Duyuru • Apr 30
The FUTR Corporation, Annual General Meeting, Jun 26, 2026 The FUTR Corporation, Annual General Meeting, Jun 26, 2026. Location: ontario, toronto Canada New Risk • Apr 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.1m free cash flow). Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$33.2m market cap, or US$24.0m). Duyuru • Jan 19
The FUTR Corporation Announces Board Changes The FUTR Corporation announced the appointment of G. Scott Paterson to its Board of Directors as Chairman of the Board, effective immediately. Mr. Paterson conceptualized FutureVault and led the conceptualization and incubation of FUTR as a division of FutureVault before it becoming publicly listed in the Spring of 2025. He recently disclosed an ownership position in excess of 10% of The FUTR Corporation, reflecting long-term alignment with the Company and its stakeholders. He previously served as Vice Chairman of the Toronto Stock Exchange (TSX) and Chairman of the TSX Venture Exchange. He currently serves as Executive Chairman of FutureVault Inc. and Chairman of QYOU Media Inc. Mr. Paterson previously served for 21 years on the Board of Lionsgate Entertainment, including as Chair of its Audit & Risk Committee, and continues to serve within the Lionsgate universe as a Board member of Entertainment One Canada Ltd. Throughout his career, he has served on Boards of Directors of public companies listed on the NYSE, TSX, TSXV, AIM (UK) and CBOE exchanges. Michael Hilmer will transition from Chairman of the Board to Vice Chairman of the FUTR Board of Directors and Vice Chairman of the Company, where he will play a leadership role in enterprise and brand partnerships and M&A while continuing to support senior executive planning and strategy as the Company prepares to scale commercially in 2026, bringing more than 30 years of experience building and rapidly scaling companies along with an extensive network expected to support FUTR’s growth. Board Change • Jan 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. CEO & Chairperson Mike Hilmer is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Dec 17
The FUTR Corporation Appoints Dave Zitting as Strategic Advisor, Effective December 16, 2025 The FUTR Corporation announced that Dave Zitting, co-founder and former CEO of Primary Residential Mortgage Inc. (PRMI), has joined the company as a Strategic Advisor. In this role, Zitting will support FUTR's expansion into mortgage-related payments and help unlock high-value mortgage data to further enhance FUTR's high-fidelity AI technology infrastructure. Zitting brings more than three decades of experience in mortgage origination, wholesale lending, and fintech innovation. As co-founder of PRMI, he helped build one of the leading independent mortgage lenders in the United States, operating hundreds of branches nationwide and originating $5.4B in loan volume in 2023. His experience spans retail, wholesale, digital mortgage platforms, and regulated banking partnerships. Zitting's appointment reinforces FUTR's strategy of partnering with proven industry leaders to accelerate vertical-specific expansion while maintaining a consumer-first, data-ownership-driven approach. Duyuru • Dec 05
The FUTR Corporation Appoints Damian Fozard to the Advisory Board The FUTR Corporation announced the appointment of Damian Fozard, a globally recognized leader in safety-critical and high-reliability artificial intelligence, to the Company's Advisory Board. Fozard is best known as the founder of CoreAVI and a pioneer in deploying GPU, compute, and AI systems in mission-critical environments across aerospace, defense, automotive, and other regulated sectors. His career has consistently prioritized the development of deterministic, transparent, and fault-tolerant AI architectures, a sharp divergence from the opaque "black-box" models that dominate mainstream use. Fozard has helped facilitate artificial intelligence solutions to more than 155 major aerospace and defence programs across over 25 countries, including the U.S. Military, NASA, Airbus and Boeing. By joining FUTR, Fozard will support the company's mission to deliver high reliability, data-driven cognitive AI to everyday consumers, enabling them to benefit from precise, personalized, and financially responsible agent-driven experiences. New Risk • Nov 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$6.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.1m free cash flow). Shareholders have been substantially diluted in the past year (439% increase in shares outstanding). Minor Risk Market cap is less than US$100m (CA$29.9m market cap, or US$21.4m). Reported Earnings • Oct 31
