LibertyStream Issued Promissory Notes to Pathfinder

The company secured $15 million in financing to support its Freedom 1 facility capital expenditures.

Updated on Sept. 21, 2026 in Corporate Finance

Isometric editorial illustration of structural steel girders and I-beams, representing industrial infrastructure investment. — LibertyStream has secured C$15 million in senior secured promissory notes from Pathfinder Asset Management Ltd. to fund capital improvements at its Freedom 1 facility. AI Illustration. Upload story photo >

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Dallas-based LibertyStream has issued C$15,000,000 in senior secured promissory notes to Pathfinder Asset Management Ltd. The company expects to supplement the transaction by issuing over 3 million bonus shares of common stock.

Why it matters

This financing provides LibertyStream with essential capital to fund facility upgrades and working capital. The deal highlights the company's reliance on debt financing to drive expansion at its Freedom 1 location.

The notes carry a 12% annual interest rate and are secured against the company's present and after-acquired property. Additionally, the company intends to issue 3,061,224 bonus shares valued at C$0.98 each, representing 20% of the principal amount.

The players

LibertyStream

This company operates out of Dallas and is focused on capital expenditures for its Freedom 1 facility.

Pathfinder Asset Management Ltd.

This financial institution acts as the lender for the $15 million promissory note issuance.

TSX Venture Exchange

This Canadian securities exchange is responsible for reviewing and approving the issuance of the company's bonus shares.

The details

The promissory notes, which are senior and secured, carry a maturity date of September 21, 2027. LibertyStream retains the right to redeem and repay the debt at any time before that date without incurring a penalty.

September 18, 2026: The closing price used to calculate the value of the bonus shares was established.
September 21, 2026: The company made the official announcement regarding the issuance of the promissory notes.
September 21, 2027: This is the scheduled maturity date for the repayment of the promissory note principal balance.

Market Landscape

This transaction reflects a broader trend of mid-market companies utilizing debt instruments paired with equity kickers to secure growth capital. It positions LibertyStream to maintain facility development momentum while navigating the regulatory environment of Canadian exchanges.

The secured financing ensures the company has the liquid capital necessary to continue its current operational projects. Investors should monitor future updates regarding the TSX Venture Exchange approval of the equity bonus shares.

The takeaway

Companies often issue bonus shares alongside debt to incentivize lenders while preserving immediate cash flow. Stakeholders should track the official exchange approval process as it remains the final hurdle for the equity component of this deal.