share at a price of CAD 0.175 per share any time prior to two years following the closing of the first tranche dffering, subject to certain terms and conditions. The transaction will happen in tranches of a minimum of CAD 300,000 per tranche over a period of six months. The first tranche offering 2,142,858 units is offered at a price of CAD 0.14 per unit, for gross proceeds of CAD 300,000.12. The first tranche offering will take place by way of a private placement to a Cayman segregated portfolio company, Open–Ended Fund, managed by an investment firm headquartered in Hong Kong. It is the intention of the parties that the offering of the units will be made in reliance on the exemptions available in OSC Rule 72-503 distributions outside canada. The Company expects to close the first tranche offering on Thursday June 7, 2023. Subsequent tranches of units in the offering will be priced at the time of each such tranche, within the pricing policies of the Canadian Securities Exchange. Aankondiging • May 20
Tenet Fintech Group Inc. Announces Cessation of Jean Landreville as Chief Financial Officer Tenet Fintech Group Inc. announced as part of the Company's management transition, Jean Landreville has left the Company as Chief Financial Officer, effective immediately. A search for a new CFO is underway. Aankondiging • May 09
Tenet Fintech Group Inc. Announces CEO Changes Tenet Fintech Group Inc. announced that Carol Penhale, the Company's Chair, has been appointed Interim CEO, while the Board remains committed in its on-going focus on securing financing for the Company. Ms. Penhale will act as the Interim-CEO for a period of three months while the Company's search continues for permanent Chief Executive Officer candidates since Mr. Wahidy has informed the Board that he would no longer serve as Acting CEO of the Company. Ms. Penhale has spent more than 35 years in financial services in a variety of roles across capital markets, banks and asset management organizations including Broadridge Financial, Mackenzie Investments and DST International. Ms. Penhale has significant business experience, and a background in technology and data transformation initiatives in strategic consulting and interim C-level management roles. Her experience crosses many layers of financial services globally, including strategic planning, operations recalibration, systems development, program management, business development and customer experience handling enhancements. She has B.A. from the University of Toronto, a certificate from the University of Edinburgh and has a degree in programming and systems analysis from The Institute for Computer Studies. The independent board members of the Company continue to have active discussions with various firms to assist the Company with its financing efforts. These firms recognize Tenet's efforts to streamline operations to reduce the Company's costs and the market opportunity that is available to Tenet. Aankondiging • Feb 04
Peak Fintech Group Inc. Launches Cash Advance Financing Program for Jd.Com Suppliers Peak Fintech Group Inc. announced the launch of a new Cubeler Lending Hub financing program for JD.com ("JD") product suppliers that will allow them to receive cash advances on product orders they get from JD. The program was developed in collaboration with certified JD product supplier Xiamen Guangzhui Ltd. ("Xiamen"), which recently officially became a Lending Hub member. Xiamen, which provides JD with various brands of liquor, snack foods and non-alcoholic beverages, explained the cash crunch it and other suppliers of the online giant face because they must pay product manufacturers in advance when placing orders but only receive payment from JD two weeks after the products have been delivered to JD's warehouses. It should be noted that there are important differences between this program and the distributor and retailer financing program launched by Peak in October 2020. For instance, rather than being based on the usual AI and data analysis performed by the Lending Hub software, funding approval under this program is based solely on verified product orders from JD received by the suppliers. So the program and the lenders who accept to extend credit based on it are essentially relying on JD's ability to pay for the orders that it has placed with the suppliers rather than on the suppliers' ability to pay back the short-term cash advances. Peak will collect a flat service fee equal to a percentage of the value the cash advanced on all transactions, regardless of the duration of the cash advances, while lenders who provide the funds can expect to earn interest calculated daily on the sums advanced for the duration of the terms, which typically will be for a one to two-week period. Xiamen believes that gaining access to cash advances through the program will allow it to significantly increase its business with JD. Meanwhile, the program was launched with cash advances totalling RMB 5 million (about CAD 994,000) extended to Xiamen, related to orders for snack foods and soft drinks for the first week of February 2021. Aankondiging • Jan 31
Peak Fintech Group Inc. Appoints Dana Ades-Landy to its Board of Directors Peak Fintech Group Inc. announced that it has added former banking executive, Dana Ades-Landy to its Board of Directors. Ms. Ades-Landy has over 25 years of experience in strategic development, governance and advocacy in the banking and financial services sector. She is currently in her second tour of duty with the National Bank of Canada where she works with the bank's special loans group, managing a diverse portfolio of commercial and corporate clients while providing coaching and mentoring to the group's less seasoned members. She first worked at the National Bank of Canada from 1993 to 2004 occupying various management and executive positions, culminating with the position of Vice-President, Credit Risk and Specialized Products. Aankondiging • Jan 29
