Jasper Commerce Inc. Engages Sophic Capital to Provide Capital Markets Advisory Services
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VANCOUVER, BC, March 4, 2022 /CNW/ – Jasper Commerce Inc. (formerly known as SaaSquatch Capital Corp.) (TSX-V: JPIM) (“Company“), announced the establishment of a capital markets strategy and investor relations agreement with Sophic Capital Inc. (“Sophic”) of Toronto, Ontario, Canada pursuant to the terms of a financial markets advisory agreement (the “Agreement”). Sophic’s deep expertise in the technology and e-commerce markets, combined with decades of capital markets experience, adds essential expertise to cultivate meaningful discussion and awareness of investment opportunities in the management of product information (“GIP“) among investors.
“A growing trend is that e-commerce merchants need an assortment of tools to effectively manage their online stores,” said Sophic Capital’s President and CEO. Sean Peasgood. “Jasper, by enabling merchants to manage and market their products across various storefronts and channels, is a crucial part of this merchant toolkit. On behalf of the partners at Sophic Capital, we look forward to helping Jasper communicate the merits of investing in the company and its successful milestones as it continues to grow in the years to come.”
“Sophic Capital has impressed us with their work with other issuers and their experience and in-depth knowledge of the Canadian e-commerce industry and financial markets,” added Jon Marsella, CEO. “What stood out to us was their strategic approach to developing investor relations and their strategic approach to financial markets.”
The Agreement and the Company’s obligations under the Agreement are subject to the approval of the TSX Venture Exchange (the “TSXV”). Under the terms of the agreement, Sophic will provide, among other things, capital strategy, market education, sell-side relationship development, investor campaigns, creative assistance, investor conferences and roadshows. presentation.
The initial term of the Agreement is for a period of twelve months, starting from February 28, 2022. In return for the services to be provided by Sophic, the Company has undertaken to pay Sophic a monthly fee of CA$8,000 per month (plus tax) and granted Sophic an initial number of 580,000 options (the “Options”) at an exercise price of CA$0.50 by options. The options will vest in equal amounts on a quarterly basis over a period of twelve months from issuance and will expire five years from the date of grant. All options granted to Sophic will be subject to the terms of the Company’s stock option plan, the terms of any stock option agreement entered into between Sophic and the Company and the rules and policies of the TSXV. Apart from the Options, Sophic has no direct or indirect interest in the Company or any securities of the Company and does not intend to acquire any such interest.
On Jasper Commerce Inc.
Jasper offers product information management (“GIP“) solution that aims to enable e-commerce merchants to manage and market their products from a single source of truth, enabling them to sell more, sell faster and work smarter. The PIM of Jasper is accessible from anywhere via a web browser and is intended to simplify the process by which online merchants import product data into the PIM. Once downloaded, merchants can add various product data including product attributes , images, videos, marketing information, inventory quantities and price books, and effectively market their products using various features, including but not limited to the ability to adjust product categorization, pricing data and other key metrics Jasper’s PIM also enables automatic synchronization with e-commerce storefronts popular networks, marketplaces or other connected channels whenever new products are added to the PIM.
About Sophic Capital
Sophic Capital is a capital markets advisory firm for public and private growth companies, specializing in the development of comprehensive capital markets strategies for companies at all stages of development. Sophic Capital’s deep knowledge of technology, cleantech, consumer products and other growth sectors, combined with decades of experience working in capital markets, makes it an ideal partner to help reduce the cost of capital and accelerate growth. For more information, visit www.sophiccapital.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that, unless otherwise specified in the filing statement prepared in connection with the transaction, any information published or received regarding the transaction may not be accurate or complete and should not be relied upon. company should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed on the merits of the Transaction and has neither approved nor disapproved of the content of this press release.
This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities of United States. The Securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Law“) or any state securities law and may not be offered or sold in United States or to US Persons, unless they are registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
The information in this press release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements, including statements relating to ultimate acceptance by the Bourse, the publication of a final bulletin by the Bourse, the use of the proceeds of the Offer and the business plans of the Company. These statements are based on assumptions subject to significant risks and uncertainties. Due to these risks and uncertainties and due to various factors, actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. A number of factors could cause actual results to differ materially from these forward-looking statements and from future results. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that the expectations in the forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and undertakes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting these forward-looking statements. statements or otherwise.
SOURCE Jasper Commerce, Inc.
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