Full year 2025 earnings released: CA$0.17 loss per share (vs CA$0.17 loss in FY 2024) Full year 2025 results: CA$0.17 loss per share (further deteriorated from CA$0.17 loss in FY 2024). Revenue: CA$8.35m (up 13% from FY 2024). Net loss: CA$6.89m (loss widened 223% from FY 2024). Revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Duyuru • Sep 15
The FUTR Corporation Launches Closed Beta of AI Agent App Empowering Consumers to Monetize Data The FUTR Corporation announced a major technology milestone; the launch of its Closed Beta program for the FUTR AI Agent App. This milestone offers early adopters the chance to experience how curated training data, secure storage, and tokenized rewards can come together to transform the way company think about engaging with AI in a simple and intuitive and purposeful consumer app. The FUTR AI Agent saves customers 20 minutes daily by managing their life's administrative tasks while paying in FUTR Tokens for the data that trains it. Unlike other AI Assistants or search engines that extract value from personal information, FUTR's agents work for their consumers and directly rewards them. Through the FUTR AI agent App, Closed Beta participants can: Create a personalized AI Agent to organize data and visualize training data; Begin training their AI Agent with curated FUTR Data Quests consisting of documents and surveys; Earn FUTR Utility Tokens on the BASE blockchain as rewards for completing these FUTR Quests; Accumulate FUTR Utility Tokens in a secure, embedded multi-chain Fireblocks blockchain wallet; Store these data-rich documents in an embedded SOC2 compliant FutureVault. Duyuru • Sep 13
The FUTR Corporation announced that it has received CAD 6 million in funding On September 12, 2025, The FUTR Corporation closed the transaction. The company announced that it has issued 5,518,037 Units were issued in the final tranche at an issue price of CAD 0.30 per unit for gross proceeds of CAD 0.30 per unit for gross proceeds of CAD 1,655,411.1 in second and final tranche. Each Unit is priced at CAD 0.30 per Unit and consists of one common share and one-half warrant. The Company paid to eligible persons a cash finder's fee of 7% of Units placed in the amount of CAD 338,204 and finder's warrants of 1,127,348 equal to 7% of certain eligible Units sold under the Offering. Each Finder Warrant is exercisable to acquire one Unit of the Company until September 30, 2027, at an exercise price of CAD 0.30 per Unit subject to an acceleration provision. The Units were offered by way of private placement pursuant to exemptions from prospectus requirements under applicable securities laws. All securities issued are subject to a four month hold period until January 13, 2026, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The Offering is subject to TSX Venture Exchange acceptance of regulatory filings. Duyuru • Sep 03
The FUTR Corporation Announces Appointment of Jason Schwartz as Principal Data Scientist and Member of Joint Steering Committee The FUTR Corporation announced the addition of AI innovation leader Dr. Jason Schwartz as Principal Data Scientist serving on the FUTR Foundation Joint Steering Committee. FUTR is focused on putting money back in consumers’ wallets through zero-party data monetization and intelligent cash management while rapidly advancing AI Agent-powered solutions for consumer-facing enterprises. Dr. Schwartz joins to lead the continuing development of the FUTR Data Protocol under the terms of the Master Services Agreement signed between FUTR Corporation and the FUTR FoundationAugust 4th. Dr. Schwartz will also join the Joint Steering Committee between the FUTR Corporation and the FUTR Foundation. Dr. Schwartz will be focused on the continuing evolution of the FUTR Data Protocol with specific focus on discrete data valuation, real-time data staking rewards, and accurately pricing data for lead generation commercial access by brands. With over a decade of experience delivering enterprise-scale data science and AI solutions across insurance, finance, healthcare, telecom, and blockchain sectors, Dr. Schwartz brings a proven track record of building and deploying production AI/ML systems. Holding a Ph.D. in Experimental High-Energy Physics, he most recently served as Lead Data Scientist for Marketing Science and AI Innovation at Manulife, one of Canada's largest insurance companies, where he developed advanced causal inference models and agentic AI solutions. His specialties include causal modeling, machine learning systems, intelligent AI agents, and dynamic pricing engines. Dr. Schwartz also co-founded Chain Champs Inc., a blockchain analytics platform where he led development of a real-time AI-powered NFT pricing engine that accurately predicted market values for millions of assets, demonstrating the power of intelligent pricing systems at scale. Duyuru • Aug 26
