Inverite Insights Inc. (“Inverite”) (CSE: INVR) (OTC: INVRF) (FSE: 2V00) is a leading AI-driven software provider utilizing real-time financial data to empower businesses to transact more effectively with consumers. Further to its News Release dated March 17, 2025, Inverite has issued 26,474,966 units (“Units”) to settle an aggregate of CAD$1,323,748.31 in loans, accrued interest and accounts payable (see March 17, 2025 news release for the Unit terms). The Units will be subject to a hold period until August 17, 2025.
Insiders and related parties of the Company acquired 21,057,462 Units issued pursuant to the closing, with the associated common shares representing approximately 8.65% of the issued common shares upon closing and, if the associated warrants are exercised, an aggregate number of common shares representing approximately 15.9% of the then-issued common shares calculated as of closing. The participation by the insider constitutes a “related party transaction” within the meaning of the policies of the CSE and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and (b), and 5.7(1)(a), respectively, of MI 61-101 on the basis that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction insofar as it involves interested parties (within the meaning of MI 61-101) in the Placement exceeds 25% of the Company’s market capitalization calculated in accordance with MI 61-101, and on the basis that no securities of the Company are listed or quoted on a stock exchange as specified in MI 61-101.
About Inverite Insights Inc.
Inverite Insights Inc. (“Inverite”) (CSE: INVR) (OTC: INVRF) (FSE: 2V00) is a Vancouver-based, AI-driven software provider specializing in real-time financial data. With a vast database of over 25 billion financial data points from more than 6.0 million unique Canadian consumers transactions, Inverite empowers businesses to transact more effectively with consumers through innovative solutions for data enrichment, identity, risk management and compliance. For further information about Inverite, please visit: inverite.com.
ON BEHALF OF THE BOARD
Mike Marrandino, Executive Chairman
T: (855) 661-2390 ext. 104
Email: ir@inverite.com