XTM Inc. Receives Strategic Investment and Signs Licensing Agreement
2024年1月20日 - 2:00AM
ビジネスワイヤ(英語)
XTM, Inc. (“XTM” or the “Company”) (QB: XTMIF /
CSE:PAID / FSE:7XT), a Miami and Toronto, Denver and London-based
Fintech creator of payment innovations including fully certified
Earned Wage Access (EWA) through its QRails AnyDay™ product today
announced that further to its news releases of December 13, 2023
and December 18, 2023 of a non-brokered private placement offering
for aggregate gross proceeds of up to $5-million (U.S.) of units of
convertible debentures, the Company has received USD$1,150,000 from
a strategic investor and additional Subscription Agreements from
its existing shareholders and others with an expected close by
January 31, 2024. The Company also announced that it has signed a
$3,000,000.00 USD licensing agreement for Earned Wage Access
(“EWA”) from a US entity (“the Customer”) to provide processing for
a U.S. Banking as a Service provider.
On closing, proceeds of the Debenture Financing combined with
the Licensing Agreement the Company will meet the covenants
required to access the EWA lending facility.
With operational funding in place, the company will continue to
aggressively compete to be among the top three EWA providers
globally with comparative valuations in the hundreds of millions to
billions. The operational funding also opens the way for the
Company to fully roll-out its contracted EWA business to employees
through its Distributor Agreements.
The Company continues active discussions and engagements within
the Human Capital Management (“HCM”) and Payroll space to offer the
AnyDay certified EWA product to their customers under a license as
a managed-hosted-solution or as a standalone license agreement with
no managed services.
The Closing is subject to certain conditions including, but not
limited to, the satisfaction of customary closing conditions and
the receipt of regulatory approvals, including the approval of the
Canadian Securities Exchange (the "CSE"). There can be no assurance
as to whether or when the proposed Offering may be completed, or as
to the actual size or specific terms of the Offering.
About XTM
XTM is a Miami and Toronto, Denver and London-based Fintech
creator of payment innovations including fully certified and
vertically integrated Earned Wage Access through its QRails AnyDay™
product. Founded in the cloud-banking space to further support
businesses to inspire their workforce in the hospitality, personal
care and services staffing industries, XTM provides on-demand pay
for many large brands including Earls, Maple Leaf Sports &
Entertainment, Cactus Club, Marriott Hotels and Live Nation. XTM
continues to innovate with further digital featurization to support
businesses to inspire workers to want to work more with shift
scheduling and call-outs, staff management, expense management,
in-app health and financial wellness; and gamified loyalty
programs. XTM's Today Financial™ is in use through POS and Payroll
integrations and directly through web-portals by thousands of
businesses and their workers across Canada and the United
States.
About QRails / AnyDay
QRails Inc. (“QRails”) is a fully owned subsidiary of
XTM. A cloud-based, API-driven issuer-processor QRails enables
payroll providers, financial institutions and other global fintech
companies to keep up with the on-demand economy by delivering
innovative digital payment solutions to their employees. QRails
helps companies modernize and leverage payroll as a differentiator
in attracting and retaining talent all at low to no cost for the
employee and employer. QRails’ flagship solution, AnyDay™, is the
first provider to own their full tech stack that powers their
Earned Wage Access solution.
Statements contained in this release that are not historical
facts are forward-looking statements that involve various risks and
uncertainty affecting the business of the Company. Such statements
can generally, but not always, be identified by words such as
“expects”, “plans”, “anticipates”, “intends”, “estimates”,
“forecasts”, “schedules”, “prepares”, “potential” and similar
expressions, or that events or conditions “will”, “would”, “may”,
“could” or “should” occur. All statements that describe the
Company’s plans relating to operations and potential strategic
opportunities are forward-looking statements under applicable
securities laws. These statements address future events and
conditions and are reliant on assumptions made by the Company’s
management, and so involve inherent risks and uncertainties, as
disclosed in the Company’s periodic filings with Canadian
securities regulators. As a result of these risks and
uncertainties, and the assumptions underlying the forward-looking
information, actual results could materially differ from those
currently projected, and there is no representation by the Company
that the actual results realized in the future will be the same in
whole or in part as those presented herein.
The risk factors and uncertainties that could cause actual
results to differ materially from the anticipated results or
expectations expressed in this press release, include, without
limitation: the ability of XTM to satisfy the conditions to Closing
of the Offering, including obtaining approval of the CSE on a
timely basis, or at all; that the Offering may not be completed on
the terms and timeline indicated, or at all; that the Company’s use
of proceeds of the Offering may differ from those indicated;
additional financing requirements; adverse market conditions; and
other risk factors described from time to time in the Company’s
securities filings
The Company disclaims any intent or obligation to update
forward-looking statements or information except as required by
law. Readers are referred to the additional information regarding
the Company’s business contained in the Company’s reports filed
with the securities regulatory authorities in Canada. Although the
Company has attempted to identify important factors that could
cause actual actions, events, or results to differ materially from
those described in forward-looking statements, there may be other
factors that could cause actions, events or results not to be as
anticipated, estimated or intended. For more information on the
Company and the risks and challenges of its business, investors
should review the Company’s filings that are available at
www.sedarplus.ca.
The Company provides no assurance that forward-looking
statements and information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements or information. Accordingly, readers
should not place undue reliance on forward-looking statements or
information. The Company does not undertake to update any
forward-looking statements, other than as required by law.
For further information, please visit www.xtminc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240119929062/en/
Marilyn Schaffer 416.260.1641 finance@xtminc.com
XTM (TG:7XT)
過去 株価チャート
から 5 2024 まで 6 2024
XTM (TG:7XT)
過去 株価チャート
から 6 2023 まで 6 2024