The FUTR Corporation announced that it expects to receive CAD 5.1 million in funding The FUTR Corporation announced a non-brokered private placement to issue 17,000,000 units at a price of CAD 0.3 per unit for aggregate gross proceeds of CAD 5,100,000 on August 26, 2025. Each unit consists of one common share and one-half warrant. Each warrant is exercisable to acquire one common share at a price of CAD 0.45 until December 31, 2027. It is expected that insiders of the Company, Michael Hilmer, Alex McDougall, Jay Graver and G Scott Paterson will participate in the Financing for an aggregate amount of $270,000 representing 900,000 Units. Such participation is considered a related party transaction under Multilateral Instrument 61-101-Protection of Minority Security Holders in Special Transactions ("MI 61-101"). All securities issued are subject to a four month hold period, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The Offering has received conditional approval from the TSXV. The Company will pay to eligible persons a cash finder's fee of 7% of Units placed and finder's warrants equal to 7% of the aggregate number of Units sold under the Offering. Each Finder Warrant is exercisable to acquire one Unit of the Company until September 30, 2027, at an exercise price of CAD 0.30 per Unit subject to an acceleration provision. The transaction is expected to close on September 4, 2025. Duyuru • Aug 21
Futr Corporation Appoints Jim Allan as Chair of the Joint Steering Committee FUTR Corporation has formally established the Joint Steering Committee governing the engagement between The FUTR Corporation and the FUTR Foundation. As part of this initiative, in addition to his role as Council Member, FUTR has appointed Jim Allan, CFA, MBA as the Chair of the Joint Steering Committee pursuant to the Master Services Agreement dated August 5, 2025, between The FUTR Corporation, FUTR Ltd., FUTR Foundation, and FutureVault Inc. Jim Allan is Managing Partner at Trinity Capital Partners Ltd., a boutique financial services firm based in Nassau, The Bahamas. He previously served as Chairman of Roundtable Capital Partners Inc., which merged with Barometer Capital Management Inc. in 2020. Earlier, he was Vice President of Portfolio Management at a Toronto-based asset management firm (1999–2005) and began his career as a Financial Consultant with CIBC Wood Gundy and TD Evergreen. Mr. Allan holds the Chartered Financial Analyst (CFA) designation, an MBA from Rollins College, and is a Fellow of the Canadian Securities Institute (FCSI). Duyuru • Jul 10
The FUTR Corporation Appoints Mindy Bruns as Chief Business Officer The FUTR Corporation announced that Mindy Bruns has joined the team as Chief Business Officer to form a new leadership team for the FUTR Payments product (currently operating as Hank Payments) as it is integrated into the FUTR AI Agent App. Ms. Bruns joins FUTR to continue the growth and expansion of the successful FUTR Payments product, launch its 2.0 Advanced Cash Management platform, and spearhead its integration into the broader FUTR AI Agent App expected to be launched in third quarter. Ms. Bruns will have P&L ownership, cross-functional accountability and responsibility for strategic execution in this new evolution of the FUTR Payments product, which currently has over 42,000 users and has processed over USD 3 billion in value for curated consumer payment events. FUTR Payments will form a key component of the FUTR AI Agent App as it connects comprehensive intelligent payment rails to personalized FUTR AI Agents. This allows highly tailored and automated payment plans saving Consumers $1,000s in interest and helping to build equity in their vehicles and homes faster. Ms. Bruns brings 20 years of leadership experience across technology, digital payments and global finance. Known for driving rapid, cost-based transformation and delivering scalable growth, Ms. Bruns has a consistent track record of exceeding delivery and quality expectations. She has held senior roles at industry leaders such as Aventiv Technologies, AllPaid, Ingo Money and MoneyGram International where she leveraged her expertise in revenue acceleration, product strategy optimization and team development to drive meaningful outcomes. Ms. Bruns holds an MBA from the University of Dallas. Duyuru • Jun 25
