02:16 PM EDT, 10/20/2025 (MT Newswires) -- Republic Technologies ( DOCKF ) on Monday said it plans to reach a financing agreement with an institutional investor for a proposed secured convertible-note facility of up to US$100 million, with an initial US$10 million tranche.

The company expects the financing to support its blockchain-based attestation platform and validator infrastructure upon completion. The proposed convertible facility is expected to have a term of 24 months, bear 0% interest, and include a 10% original issue discount.

Republic Technologies ( DOCKF ) said the facility is expected to include a first drawdown, subsequent drawdowns and top-up tranches. It proposes to issue the investor up to 28-million five-year warrants to buy a share for $0.50.

Each subsequent drawdown is expected to comprise a US$5-million convertible note and will be subject to customary conditions. Closing for the first drawdown is expected to occur on or about October 24.

Shares of the company were last seen unchanged at $0.42 on the Canadian Securities Exchange.

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