Voxtur Partners with University Bancorp in Strategic Partnership: Acquisition of 50.5% in Bluewater Stake for $30 Million USD

TORONTO and TAMPA, Fla., July 30, 2024 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF), a technology company creating a more transparent and accessible real estate lending ecosystem, today announced the signing of a definitive agreement on Friday July 26, 2024, to establish a groundbreaking strategic joint venture with University Bancorp, Inc. (OTCQB: UNIB). Under the terms of the agreement, University Bancorp, Inc. (“University”) will lead a group of strategic mortgage industry investors, acquiring a 50.5% stake in Blue Water Financial Technologies Holding Company, LLC, an indirect subsidiary of Voxtur (“Blue Water”), for an upfront cash payment of $30M USD, plus a $9.5M USD earnout subject to the platform hitting certain financial milestones (the “Transaction”). This joint venture is set to pave the way for Voxtur, Blue Water and University to realize transformative growth and business development.

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