The FUTR Corporation Provides an Update on the Product Suite The FUTR Corporation provided an update on the Company's product suite. FUTR is focused on putting money back in the consumers wallet through zero-party data monetization and agentic cash management. FUTR is also rapidly advancing a suite of AI Agent powered solutions to help consumer-facing enterprises and brands empower their customers and realize the tangible value of their consumer data. Key Product Suite Evolution - FUTR AI Agents and Consumer Mobile App. FUTR is excited to announce an expansion to its product suite in line with its overall Consumer focused, data-driven strategy. To revolutionize FUTR Payments product with over 42,000 Consumers, FUTR will be rolling out a new consumer mobile application powered by a proprietary and personalized AI Agent. This roll-out enables FUTR Consumers to combine intelligent AI Agents with intelligent payment rails to create convenient, Personal Life Management experiences at scale. The AI Agents are fully customizable and trained using a Consumer's data and documents uploaded and connected to the platform, for which Consumers will be rewarded. The AI agents will be able to interpret loan agreements, payment history, yields and other key data to optimize payment and savings schedules. Agents will also be able to help explain financial services offers in plain language, find expiry dates, display personalized analytics, manage contacts, find tax data, trigger key payments and more. Agents aim to put Consumer's data at their fingertips and provide instant access to data often trapped in portals, emails and static PDFs. All of this interpretive data and analytics is available to Consumers in human readable form and powers an intuitive notification engine that helps keep consumers on track with key actions they should not miss. As the Agent is trained further and further, the scope of activities, actionable insights and convenience grows. FUTR anticipates the first version of the AI Agent platform and mobile app being available to an initial audience of Consumers in calendar quarter and has created a waitlist to get early access, which can be accessed here. Duyuru • Jun 20
The FUTR Corporation Appoints Alex Mcdougall as President The FUTR Corporation provided an update on the Company's leadership. FUTR is focused on putting money back in the consumer's wallet through zero-party data monetization and agentic cash management. FUTR is also rapidly advancing a suite of AI Agent powered solutions to help consumer-facing enterprises and brands empower their users and realize the tangible value of their consumer data. The FUTR Corporation announced the addition of digital asset and data industry veteran Alex McDougall to the senior leadership team in the role of President. Mr. McDougall brings nearly 10 years of digital asset, payment and data experience following a career in investment banking with Bank of Montreal. Mr. McDougall also serves as President of Canada Stablecorp Inc, who recently announced a partnership and investment with Coinbase to bring the stablecoin QCAD to the Canadian market. Mr. McDougall also serves on the board of directors of Balance Custody. He is a prolific writer and speaker on the topic of data sovereignty, AI agents and modernized payment rails and has written for notable publications such as Coindesk, CoinTelegraph and the Toronto Star and spoken at globally leading conferences such as Consensus, CES, Money 20/20 and Collision. Reported Earnings • May 30
Third quarter 2025 earnings released: CA$0.007 loss per share (vs CA$0.045 loss in 3Q 2024) Third quarter 2025 results: CA$0.007 loss per share. Revenue: CA$2.15m (up 13% from 3Q 2024). Net loss: CA$1.65m (loss widened 187% from 3Q 2024). Duyuru • May 24
The FUTR Corporation announced that it has received CAD 1.25 million in funding The FUTR Corporation announced a non-brokered private placement to issue 6,250,000 units at an issue price of CAD 0.20 per unit for gross proceeds of CAD 1,250,000 on May 23, 2025. Each unit consists of one common share and one warrant. Each warrant is exercisable to acquire one common share at a price of CAD 0.2875 until June 30, 2027. All securities issued are subject to a hold period expiring September 24, 2025, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The offering has received conditional approval from the TSXV. The company may pay to eligible persons a cash finder's fee up to 7% of the gross proceeds from the units placed by the finders and issue finder unit warrants up to 7% of the aggregate number of units sold under the offering attributable to the finders. Each finders unit warrant shall be exercisable to acquire one unit of the company until March 30, 2027, at an exercise price of CAD 0.20 per unit. A cash finder's fee in the amount of CAD 13,300 was paid in connection with the offering. The company also issued 66,500 finder's warrants. Duyuru • Apr 24
The FUTR Corporation announced that it has received CAD 4 million in funding On April 22, 2025 The FUTR Corporation has closed the transaction. The Company paid to eligible persons a cash finder's fee in the amount of CAD 6,518, representing 2% of Units placed by certain Finders and a cash finder's fee in the amount of CAD 159,394, representing 7% of Units placed by certain Finders. G. Scott Paterson has acquired 4,995,652 units of the company Duyuru • Mar 07