Peak Fintech Group Inc. Continues Expansion of Retailer Financing Program with Addition of 3rd Distributor Peak Fintech Group Inc. announced that beverage distributor Xiamen Guangzhui Ltd. ("Xiamen") became the third distributor after Beijing Dianjing Company Ltd. and Beijing Jingying Corporate Management Ltd. to join the company's program specifically created to bring financing solutions to wholesale distributors and their retail clients through the Cubeler Lending Hub platform. Xiamen has over 1,100 retail clients, including e-commerce giant JD.com, and owns distribution rights to several popular beverages in China, including exclusive rights for Red Bull energy drinks at PetroChina convenience stores in Guizhou province. Xiamen expects to distribute approximately 24 million cans of Red Bull per year worth about CAD 19.6 million and will now use Peak's Lending Hub powered program to finance its acquisitions of the popular energy drink. Clients purchasing merchandise from Xiamen are also eligible to have their purchase orders financed through the program. Aankondiging • Jan 19
Peak Fintech Group Inc. Signs Agreement with Rongbang Technology Ltd. to Implement Payment Processing and Fund Transfer Services to Cubeler Lending Hub Ecosystem Peak Fintech Group Inc. announced that it has signed an agreement with China UnionPay subsidiary, Rongbang Technology Ltd. (Rongbang), that will give the Company the ability to process payments, settle transactions and transfer funds between lending institutions, banks and the businesses that are part of its Lending Hub ecosystem. Peak becomes a transaction aggregator partner for Rongbang and will now be able to control the flow of funds within the Lending Hub ecosystem from start to finish. Peak's clients will have virtual bank accounts within the Lending Hub ecosystem where they can hold cash balances and pay for products and services. Peak will have the ability to debit and credit its clients' real bank accounts held outside of Lending Hub, as well as offer new value-added services, such as escrow services. Any transaction involving the movement of funds will earn Peak a service fee, potentially doubling current transaction fees, earning new fees on loan disbursements and every loan repayment transaction. Peak will earn a 1.5% to 3.0% annual fee on the aggregate value of the funds held in its clients' virtual bank accounts. Aankondiging • Dec 18
Peak Fintech Group Inc. Provides Corporate Update on Operations Peak Fintech Group Inc. (‘Peak’ or the ‘Company’) provided the following update on its operations and recent events that have occurred since the end of the Company's third quarter of 2020. The Jiangyin Financial Centre is an initiative of the city's municipal government. The city invited its 200,000+ businesses to join the Financial Centre to qualify for loans and credit from 34 banks and lending institutions based on data analysis and AI-based credit rules powered by the Lending Hub. Since its launch in late September, the Financial Centre has been responsible for almost 100 transactions and has brought more than 3,000 SMEs and several new raw material suppliers to the Lending Hub, including China's 2nd largest supplier of specialized steel products. Relevance and Connection to Cubeler Lending Hub Ecosystem: Peak is building its Cubeler Lending Hub ecosystem as a nation-wide commercial lending ecosystem. The Jiangyin Financial Centre can be seen as a smaller all-encompassing version of the nation-wide ecosystem that will be replicated in other cities and provide Peak with an effective way to accelerate the expansion of the Lending Hub. Main Benefits to Peak: Government endorsement, Rapid service expansion with increased transaction volumes, Addition of new banks, lenders and businesses and Template for replication to other cities. The Gold River platform is a multi-faceted e-commerce platform that allows clients to purchase products sell products, manage inventory, make financing requests, organize group purchases and perform a number of other tasks related to supply-chain transactions from the perspective of a supplier or a retailer By the end of the third quarter, Peak began re-directing some transactions related to its supply-chain financing services, previously outsourced to a third-party, to Gold River. Since then, the platform has continued to be involved in an increasing number of supply-chain financing transactions and has played a pivotal role in helping Peak sign two important agreements with national wholesale distributors. Relevance and Connection to Cubeler Lending Hub Ecosystem: The platform used to operate independently of the Lending Hub but is now fully integrated as a key component of the ecosystem and serves as the gateway to the Lending Hub and the main interface through which Peak's product distribution partners interact with the ecosystem. Aankondiging • Dec 10
Peak Fintech Group Inc. (CNSX:PKK) signed a memorandum of understanding to acquire Zhongke Software Intelligence Ltd. for CAD 20 million. Peak Fintech Group Inc. (CNSX:PKK) signed a memorandum of understanding to acquire Zhongke Software Intelligence Ltd. for CAD 20 million on December 9, 2020. Compensation package for the acquisition will be capped at CAD 20 million, which will be payable to Zhongke in a combination of cash and common shares over a certain period of time with the number of common shares payable to be based on the prevailing market price of the common shares at the time they are issued. Aankondiging • Dec 03
