CPE News (3/3/2021) – EQITrade Limited has closed a new round of private placement financing led by Canadian investors with participation from Asian, European and offshore investors.
The financing was led by Canaccord Genuity Corp. as lead placement agent.
As of part of the financing, EQITrade issued to investors warrants that will expire 36 months from the completion of a reverse take-over (RTO) transaction or in no more than five years from the first closing date of the private placement.
Cayman Islands registered EQITrade is the parent company of EQIBank, a global, digital bank and financial services organisation for corporations and High-Net-Worth Individuals. The bank serves clients through three global businesses: Private Banking, Commercial Banking, and Digital Asset Custody.
Founded by former HSBC, Credit Suisse, Bank of New York and UBS bankers, Roseau, Dominica based EQIBank holds a full, unrestricted offshore banking license in CARICOM and is regulated by the Financial Services Unit and Eastern Caribbean Central Bank.
EDIT: the company announced on March 24, 2021, the CDN $12.5 million financing by way of unsecured convertible debentures as “Series A” round.
photo credit: EQIBank