Parvis Provides Post-Closing Update On Atlas One Acquisition And Initiates Fiscal 2027 Financial Guidance
| Fiscal 2027 Guidance (year ending March 31, 2027) | Parvis + Atlas One (consolidated) |
| Projected Revenue | $4.9 - $5.1 million |
| Projected Net income | $900k - $1.1 million |
| Active issuers on platform | 65+ |
| Qualified investors (combined network) | 15,000+ |
Guidance reflects the consolidated Parvis and Atlas One businesses only and assumes completion of the integration activities described above. It builds on the Company's first net profitable quarter, reported in the second quarter of fiscal 2026, and revenue growth of 143% in fiscal 2026.
Management expects growth in fiscal 2027 to be driven by the Company's three revenue streams - transaction fees on capital raised through the platform, marketing and distribution services provided to issuers, and platform and fund management fees - with an ongoing deliberate shift toward recurring revenue as fund management and platform fees grow as a proportion of the business. Guidance does not include any contribution from the Company's pending acquisition of Favor Point Capital described below, nor any proceeds from future tranches of the Company's convertible debenture financing beyond amounts closed to date.
Pending Favor Point Capital Acquisition
As previously announced, the Company has agreed to acquire Favor Point Capital, a FINRA- and SEC-registered U.S. broker-dealer based in Phoenix, Arizona. The acquisition is currently being reviewed by the TSX Venture Exchange and remains subject to FINRA approval and other customary conditions. Upon closing, Favor Point is expected to open compliant cross-border distribution into the U.S. private market for Parvis issuers and investors. The Company expects to update its financial guidance to reflect Favor Point's contribution following completion of the acquisition. For full details of the transaction terms, please refer to the Company's press releases dated June 22, 2026.
Convertible Debenture Financing Update
On August 13, 2026, the Company closed the first tranche of its non-brokered private placement of unsecured convertible debentures. The Company may complete additional tranches for aggregate gross proceeds of up to $3,000,000, on the same terms: each debenture unit consists of one convertible debenture with the principal amount convertible into common shares at $0.55 per share, together with warrants equal to 100% of the common shares issuable upon conversion, each warrant exercisable at $0.65 per share for 24 months from closing.
The Company has elected not to proceed with additional tranches at this time. Further tranches were principally intended to fund the Favor Point acquisition, which is under TSX Venture Exchange review. In the interim, first-tranche proceeds and operating cash flow are expected to fund the Atlas One integration and ongoing operations. Further tranches may follow as the Favor Point acquisition is approved by the Exchange and proceeds toward closing.
The Company notes that its fiscal 2027 guidance, including its expectation of positive net income, is based on the operating performance of the combined Parvis and Atlas One businesses and does not depend on any additional financing.
Management Commentary
"Closing was the milestone; integration is the work, and it is going well. Bringing Atlas One's people, issuers, and investors onto one platform gives Canada a private markets network with real national scale - more than 65 issuers, 50+ advisors and 15,000 qualified investors on a single innovative, regulated, technology infrastructure," said David Michaud, Founder and CEO of Parvis. "We are initiating guidance because the business has earned it. After our first profitable quarter and 143% revenue growth, fiscal 2027 is the year the combined platform demonstrates durable, profitable growth - before any contribution from our planned U.S. expansion."
"This guidance is built on businesses we own and operate today," added Richard Robins, Chief Financial Officer. "Revenues of approximately $5 million, with positive net income, reflects the operating leverage in the model - the infrastructure is built, and revenues now scale faster than costs. The Favor Point acquisition represents additional upside that we will bring into guidance only once it has closed."
About the Financial Outlook
This news release contains a financial outlook within the meaning of applicable Canadian securities laws, including the fiscal 2027 revenue and net income guidance set out above. The financial outlook was approved by management as of the date of this news release and is provided for the purpose of assisting readers in understanding the Company's expected financial performance following the acquisition of Atlas One. Readers are cautioned that the financial outlook may not be appropriate for other purposes. The financial outlook is based on management's current expectations and assumptions, including with respect to: issuer volume and transaction activity on the platform; historical fee realization rates; anticipated assets under management and administration; completion of the Atlas One integration on the anticipated timeline; retention of key dealing representatives, issuers, and investors; no material adverse change in regulatory, market, or business conditions; and the Company's ability to scale marketing and client acquisition. Actual results may differ materially from the financial outlook. The Company undertakes no obligation to update the financial outlook except as required by applicable securities laws.
About Parvis
Parvis is a technology-driven investment platform dedicated to expanding access to institutional-quality private market opportunities. Headquartered in Vancouver, Parvis operates across Canada with teams in Toronto, Vancouver, and Montreal. The Company is listed on the TSX Venture Exchange (TSXV: PVIS) and, via its subsidiary Parvis Investment Services Inc., is registered as an exempt market dealer under National Instrument 31-103 in each Canadian province.
Forward-Looking Statements
This news release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are prospective in nature and include, without limitation, statements regarding: the integration of Atlas One and the anticipated timeline, milestones, and benefits thereof, including anticipated operational efficiencies; the Company's fiscal 2027 financial guidance, including anticipated revenue and net income; the completion of the proposed acquisition of Favor Point Capital and the anticipated strategic and financial benefits thereof; the sufficiency of the Company's capital resources to fund the Atlas One integration and ongoing operations, and the potential completion of further tranches of the convertible debenture financing and the use of proceeds therefrom; and the Company's business plans and growth objectives. Forward-looking statements are based on material assumptions made by the Company, including those described under "About the Financial Outlook" above, as well as assumptions that: no additional regulatory concerns will arise; required approvals will be received; market conditions will not change materially; and the Company will be able to execute on its business objectives. There is no assurance that such statements will prove to be accurate, and actual results could differ materially from those expressed or implied. Risk factors include, without limitation: failure to complete the integration of Atlas One as planned; failure to obtain FINRA or other regulatory approvals in respect of Favor Point Capital; the possibility that additional financing may be required should the Company's plans or circumstances change; failure to complete additional tranches of the financing; market volatility affecting capital raises; regulatory changes; competition; loss of key personnel; and general market and industry conditions. Readers should not place undue reliance on forward-looking statements. The Company assumes no obligation to update forward-looking information except as required by applicable Canadian securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction.
| For further information: David Michaud, Founder & CEO Parvis Invest Inc. Email: ... Tel: 604.818.8131 | For media inquiries: Katie Green, August Strategy Inc. Email: ... | Follow us on social media: Instagram: @ParvisInvest Facebook: ParvisInvest LinkedIn: Parvis |
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Source: Parvis Invest Inc.
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