Peak Fintech Group Inc. Signs an Agreement with High-End Italian Retailer Gruppo Coin Peak Fintech Group Inc. announced that it has signed an agreement with high-end Italian retailer Gruppo Coin ("Coin") to provide short-term loans to Coin's social-media-influencer online sales partners. They create entertaining shows broadcasted on the platforms during which they promote and sell products with which they are associated. A show will typically cost $1,000 to $10,000 to produce, including promoting it to followers, detailing the products and the limited quantities available for the show in order to create a buzz and the FOMO (fear of missing out) factor with their followers. On average, each influencer will produce about 250 shows per year. The average show typically lasts 3 to 4 hours and offers a variety of products. Top influencers are usually able to sell out their inventory of a particular product within the first 10 minutes of the product being presented. Many influencers have achieved celebrity status, and this is rapidly becoming the preferred way to sell a variety of products in China, from cosmetics to clothing to small appliances and everything in between. In addition to the cost of producing the shows, the influencers must provide their large retail partners with a deposit of 20% to 30% of the value of the products they expect to sell for each show. This is where Peak and the Cubeler Lending Hub come into the equation. With today's announced agreement, Coin's influencer partners will be eligible to have the cost of producing their shows, their required cash deposits and their entire product orders financed through the Lending Hub. Peak will earn its customary 2% fee of the value of the loans provided for facilitating the transactions. Aankondiging • Nov 24
Peak Positioning Technologies Inc. to Report Q3, 2020 Results on Nov 26, 2020 Peak Positioning Technologies Inc. announced that they will report Q3, 2020 results on Nov 26, 2020 Aankondiging • Nov 07
Peak Positioning Technologies Inc. Hires Wenjun Wu as Special Advisor Peak Positioning Technologies Inc. announced that it has hired former People's Bank of China senior manager, Mr. Wenjun Wu, as a special advisor to assist the Company in various business development capacities and in preparing the Company's Cubeler Lending Hub platform for China's upcoming digital currency. Mr. Wu is currently the CEO of Chengfangyun Digital Technology Ltd. Prior to founding CDT, Mr. Wu was a senior manager at the People's Bank of China (PBOC), China's Central Bank, where he worked in the Credit Information Centre and Cross-border RMB Settlement departments while also leading the R&D department of the Central Bank's Nanjing branch. Aankondiging • Oct 06
Peak Positioning Technologies Inc. announced that it has received CAD 0.5 million in funding Peak Positioning Technologies Inc. (CNSX:PKK) announced a non-brokered private placement of up to 1,250,000 units at a price of CAD 0.40 per unit for gross proceeds of CAD 500,000 on October 5, 2020. The transaction included participation from a strategic institutional investor. Each unit consists of one common share and one common share purchase warrant of the company. Each warrant can be exercised to acquire one common share at a price of CAD 0.40 per share for a period of two years from the date of closing. The company paid individuals cash commission of 8% of the gross proceeds and a number of broker warrants equal to 8% of the gross proceeds. Each broker warrant entitles its holder to acquire one common share of the company at a price of CAD 0.40 for a period of 24 months from the date of closing. The securities to be issued will be subject to four months and one day hold period. Aankondiging • Oct 05
Peak Positioning Technologies Inc. Announces That Its Lending Hub Platform Is Powering A Commercial Lending Financial Centre Peak Positioning Technologies Inc. announced that its Lending Hub platform is powering a commercial lending financial centre, featuring 30 banks, 8 insurance companies and 3 investment funds, launched by the Jiangyin municipal government to help the city's businesses gain greater access to loans and credit. Aankondiging • Aug 30
Peak Positioning Technologies Inc. announced that it has received CAD 3.519 million in funding On August 24, 2020, Peak Positioning Technologies Inc. (CNSX:PKK) closed the transaction. The company amended the terms of the transaction and issued 17,595,000 units at a price of CAD 0.2 per share for gross proceeds of CAD 3,519,000 in the transaction. Each warrant is exercisable at a price of CAD 0.25 per share. The company paid certain qualified individuals and registered investment dealers a cash commission equal to 8% of the gross proceeds that they helped place and issued warrants equal to 8% of the gross proceeds that they helped place in the transaction. Broker warrants have the same terms as the warrants issued in the transaction. The transaction was oversubscribed. Aankondiging • Jul 17
Peak Positioning Technologies Inc. announced that it expects to receive CAD 2 million in funding Peak Positioning Technologies Inc. (CNSX:PKK) announced a non-brokered private placement of up to 100,000,000 at a price of CAD 0.02 per unit for gross proceeds of CAD 2,000,000 on July 15, 2020. Each unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.025 per share for a period of two years from the date of closing. The securities are being subject to four months and one day hold period. 