TRIBE PROPERTY TECHNOLOGIES ANNOUNCES LISTING OF WARRANTS
TRIBE PROPERTY TECHNOLOGIES ANNOUNCES LISTING OF WARRANTS |
[14-July-2025] |
VANCOUVER, BC, July 14, 2025 /CNW/ - Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB US: TRPTF) ("TRBE" or the "Company"), is pleased to announce, in connection with its previously announced public offering on July 7, 2025 of 12,777,777 units of the Company (the "Units"), including the full exercise of the over-allotment option, at an issue price of $0.45 per Unit for aggregate gross proceeds of approximately $5,750,000 (the "Offering"), that the underlying Warrants (as defined below) will be listed for trading on the TSX Venture Exchange (the "TSXV"). Please see the Company's news release dated July 7, 2025 for details related to the closing of the Offering. Each Unit issued under the Offering consisted of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share for a period of 36 months from the date of closing at an exercise price of $0.60 per Common Share, subject to adjustment in certain events. The Warrants are governed by a warrant indenture dated July 7, 2025 between the Company and TSX Trust Company, as warrant agent (the "Warrant Indenture"). A copy of the Warrant Indenture will be filed on SEDAR+ (www.sedarplus.ca) under the Company's profile. The Company anticipates that an aggregate of 6,388,888 Warrants will commence trading on the TSXV on July 16, 2025 under the symbol TRBE.WT. The ISIN and CUSIP numbers of the Warrants are CA89602T1350 and 89602T135, respectively. Listing of the Warrants remains subject to final TSXV approval. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder. About Tribe Property Technologies Tribe is a property technology company that is disrupting the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers. Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform. Visit tribetech.com for more information. Forward-Looking Statements Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of TRBE to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including forward looking statements in this news release regarding the listing of the Warrants and TSXV approval. Factors that could affect the outcome include, among others: timing of review by the stock exchange; or general business, economic, competitive, political and social uncertainties; political instability, terrorism, insurrection or war. Although TRBE has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this press release and TRBE disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Tribe Property Technologies Inc. | ||
Company Codes: OTC-QB:TRPTF, TorontoVE:TRBE, OTC-BB:TRPTF, OTC-PINK:TRPTF |