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.
Location
Ontario, Canada
Transaction Type
Buyout

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