Hank Payments Corp. announced that it expects to receive CAD 4 million in funding Hank Payments Corp. announced a non-brokered private placement of up to 200,000,000 units at a price of CAD 0.02 per unit, for aggregate gross proceeds of up to CAD 4,000,000 on March 6, 2025. Each unit consists of one common share and one half of one warrant. Each whole warrant is exercisable to acquire one common share at a price of CAD 0.05 until June 30, 2027, unless the term of the warrant is accelerated pursuant to its terms. The offering is subject to TSX Venture Exchange acceptance of regulatory filings. The company may pay to eligible persons (the "finders") a cash finder's fee equal to 7.5% of the gross proceeds from the units placed by the finders and issue finder unit warrants equal to 7.5% of the aggregate number of units sold under the offering attributable to the finders. Each finders unit warrant shall be exercisable to acquire one unit of the company until March 30, 2027. Reported Earnings • Mar 04
Second quarter 2025 earnings released: CA$0.006 loss per share (vs CA$0.004 loss in 2Q 2024) Second quarter 2025 results: CA$0.006 loss per share (further deteriorated from CA$0.004 loss in 2Q 2024). Revenue: CA$2.07m (up 8.0% from 2Q 2024). Net loss: CA$702.2k (loss widened 146% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Duyuru • Feb 26
Hank Payments Corp. (TSXV:HANK) completed the acquisition of Futr, Inc. Hank Payments Corp. (TSXV:HANK) signed a non-binding letter of intent to acquire Futr, Inc. CAD 7.2 million on August 19, 2024. As consideration for the shares purchased, Hank will issue to the shareholders of the Target, that number of common shares of Hank which equates to a total equity value for the Futr of up to CAD 7.2 million. Hank Payments Corp. (TSXV:HANK) signed a definitive agreement to acquire Futr, Inc. CAD 8.6 million on January 23, 2025. Under the terms of the agreement, Hank will issue 172,949,626 common shares of Hank to Futr and will assume its liability worth CAD 1.13 million. Hank Payments will also assume CAD 0.26 Futr's cash.
Completion of the Transaction is subject to a number of conditions, including, but not limited to, receipt of applicable regulatory approvals, completion of satisfactory due diligence, and the execution of the definitive agreement and related transaction documents. The expected completion of the transaction is January 29, 2025. Clarus Securities Inc acted as advisor in connection of the acquisition and will be paid an advisory fee of $216,250, which will be settled by way of issuance of 4,325,000 common shares of Hank.
Hank Payments Corp. (TSXV:HANK) completed the acquisition of Futr, Inc. on February 24, 2025. Duyuru • Feb 18
Hank Payments Corp. announced that it has received CAD 0.35 million in funding On February 18, 2025, Hank Payments Corp. closed the transaction. Duyuru • Jan 29
Hank Payments Corp., Annual General Meeting, Mar 28, 2025 Hank Payments Corp., Annual General Meeting, Mar 28, 2025. Location: ontario, toronto Canada Reported Earnings • Dec 01
First quarter 2025 earnings released: CA$0.007 loss per share (vs CA$0.011 loss in 1Q 2024) First quarter 2025 results: CA$0.007 loss per share (improved from CA$0.011 loss in 1Q 2024). Revenue: CA$2.04m (up 29% from 1Q 2024). Net loss: CA$502.2k (loss narrowed 36% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. New Risk • Nov 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 81% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (30% average weekly change). Negative equity (-CA$7.9m). Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Market cap is less than US$10m (CA$6.64m market cap, or US$4.74m). Duyuru • Nov 07
Melrose Ventures Group Calls for Management Accountability at Hank Payments Corp On November 6, 2024, Melrose Ventures Group announced that it is expressing deep concern regarding the recent press release from Hank Payments Corp's management, which stated it would not respond further to inquiries from Melrose Ventures. Melrose Ventures stated that this decision reflects a troubling pattern of evasiveness and lack of transparency that has persisted over the last seven years. Melrose Ventures added that despite numerous attempts to engage with management, including a recent request for a shareholder meeting on October 21, 2024, the Company's leadership has consistently failed to acknowledge calls for dialogue. This includes attempts to block shareholders from attending meetings and addressing critical issues that could significantly impact the Company's future. Melrose Ventures raised an issue that there is a pressing need to replace the current management team with individuals who have a proven record of building and growing the Company. The original founders, who successfully established a customer base of 42,000, are better positioned to lead the Company toward profitability. Melrose Ventures also urges the Company's management to reconsider their approach and engage constructively with shareholders. Transparency and accountability are essential for restoring confidence and ensuring the long-term success of the Company. Reported Earnings • Oct 29
