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Payfare Inc T.PAY

Alternate Symbol(s):  PYFRF

Payfare Inc. is a Canada-based international Earned Wage Access company powering instant access to earnings through a digital banking platform for the workforce. It partners with e-commerce marketplaces, payroll platforms and employers to provide financial security and inclusion for all workers. It partners with platforms and marketplaces, such as Uber, Lyft and DoorDash. It provides services to gig workers and businesses. The Company operates in two geographical areas: Canada and USA. It provides 1099 and contract workers with instant access to their earnings and a digital banking service. It offers a full application programming interface suite and a turn-key private label solution. It provides multiple worker payout options, like on-demand or automatically each day or after each task, shift or sale. It provides services to various workforces of all sizes, including trades and construction, hospitality, rideshare, healthcare, home services, creators, trucking and freelance.


TSX:PAY - Post by User

Comment by WillyGreenon Dec 05, 2024 11:25am
42 Views
Post# 36347289

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Jordan Zinberg

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Jordan Zinberg

Auburn - guess I don't have to report yet.


The AMR system represents an exemption from reporting under the early warning system and provides a less onerous reporting system for institutional investors who have no current intention of acquiring control of the reporting issuer. It also applies to entities who are not soliciting proxies from security holders so as to contest director elections or a reorganization, amalgamation, merger, arrangement, or similar corporate action. These types of investors are permitted to report their holdings in reporting issuers at regular intervals, rather than on an immediate basis as is required under the early warning system. 

Generally, an eligible institutional investor is required to file an AMR report within 10 days of the end of the month when any of the follow occurs:

  • it elects to begin filing under AMR, if it held 10% or more of the class at such time
  • it increases its holdings to 10% or more
  • its holdings cross (either going above or falling below) the following thresholds: 12.5%, 15%, or 17.5%
  • its ownership drops below 10%
  • there has been a material change in a prior to report
  •  
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