Hampton Financial Corporation to Acquire Oxygen Working Capital Corp.
March 28, 2024
Hampton Financial Corporation (TSXV:HFC) has agreed to acquire a controlling interest in Oxygen Working Capital Corp. (OCC), an Oakville, Ontario-based commercial factoring lender, with closing anticipated on April 1, 2024. Under the deal Hampton will issue 21,755,071 subordinate voting shares (plus ~5,438,779 warrants) to OCC shareholders in exchange for 100% of OCC's outstanding common shares (aggregate value $9,783,250), marking Hampton's first entry into commercial lending and expected to be accretive to earnings.
- Buyers
- Hampton Financial Corporation
- Targets
- Oxygen Working Capital Corp.
- Sellers
- Shareholders of Oxygen Working Capital Corp.
- Industry
- Financial Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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