Integrated Rewards Achieves SOC 2 Compliance to Support Enterprise-Scale Growth Across Canada's Card-Linked Rewards Network as EQ Closes Convertible Debt Financing
EQ's Integrated Rewards division achieved SOC 2 compliance following an independent audit, a milestone designed to strengthen security assurances for enterprise partners and financial institutions. Simultaneously, the company closed a non-brokered private placement of 15% secured convertible debentures, raising $1.13 million in gross proceeds at $1,000 per unit.
Key figures
- Deal Value Usd
- $1,130,000
- Offering Price
- $1,000
- Finder fee cash
- $22,500
- Conversion price
- $0.95
- Interest rate percent
- 15
- Warrant exercise price
- $1.00
- Insider participation gross proceeds
- $280,000
AI analysis
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