Full year 2024 earnings released: CA$0.029 loss per share (vs CA$0.048 loss in FY 2023) Full year 2024 results: CA$0.029 loss per share (improved from CA$0.048 loss in FY 2023). Revenue: CA$7.39m (up 25% from FY 2023). Net loss: CA$2.13m (loss narrowed 39% from FY 2023). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. Duyuru • Oct 03
Hank Payments Corp. announced that it expects to receive CAD 1 million in funding Hank Payments Corp. announced a non-brokered private placement offering of up to 1,000 units at CAD 1,000 per unit for gross proceeds of up to CAD 1 million on October 2, 2024. Each unit consists of one CAD 1,000 secured convertible debenture and 10,000 common share purchase warrants. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.075 per common share for a period of two years from issuance. he debentures mature three years from the date of issue and bear interest at a fixed rate of 10 per cent per annum, payable in arrears semi-annually on Dec. 31 and June 30 of each year. All securities issued pursuant to the offering are subject to a statutory hold period of four months and a day from closing. The offering is subject to TSX Venture Exchange acceptance of regulatory filings. Duyuru • Jun 18
Hank Payments Corp. Announces Board Changes Hank Payments Corp. announced the appointment of Jason Sawyer as director of the Company. Mr. Sawyer has spent his entire career in capital markets, raising money for institutional funds and early stage companies, and has significant public company experience. Mr. Sawyer currently leads Caary Capital Ltd., an AAG sponsored fintech SaaS company for which he has led $25MM in investment. Mr. Sawyer through his partnerships has raised more than $5 billion for companies and alternative asset managers since inception. Mr. Sawyer has cultivated an important strategic network that will benefit Hank as it achieves its revenue and profit targets. Concurrently Jennifer Fallon and Timothy Farley have stepped down as a Directors of the Company. The Board would like to thank Mrs. Fallon and Mr. Farley for their contributions to the Company and it wishes them success in their future projects. New Risk • Jun 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.4m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$7.4m). Earnings have declined by 3.4% per year over the past 5 years. Market cap is less than US$10m (CA$4.39m market cap, or US$3.19m). Minor Risk Revenue is less than US$5m (CA$6.8m revenue, or US$5.0m). Reported Earnings • Jun 04
Third quarter 2024 earnings released: CA$0.008 loss per share (vs CA$0.007 loss in 3Q 2023) Third quarter 2024 results: CA$0.008 loss per share (further deteriorated from CA$0.007 loss in 3Q 2023). Revenue: CA$1.91m (up 31% from 3Q 2023). Net loss: CA$572.7k (loss widened 8.2% from 3Q 2023). Reported Earnings • Mar 01
Second quarter 2024 earnings released: CA$0.004 loss per share (vs CA$0.01 loss in 2Q 2023) Second quarter 2024 results: CA$0.004 loss per share (improved from CA$0.01 loss in 2Q 2023). Revenue: CA$1.92m (up 27% from 2Q 2023). Net loss: CA$285.5k (loss narrowed 61% from 2Q 2023). Duyuru • Jan 31
Hank Payments Corp. announced that it has received CAD 0.484 million in funding Hank Payments Corp. announced a non brokered private placement to issue 484 units at an issue price of CAD 1,000 per unit for the gross proceeds of CAD 484,000 on January 30, 2024. The transaction included participation from new investors Hank Doors and the Hank Equity Builder products. Each Unit consists of one CAD 1,000 secured convertible debenture and 6,667 common share purchase warrants. The Debentures mature on January 30, 2029 and bear interest at a fixed rate of 10% per annum, payable in arrears semi-annually in cash on December 31 and June 30 of each year. At any time during the Term, a holder of Debentures may elect to convert the outstanding net principal amount, or any portion thereof, into common shares at a conversion price of CAD 0.075 per share during the first year and CAD 0.10 per share thereafter. Each Warrant entitles the holder to purchase one common share of the Company at an exercise price of CAD 0.10 per common share until January 30, 2026. All securities issued pursuant to the Offering are subject to a statutory hold period ending May 30, 2024. The Offering is subject to TSX Venture Exchange acceptance of regulatory filings. All securities issued pursuant to the Offering are subject to a statutory hold period ending May 30, 2024. The Offering is subject to TSX Venture Exchange acceptance of regulatory filings. The Company also announced today that it has granted incentive stock options to certain directors, officers, consultants and employees of the Company to acquire an aggregate of 1,945,000 common shares as well as 700,000 restricted share units. The Options were granted at an exercise price of CAD 0.10. The Options will vest one third upon the grant date and one third annually for the next two years. Of this option grant, 1,850,000 are exercisable for a ten year term, expiring January 29, 2034, and 95,000 Options are exercisable for a five-year term, expiring January 29, 2029. All Options and RSUs were granted pursuant to the Company's Omnibus Equity Incentive Plan. Board Change • Dec 05
