Republic Technologies Proposes $100 Million Convertible Note Facility to Support Blockchain Infrastructure

Republic Technologies Inc. has proposed entering a financing agreement with an institutional investor for a secured convertible note facility of up to US$100 million, featuring an initial US$10 million tranche. This financing arrangement, if completed, is expected to support the company's blockchain-based attestation platform and validator infrastructure, marking a substantial capital commitment to Ethereum ecosystem development. The proposed facility includes a 24-month term with 0% interest and a 10% original issue discount, structured with ETH-backed collateral and conversion into common shares at the CSE closing price prior to conversion, subject to CSE policies.

The company plans to allocate net proceeds from the facility toward acquiring ETH to bolster validator operations and for general working capital purposes. This strategic move underscores Republic Technologies' commitment to expanding its Ethereum infrastructure capabilities, which are central to its business model of integrating Ethereum technology into the global economy. The financing proposal represents a significant step in the company's growth strategy, potentially providing substantial resources to scale its proprietary validator and attestation networks that safeguard data integrity for universal applications.

Republic Technologies operates as a publicly traded technology company with listings on multiple exchanges, including the Canadian Securities Exchange under the symbol DOCT and the OTCQB under DOCKF. The company's approach centers on leveraging Ethereum infrastructure to create solutions for data integrity and validation across various applications. More information about the company's operations and strategic direction can be found at https://republictech.io/.

The proposed convertible note facility's structure, featuring ETH-backed collateral and conversion mechanisms tied to the company's share price, reflects innovative financing approaches emerging within the blockchain sector. This arrangement could provide Republic Technologies with flexible capital while offering the institutional investor potential equity participation through conversion features. The company's focus on validator operations aligns with growing demand for secure blockchain infrastructure as Ethereum and other blockchain networks continue to expand their adoption across industries.

This financing announcement comes as blockchain infrastructure companies seek capital to scale operations amid increasing institutional interest in cryptocurrency and decentralized technologies. The proposed $100 million facility, if finalized, would represent one of the larger financing arrangements in the blockchain infrastructure space, potentially positioning Republic Technologies for expanded market presence and technological development. The company's emphasis on attestation platforms addresses growing needs for verifiable data integrity across digital systems, a critical component as more organizations explore blockchain-based solutions for various applications.