Parvis signs deal to buy Atlas One Digital Securities

Parvis has signed a binding share purchase agreement to acquire Atlas One Digital Securities, thereby giving it full ownership of the registered exempt market dealer.

The agreement formalises the terms Parvis previously outlined in its binding letter of intent for the transaction. Completion remains subject to customary closing conditions, including regulatory approvals and approval from the TSX Venture Exchange.

Atlas One operates across Canada as a registered exempt market dealer, allowing it to distribute private securities to eligible investors. Founded in Vancouver in 2020, it received exempt market dealer registration through the Canadian Securities Administrators Regulatory Sandbox in early 2021.

According to details released by the companies, Atlas One has facilitated more than USD $115 million in capital for more than 40 issuers across real estate, private equity, and other alternative asset classes. Its business focuses on providing accredited investors access to private-market deals while helping issuers distribute offerings through a digital platform.

For Parvis, the acquisition would add another regulated business to its platform. The Vancouver-headquartered group operates across Canada with teams in Toronto, Vancouver, and Montreal, and is already active in private market investing through a subsidiary registered as an exempt market dealer under National Instrument 31-103.

Market structure

The transaction points to continued consolidation in Canada's private investment market, as firms seek wider investor reach and stronger regulatory footing while digital distribution becomes more established. Acquiring Atlas One would bring an existing issuer network and investor base under Parvis's umbrella at a time when competition for private market deal flow remains intense.

Parvis described the combination as part of its plan to build a broader national private markets platform. If the transaction closes, Atlas One would operate within that combined platform.

No transaction value was disclosed. The announcement said the share purchase agreement was executed on the previously announced terms, including the consideration and deal structure that Parvis had set out in its earlier letter of intent.

The disclosure also referred to other parts of Parvis's broader plans, including the proposed integration of Atlas One and FavourPoint into the Parvis platform. It also noted the need for approvals from the TSX Venture Exchange and FINRA regarding forward-looking statements about the transaction process and related business plans.

Executive views

David Michaud, Founder and Chief Executive Officer of Parvis, called the agreement an important milestone in the company's growth plan.

"The signing of the share purchase agreement with Atlas One marks a defining step in building Canada's most complete private investment marketplace," said David Michaud, Founder and Chief Executive Officer, Parvis.

"Atlas One has built a strong issuer network and a national investor base, and bringing our platforms together under a single, fully regulated entity gives the market the infrastructure it has lacked at scale," Michaud said.

George Nast, Chief Executive Officer of Atlas One Digital Securities, said the tie-up would expand the range of products available to clients and issuers.

"Joining Parvis is the right next step for Atlas One and for the investors and issuers we've worked hard to serve," said George Nast, Chief Executive Officer, Atlas One Digital Securities.

"Together, we'll offer greater product breadth, stronger compliance capabilities, and a scale that opens up exciting new opportunities for everyone we serve," Nast said.

Approval process

Both sides must still complete the regulatory process before the acquisition can close. Parvis cautioned that there is no assurance regarding timing or whether all required approvals will be obtained.

That leaves the transaction in a familiar position for deals involving regulated securities businesses in Canada, where ownership changes often require review by market authorities and exchange oversight for listed buyers. Until those steps are complete, the acquisition remains agreed but not yet completed.

Parvis said it will provide further updates as the process advances.