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April 29, 2020

Lendified Holdings Inc. Completes Go-Public Transaction and $3 Million Private Placement

Lendified Holdings Inc. has completed a reverse takeover transaction with a public vehicle and completed a combined brokered and non-brokered private placement offering for aggregate gross proceeds of $3 million. Lendified will commence trading on the TSX Venture Exchange under the symbol “LHI” following the issuance by the TSXV of its final bulletin in respect of the transaction.

Lendified is a leading Canadian FinTech company operating both a lending platform, which provides working capital loans to small businesses across Canada, and a software as a service technology platform providing AI-enabled credit origination and analytics to financial institutions across Canada.

Wildeboer Dellelce LLP acted for Lendified in connection with the RTO and private placement with a team comprised of Perry Dellelce, Michael Rennie, Joel Fraser, Niall Sweeney and Sarah Wahba (corporate/securities), Katy Pitch and Marija Tasevska (tax) and Victoria Everett (debt products).