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Tim Farley is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 01
First quarter 2024 earnings released: CA$0.011 loss per share (vs CA$0.012 loss in 1Q 2023) First quarter 2024 results: CA$0.011 loss per share (improved from CA$0.012 loss in 1Q 2023). Revenue: CA$1.58m (up 2.6% from 1Q 2023). Net loss: CA$782.6k (loss narrowed 6.1% from 1Q 2023). Reported Earnings • Nov 01
Full year 2023 earnings released: CA$0.048 loss per share (vs CA$0.17 loss in FY 2022) Full year 2023 results: CA$0.048 loss per share (improved from CA$0.17 loss in FY 2022). Revenue: CA$5.91m (up 11% from FY 2022). Net loss: CA$3.49m (loss narrowed 70% from FY 2022). Duyuru • Oct 21
Hank Payments Corp., Annual General Meeting, Dec 29, 2023 Hank Payments Corp., Annual General Meeting, Dec 29, 2023. Duyuru • Jul 30
Hank Payments Corp. Launches First College on its Education Platform Ahead of Schedule Hank Payments Corp. announced that it has completed the integration and extensive testing of its first college, launching on the Hank Education Platform ("Hank EDU"). The school will initially use Hank EDU Fast Funds for disbursements starting in August. Hank EDU Fast Funds allows colleges to seamlessly distribute excess funds collected, through bursaries, student loans, and rebates, back to the students while avoiding the latency and costs related to check processing. Fast Funds has shown up to 90% reduction in check issuance over the test phase, leading to strong interest from colleges for the product. Regulation requires that excess funds must be distributed to students within fourteen days of receipt by the college. The Hank portal allows colleges to (i) prepare and load files to disburse and trigger the disbursements in a timely manner, (ii) track the deposits on the student side, and (iii) provide evidence to their regulators that the disbursements were made to the students. The students receive notifications and secure links to accept the disbursements, allowing them to receive funds immediately using various payment protocols and banking integrations provided by Hank. The Company is also pleased to report that it already has another five colleges in various stages of final contract discussions and launch scheduling. The overall sales funnel is strong and the Company continues to work through its first one hundred school demos and contracting. The Company expects to see accelerated contracting and growth post the summer vacation season as staff at colleges return for the academic year. New Risk • Jul 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$474k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$474k free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-CA$5.2m). Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (CA$5.84m market cap, or US$4.40m). Minor Risks Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Revenue is less than US$5m (CA$6.0m revenue, or US$4.5m). Duyuru • Jun 16
Hank Payments Corp. announced that it has received CAD 0.5 million in funding Hank Payments Corp. announced a private placement to issue 10% 500 secured convertible debenture units at an issue price of CAD 1,000 per unit for the gross proceeds of CAD 500,000 on June 15, 2023. Each unit consists of one CAD 1,000 secured convertible debenture and 3,333 common share purchase warrants. The debentures mature on and become payable on June 15, 2028, and bear interest at a fixed rate of 10% per annum, payable in arrears semi-annually in cash on December 31 and June 30 of each year. At any time during the term, a holder of debentures may elect to convert the outstanding net principal amount, or any portion thereof, into common shares at a conversion price of CAD 0.085 per share during the first year and CAD 0.10 per share thereafter. The company may force the conversion of the principal amount of the then outstanding debentures at any time at the conversion price on not less than five days of notice if the volume weighted average trading price of the common shares on the TSX Venture Exchange for any 10 consecutive trading day period is equal to or greater than CAD 0.35. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.10 per common share until June 15, 2025. The issuance of the convertible debentures and the warrants pursuant to the offering were completed on a private placement and prospectus exempt basis, as applicable, such that the issuances are exempt from any applicable prospectus and securities registration requirements. All securities issued pursuant to the transaction are subject to a statutory hold period ending October 16, 2023. Reported Earnings • Jun 03
