Vanta Holdings Concludes Initial Phase of Private Placement and Debt Resolution

Vanta Holdings Inc., headquartered in Vancouver, has finalized the first part of its non-brokered private placement and settled a portion of its debt. The company raised $385,000 by issuing 385,000 units priced at $1 each. Each unit includes a common share and a warrant, which allows holders to acquire an additional share at $1.25 until May 2028. The funds are aimed at paying off debt and increasing working capital.

The debt settlement involved issuing 156,127 shares to clear $312,255 in liabilities. These actions are considered "related party transactions" under Multilateral Instrument 61-101. The transactions are exempt from some regulatory requirements as the company's shares are not listed on a specified market. The securities are under a hold period until September 2026.