Cora to File Preliminary Prospectus in Connection with Merger with Tiger Financial and
Listing on the Canadian Securities Exchange

 

Vancouver, BC and San Juan, Puerto Rico, May 4, 2026 – TheNewswire - Cora Capital Corp. ("Cora") and Tiger Financial Corporation (“Tiger” or “Tiger Financial”) are pleased to announce that, further to the news release dated March 30, 2026, Cora has closed its concurrent private placement for gross proceeds of C$3.5 million (the “Concurrent Financing”). The Concurrent Financing has been undertaken in connection with the merger of Cora and Tiger and subsequent public listing transaction on the Canadian Securities Exchange (the “Transaction”).

 

Robert Kiesman, CEO of Cora, commented, “Our team is so pleased to have closed our upsized financing so quickly after signing our definitive agreement with Tiger Financial in late March. With funding secured, we are confident that our partnership with Ben Aissa and his team in Southeast Asia will create value for our supportive investors.”

 

Ben Aissa, CEO of Tiger Financial, stated: “Listing on the Canadian Securities Exchange gives Tiger Financial the capital base, public market discipline, and currency we need to execute at the speed this opportunity demands. Southeast Asia has more than 62 million small businesses, most of them under-banked, and we are building the AI-powered banking infrastructure to serve them. Our Vietnam platform is operational, our regional expansion is underway, and we intend to use this listing to accelerate both. We are running this company to deliver durable, long-term shareholder value, and going public sharpens that mandate.”

 

Pursuant to the Concurrent Financing, Cora has issued 7,000,000 special warrants (the “Special Warrants”) at a price of C$0.50 (the “Special Warrant Issue Price”). Each Special Warrant will automatically convert, without the payment of any additional consideration, into one unit (“Unit”), on the date that is the earlier of: (a) the third business day after receipt of the Prospectus (as defined below); and (b) 4 months and a day after the issue date of the Special Warrants.

 

Each Unit will be comprised of one common share of Cora and one half of one warrant (the “Concurrent Warrants”), with each whole Concurrent Warrant being exercisable for one common share (each, a “Resulting Issuer Share”) of the resulting issuer (the “Resulting Issuer”) at an exercise price of C$1.25 per share for a period of 24 months after the closing. It is expected that all of the securities issued pursuant to the Concurrent Financing will be free trading upon the Resulting Issuer being listed on the Canadian Securities Exchange.

 

Cora has paid finders’ fees to certain finders in the amount of C$106,750 and has issued 321,230 finders’ warrants (“Finders’ Warrants”) to certain finders, where each Finders’ Warrant will be exercisable to purchase one Resulting Issuer Share at the Special Warrant Issue Price for a period of 24 months after the closing.

 

Filing of Prospectus

 

The completion of the Transaction is subject to the satisfaction of certain conditions, including but not limited to Cora receiving all requisite regulatory, stock exchange or governmental authorizations and consents, including the approval of the Canadian Securities Exchange and receipt from the BC Securities Commission in respect of a non-offering prospectus (the “Prospectus”) qualifying the distribution of securities of Cora. Cora intends to file a preliminary Prospectus with the BC Securities Commission in the near future.  

 

About Tiger Financial

Tiger Financial is an international fintech focused on high-growth emerging markets. Headquartered in Puerto Rico, the company develops and launches AI-powered banking infrastructure for small businesses across Southeast Asia. Led by founder and CEO Ben Aissa, a fintech entrepreneur with over 20 years of international experience scaling payments and banking ventures, Tiger combines AI-driven payments, digital banking, and embedded finance to serve one of the world's largest underserved business segments. Through its Vietnam subsidiary, Vietpay Technology Company Corporation, Tiger has an operating foothold in Southeast Asia and plans to expand across Thailand, Indonesia, Malaysia, the Philippines, Cambodia, and Myanmar, a regional opportunity of more than 60 million small businesses. Tiger's model combines proprietary technology with deep market expansion expertise and partnerships with licensed commercial banks, enabling the company to deliver tailored local fintech services in full compliance with regulators while executing a multi-country high-growth strategy.

 

Cautionary Note

 

Completion of the Transaction is subject to a number of conditions, including but not limited to, Canadian Securities Exchange acceptance of the proposed listing, and the receipt from the BC Securities Commission of the Prospectus. There can be no assurance that the Transaction will be completed as proposed or at all. 

 

Investors are cautioned that, except as disclosed in the prospectus to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.  

 

For further information, please contact: 

 

Robert Kiesman, CEO of Cora

Phone: (778) 840-5553
Email: robert@vancouvercorporate.ca  

 

Nebil (Ben) Aissa, CEO of Tiger 

Phone: (312) 804-1936
Email: ben.aissa@tigerfinancial.com  

 

Forward-Looking Information

 

The Canadian Securities Exchange has in no way passed upon the merits of Cora, Tiger or the Transaction and has neither approved nor disapproved the contents of this press release. Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements and information that are based on the beliefs of management and reflect Cora’s current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the business plans of Cora, Tiger and the Resulting Issuer and the Transaction (including CSE approval of the proposed listing and the closing of the Transaction). 

 

Such statements and information reflect the current view of Cora. Risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: (a) there is no assurance that Cora and Tiger will obtain all requisite approvals for the Transaction, including the approval of the CSE for the Transaction (which may be conditional upon amendments to the terms of the Transaction); (b) following completion of the Transaction, the Resulting Issuer may require additional financing from time to time in order to continue its operations; (c) financing may not be available when needed or on terms and conditions acceptable to the Resulting Issuer; (d) new laws or regulations could adversely affect the Resulting Issuer's business and results of operations; and (e) the stock markets have experienced volatility that often has been unrelated to the performance of companies. These fluctuations may adversely affect the price of the Resulting Issuer's securities, regardless of its operating performance.

 

There are a number of important factors that could cause the Resulting Issuer's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: limited business history of Tiger; risks related to Tiger’s corporate strategy including that previous and future acquisitions do not meet expectations, disruptions or changes in the credit or security markets; results of operation activities; unanticipated costs and expenses, fluctuations in commodity prices, and general market and industry conditions. Cora cautions that the foregoing list of material factors is not exhaustive. When relying on Cora’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Cora has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Cora as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While Cora may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws. 

 

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

  

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES