Ian Morrison Ian Morrison

First Nations Finance Authority in its $350-million offering of Senior Secured Bonds

On July 3, 2025, the First Nations Finance Authority (FNFA) completed its offering of $350 million in aggregate principal amount of 4.70% Senior Secured Bonds, Series 2025-2, due December 1, 2056. This was the inaugural offering of 30-year bonds by the FNFA. The offering was made through an...

Lead Office: Vancouver Date Announced: July 3, 2025 Value: $350 million

Pocketed (deepND) in its acquisition by Deloitte Canada

On March 10, 2025, Deloitte Canada announced the acquisition of Pocketed (deepND Inc.). Pocketed’s matching program and AI-powered capabilities will enhance Deloitte’s ability to deliver value to clients by expanding the firm’s grant and SR&ED suite of services, whilst enabling Pocketed...

Lead Office: Vancouver Date Announced: March 10, 2025 Value: --

Variational AI in its US$5.5-million Seed extension financing

On February 20, 2025, Variational AI announced the successful completion of its US$5.5-million seed extension financing round led by Nimbus Synergies, with participation from Merck Global Health Innovation Fund, Quimby Investments, Threshold Impact and Defined Capital. Existing investors Flying...

Lead Office: Vancouver Date Announced: February 20, 2025 Value: US$5.5 million

First Nations Finance Authority (FNFA) in its offering of $650 million Senior Secured Bonds

On January 14, 2025, the First Nations Finance Authority (FNFA) completed its offering of $650 million in aggregate principal amount of 4.05% Senior Secured Bonds, Series 2025-1, due June 1, 2035. The offering was made through an underwriting syndicate comprised of Scotia Capital Inc., Casgrain...

Lead Office: Vancouver Date Announced: January 14, 2025 Value: $650 million

Aspect Biosystems in its $115-million Series B funding round

On January 8, 2025, Aspect Biosystems announced the closing of its $115-million Series B funding round led by Dimension, with participation from existing and new investors including Novo Nordisk, Radical Ventures, an undisclosed leading global investment firm, InBC, Pallasite Ventures, Pangaea...

Lead Office: Vancouver Date Announced: January 8, 2025 Value: $115 million

First Nations Finance Authority’s commercial paper program

In November 2024, the First Nations Finance Authority (FNFA) established a $900-million commercial paper program. The Bank of Montreal, Canadian Imperial Bank of Commerce, Laurentian Bank Securities Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and The...

Lead Office: Vancouver Date Closed: -- Value: $900 million

Teal Platforms in its acquisition by Mercury Technologies

On September 6, 2024, Mercury Technologies, Inc. announced its acquisition of Teal Platforms, Inc. Mercury seeks to leverage Teal’s talent, technology and expertise to simplify complex financial workflows and deepen Mercury’s investments in and relationships with accountants. Teal...

Lead Office: Vancouver Date Announced: September 6, 2024 Value: --

First Nations Finance Authority in its $452 million offering of Senior Secured Bonds

On June 11, 2024, the First Nations Finance Authority (“FNFA”) completed an additional offering of $452 million in aggregate principal amount of 4.10% Senior Secured Bonds, Series 2024-1, due June 1, 2034. The offering was made through an underwriting syndicate comprised of TD Securities Inc.,...

Lead Office: Vancouver Date Announced: June 11, 2024 Value: $452 million

Cuboh in its acquisition by ChowNow

On March 28, 2024, Cuboh announced its acquisition by ChowNow, a leader in online ordering and marketing platforms for independent restaurants. This strategic move aims to integrate Cuboh’s point-of-sale (POS) integration solutions with ChowNow’s platform, enhancing ChowNow’s suite of digital...

Lead Office: Vancouver Date Closed: March 28, 2024 Value: -

First Nations Finance Authority in its $357 million offering of Senior Secured Bonds

On January 24, 2024, the First Nations Finance Authority (“FNFA”) completed its offering of $357 million in aggregate principal amount of 4.10% Senior Secured Bonds, Series 2024-1, due June 1, 2034. The offering was made through an underwriting syndicate comprised of CIBC World Markets Inc.,...

Lead Office: Vancouver Date Announced: January 24, 2024 Value: $357 million