Argo Corporation (TSXV: ARGH, OTCQX: ARGHF), a company specializing in next-generation transit solutions, has completed several financing activities totaling $5,445,383. These include a non-brokered private placement that raised $1.5 million, a secured loan of $1.5 million finalized on February 4, 2026, and the exercise of common share purchase warrants generating $2,445,383 in proceeds. Notably, $1,768,200 of the warrant exercise came from the company’s co-founders, Praveen Arichandran and Qamar Qureshi.
The funds raised will support Argo’s ongoing development and operational initiatives as it advances its transit technology offerings.
**Why this matters**
This financing strengthens Argo Corporation’s capital position, enabling continued investment in its innovative transit solutions. The involvement of the co-founders in the warrant exercise also signals their confidence in the company’s future prospects.
Source: NewsData