Capitalight Successfully Concludes Financial Deal with Railstate

TORONTO, ON / ACCESSWIRE / May 6, 2024 — IC Capitalight Corp. ("Capitalight") announced a successful financial transaction with Railstate, a Washington D.C.-based company specializing in rail logistics data software. Described as providing live data akin to "Google Maps for North America's rail network," Railstate aims to enhance rail network transparency and prioritize rail use to benefit the supply chain and environmental sustainability.

The relationship began in late 2022 when Capitalight provided bridge financing to support Railstate’s growth, funding US$300,000 while arranging an additional US$100,000 from other investors through a facility providing loan structures with equity purchase warrants. As of April 30, 2024, following Railstate’s announcement of completing a US$4.2 million equity financing, Capitalight received repayment of their principal amount plus US$62,850 in interest and fees, marking a 20.9% return on their investment over one year.

Capitalight continues to hold a financial interest in Railstate’s potential future growth through equity purchase warrants, which align with Capitalight’s strategy of fostering long-term capital growth by investing in promising private companies and mineral exploration.