TORONTO, Aug. 5, 2025 /CNW/ - Montfort Capital Corp. ("Montfort" or the "Company") (TSXV: MONT), today announced it has entered into an agreement dated August 1, 2025 (the "Pivot SPA") to sell Pivot Financial I Limited Partnership, Pivot Financial Services Inc. and 2862454 Ontario Inc. ("collectively, the "Pivot Group") to Pivot Endgame Corp. (the "Purchaser"), an affiliate of an arm's length, third-party investment fund, for a cash purchase price of $2,278,541 and the tendering of the Montfort IB Note (as defined below) back to the Company (the "Pivot Sale"), subject to customary closing conditions, lender consents, closing price adjustments and post closing working capital adjustments. The Company expects the Pivot Sale to close on September 12, 2025, subject to the approval of the TSX Venture Exchange ("TSXV"). The Company does not expect the Pivot Sale to require shareholder approval.
Read more at newswire.caMontfort Capital Announces Agreements to Sell Pivot Business, Repurchase Shares
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.