Third quarter 2023 earnings released: CA$0.007 loss per share (vs CA$0.027 loss in 3Q 2022) Third quarter 2023 results: CA$0.007 loss per share (improved from CA$0.027 loss in 3Q 2022). Revenue: CA$1.45m (up 5.3% from 3Q 2022). Net loss: CA$529.3k (loss narrowed 72% from 3Q 2022). Reported Earnings • Mar 03
Second quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.13 loss in 2Q 2022) Second quarter 2023 results: CA$0.01 loss per share (improved from CA$0.13 loss in 2Q 2022). Revenue: CA$1.51m (up 16% from 2Q 2022). Net loss: CA$734.0k (loss narrowed 92% from 2Q 2022). Reported Earnings • Oct 16
Full year 2022 earnings released: CA$0.17 loss per share (vs CA$0.034 loss in FY 2021) Full year 2022 results: CA$0.17 loss per share (further deteriorated from CA$0.034 loss in FY 2021). Revenue: CA$5.34m (up 22% from FY 2021). Net loss: CA$11.4m (loss widened 456% from FY 2021). Duyuru • Sep 30
Hank Payments Corp., Annual General Meeting, Nov 18, 2022 Hank Payments Corp., Annual General Meeting, Nov 18, 2022. Duyuru • Jun 15
Hank Payments Corp. announced that it expects to receive CAD 1.5 million in funding Hank Payments Corp. announced a non-brokered private placement of 1,500 convertible debenture units at an issue price of CAD 1,000 per unit for gross proceeds of CAD 1,500,000 on June 14, 2022. Each unit consists of one CAD 1,000 convertible debenture and 3,333 common share purchase warrants. The debentures mature on and become payable on June 13, 2025, and bear interest at a fixed rate of 10% per annum, payable quarterly. At any time during the term, a holder of debentures may elect to convert the outstanding net principal amount, or any portion thereof, into common shares at a conversion price of CAD 0.15 per share. The debentures will be converted automatically into common shares upon reaching a ten-day volume weighted average trading price of CAD 0.50 or greater, twelve or more months from the closing date. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.25 per common share until June 13, 2024. Al securities issued pursuant to the offering are subject to a statutory hold period ending October 14, 2022. The offering is subject to approval from the TSX Venture Exchange.
As of same date, the company received 800 convertible debenture units for total gross proceeds of $800,000. The company is offering seven percent cash and seven percent warrant to brokers, no finder's fees or commissions were paid in connection with the first tranche of the offering. Reported Earnings • Jun 01
Third quarter 2022 earnings released: CA$0.027 loss per share (vs CA$0.001 profit in 3Q 2021) Third quarter 2022 results: CA$0.027 loss per share (down from CA$0.001 profit in 3Q 2021). Revenue: CA$1.38m (up 24% from 3Q 2021). Net loss: CA$1.86m (down CA$1.91m from profit in 3Q 2021). Duyuru • Mar 10
Hank Payments Materially Increases Mortgage Customers and Grows Liablities Under Management by over 9% Hank Payments Corp. announced that an existing mid-west USA channel partner, with a network of 1,500 mortgage brokers, has agreed to organically onboard a portfolio of 600 mortgages to the Hank platform representing growth of approximately USD 110,000,000 in Hank's Liabilities Under Management which is expected to exceed USD 1.3 Billion by the end of the March 2022 quarter. In addition to Automotive loans and leases, Mortgages have been a new focus of Hank since 2021, due to their long-term stick rate and high margin processing fees. Mortgages will already represent approximately 20% of liabilities under management on completion of this migration over the coming weeks. The company will immediately begin onboarding the portfolio, which is expected to be completed in March 2022. This transaction deepens its partnership with this strategic channel, and the parties continue other strategic discussions to expand the relationship further. Processing fees are expected to grow commensurate with existing market pricing, and the lifetime value of the mortgages is expected to be measured over five years on average, a material increase in customer term. Reported Earnings • Dec 03
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: US$0.01 loss per share (down from US$0.005 loss in 1Q 2021). Revenue: US$936.9k (up 50% from 1Q 2021). Net loss: US$609.7k (loss widened 102% from 1Q 2021). Revenue was in line with analyst estimates.