Calgary's Artrari One Settles Debt with Share Swap

Calgary-based Artrari One Capital Corp. has announced the closing of a debt settlement, issuing over half a million common shares to resolve outstanding liabilities. The move, officially announced on October 30, 2025, sees the company settle an aggregate of $10,383.20 in debt by issuing 519,160 common shares at a deemed price of $0.02 each.

This development comes as Reece Torode leads the company as Chief Executive Officer. Artrari operates as a "capital pool company," meaning it has not yet commenced commercial operations and currently holds no assets other than cash. Its primary focus is actively evaluating future business ventures with the goal of completing a "Qualifying Transaction."

The timing is notable for a Calgary-based firm, given the city's rapidly expanding innovation ecosystem. Calgary has been recognized as an "Emerging Ecosystem to Watch" in 2025, with its startup ecosystem valued at $6.7 billion and experiencing a 13% increase since 2023. The city ranks among the Top 30 ecosystems in North America, bolstered by affordable talent and strong local investment, creating a fertile ground for new ventures and, potentially, Artrari's future "Qualifying Transaction."

All newly issued shares are subject to a four-month-and-one-day statutory hold period under Canadian securities laws, with the entire debt settlement awaiting final acceptance from the TSX Venture Exchange, which maintains a significant presence in Calgary.