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Stock impact report

Clip Money Closes US$2.8 Million Financing led by PeoplesBank [Financial Post (Toronto, Ontario, Canada)]

NCR Atleos Corporation (NATL) 
Company Research Source: Financial Post
TORONTO, Sept. 17, 2024 (GLOBE NEWSWIRE) — Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) (“ Clip Money ” or the “Company ”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce the closing of a non-brokered private placement of unsecured convertible notes (each a “ Convertible Note ”) of the Company for gross proceeds of US$2,800,000 (the “ Financing ”). PeoplesBank subscribed for US$2,000,000 of the Financing. In addition to PeoplesBank's investment, Cardtronics Inc. (“ Cardtronics ”), a subsidiary of NCR Atleos Corporation, invested US$800,000. Cardtronics is Clip Money's largest shareholder and also a strategic commercial partner through the NCR Atleos Allpoint ATM network. Cardtronics continued support highlights its confidence in the Clip Money solution and team. “We are thrilled with this investment from PeoplesBank and NCR Atleos as we continue to grow our platform and customer engagement. Their strategic investments under Show less Read more
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