TORONTO--(BUSINESS WIRE)-- Axis Auto Finance Inc. (“Axis” or the “Company”) (), is pleased to announce that further to its press releases dated August 20, 2024 and May 15, 2024, the Company and its operating subsidiaries involved in the Company's auto finance business have entered into an asset purchase agreement with Fionic Canada Ltd. ("Fionic") and an affiliate of Fionic in respect of their acquisition of the auto loan assets and undertaking of Axis through the acquisition of certain assets and assumption of certain liabilities of Axis and it subsidiaries relating to the Company's auto fina...
Axis Provides Update on Strategic Review Process TORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Axis Auto Finance Inc. (“Axis” or the “Company”) (), a financial technology company changing the way Canadians purchase and finance used vehicles, provides a strategic review update. As indicated in the May 15, 2024, press release, the Company entered into non-binding letters of intent with two separate, arms-length parties for potential sales of the auto finance and equipment finance businesses. Updates on these two potential sales are provided below. Equipment Finance Sale Transaction O...
Axis Provides Business Update and Announces Closing of $2.67 Million Private Placement of Unsecured Subordinated Debentures TORONTO, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Axis Auto Finance Inc. ("Axis" or the "Company") [], a financial technology company changing the way Canadians purchase and finance used vehicles, is pleased to provide a business update and announce the closing of a private placement (the "Private Placement") of unsecured subordinated debentures (the "Debentures"). Business Update Over the last 12 months, elevated inflation levels, supply chain disruption and rapidly ris...
A director at Axis Auto Finance Inc bought 609,209 shares at 0.500CAD and the significance rating of the trade was 66/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...
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