11:46 AM EST, 02/24/2025 (MT Newswires) -- Clip Money ( CLPMF ) on Monday said it closed a non-brokered private placement of a US$2 million unsecured convertible note to Cardtronics.

Cardtronics is Clip Money's ( CLPMF ) largest shareholder and also a strategic commercial partner through the NCR Atleos Allpoint ATM network.

The convertible note, due Feb. 24, 2030, will accrue interest at a rate of 13% per year.

Proceeds will be used for network expansion and customer acquisition.

The company's shares were last seen down $0.01 to $0.22 on the TSX Venture Exchange.

Price: 0.22, Change: -0.01, Percent Change: -4.35