MONTREAL, Aug, 18 2021 – Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider and manager of the Cubeler Business Hub, is providing the following update related to the recent activity in the exercise of the Company’s outstanding share purchase warrants.
The Company has been receiving an increasing number of warrant exercise requests since the beginning of August 2021. In the week preceding the date of this news release alone, a total of 719,820 warrants, ranging in strike price from $0.50to $3.50, were exercised, generating approximately $1M in cash for the Company. As of the date of this news release, Peak had a total of 21,282,797 warrants outstanding, all in the money, ranging in strike price from $0.50 to $7.00, with the potential to generate approximately $60.3M in additional cash for the Company. Peak therefore expects the recent elevated level of exercise requests of its share purchase warrants to continue in the days and weeks to come. The Company would like to advise warrant holders that the processing of their warrant exercise requests may be delayed due to higher than usual demand and would like to thank them for their understanding.
About Peak Fintech Group Inc.:
Peak Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: https://www.peakfintechgroup.com
For more information, please contact:
CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
MZ Group – MZ North America
Mark Schwalenberg, CFA
Peak Fintech Group
Barry Ellison, Director of Marketing and Communications
514-340-7775 ext.: 521
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Forward-Looking Statements / Information:
This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including “anticipate”, “believe”, “could”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.
The Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.