Parvis Enters into Letter of Intent to Acquire Atlas One Digital Securities, Consolidating Canada's Private Investment Market
Summary
Parvis Invest entered into a letter of intent to acquire all outstanding shares of Atlas One Digital Securities in an all-share transaction valued at approximately $5,000,000, including share issuances and warrants as consideration. The deal combines two Canadian private-market platforms into a single, fully licensed exempt market dealer to expand advisor coverage, issuer distribution, and a unified technology foundation. Parvis says the merged platform will serve a larger base of accredited investors, streamline KYC/AML and onboarding, and speed time-to-market for offerings; the transaction is expected to close around June 22 subject to regulatory and TSXV approvals. The move follows Parvis's recent Richmond Global Wealth acquisition and signals a consolidation strategy to scale national private-market distribution toward a $1 billion annual raise target within five years.