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Wishpond Appoints Jordan Gutierrez as Chief Executive Officer to Lead Next Phase of Execution
Prnewswire· 2026-03-27 10:00
<!doctype html> <!-- For structured data --> <!-- For language declaration --> Wishpond Appoints Jordan Gutierrez as Chief Executive Officer to Lead Next Phase of Execution <!-- Additional Authorable Meta tags --> Accessibility StatementSkip NavigationVANCOUVER, BC, March 27, 2026 /PRNewswire/ - Wishpond Technologies Ltd. (TSXV: WISH) (OTCQX: WPNDF) (the "Company" or "Wishpond"), a provider of AI-enabled marketing-focused online business solutions, is pleased to announce the appointment of Jordan Gutierrez ...
G2M CAP CORP. ANNOUNCES UPSIZING OF CONCURRENT FINANCING AND DATE OF SPECIAL SHAREHOLDERS MEETING FOR QUALIFYING TRANSACTION WITH SALESCLOSER AI AND WISHPOND TECHNOLOGIES
Prnewswire· 2026-02-24 00:06
Core Viewpoint - G2M Cap Corp. is proceeding with a special shareholder meeting to approve its acquisition of SalesCloser AI from Wishpond Technologies, alongside an upsized concurrent financing due to strong investor interest [1] Group 1: Special Shareholder Meeting - The special shareholder meeting will take place on March 20, 2026, at 9:30 a.m. PST in Vancouver, BC, to discuss the qualifying transaction involving G2M's acquisition of SalesCloser [1] - Details regarding the meeting and transaction can be found in G2M's information circular filed on SEDAR+ [1] Group 2: Concurrent Financing - The concurrent financing has been increased from $4,000,000 to $5,000,000, with an option to further increase by $500,000, totaling up to $5,500,000 [1] - Each subscription receipt will be priced at $0.75 and will convert into one unit of the resulting issuer, which includes one common share and one half of a warrant [1] - The warrants will be exercisable at $1.25 per share for 24 months post-closing, with provisions for acceleration if the share price exceeds $1.80 for ten consecutive trading days [1]
G2M CAP CORP. ANNOUNCES LETTER OF INTENT IN RESPECT OF QUALIFYING TRANSACTION WITH SALESCLOSER AI AND WISHPOND TECHNOLOGIES
Prnewswire· 2025-11-05 11:00
Core Insights - Wishpond Technologies Ltd. is spinning out its SalesCloser business into a separate public company to enhance focused expansion in AI sales and marketing [1][5][6] Transaction Overview - A non-binding letter of intent (LOI) has been signed for G2M Cap Corp. to acquire SalesCloser through a reverse takeover, with Wishpond expected to retain approximately 68% ownership of the new entity [1][2][9] - The transaction is anticipated to close around January 30, 2026, subject to regulatory approvals and the execution of a definitive agreement [2][7] SalesCloser Business Highlights - SalesCloser operates an advanced conversational AI platform that automates sales processes, achieving over $1.7 million in annual recurring revenue (ARR) and over 5x growth in ARR with gross margins near 85% [3][4] - The platform is designed to improve sales efficiency and reduce hiring costs while driving higher conversion rates [3] Strategic Objectives - The spin-out aims to unlock shareholder value and allow both Wishpond and SalesCloser to focus on their respective strengths, with Wishpond planning to reinvest in its core marketing technology platform [5][6] - SalesCloser is expected to become a leader in the conversational AI space for sales, supported by strong demand and rapid product innovations [5][6] Financial Aspects - Wishpond will receive 22,750,000 Resulting Issuer Shares at a deemed price of $0.75 per share, totaling approximately $17 million [9] - SalesCloser plans to undertake a bridge financing of up to $1.5 million through convertible notes, which will convert into shares if the transaction closes [11] - Concurrently, G2M intends to complete a private placement for up to $4 million, with subscription receipts priced at $0.75 each [12][13] Governance and Management - The Resulting Issuer will have a board comprising key executives from both G2M and SalesCloser, including Ali Tajskandar as CEO and Chairman [22][23] - Employment agreements will grant options to acquire 3,800,000 Resulting Issuer Shares to the CEO and COO of SalesCloser [15] Conditions and Approvals - The transaction is subject to various conditions, including the completion of financing, absence of material adverse changes, and shareholder approvals [17][36] - G2M intends to apply for a waiver from the sponsorship requirements of the TSXV [31]
ContextLogic Holdings Inc. Reports Third-Quarter 2025 Financial Results
Globenewswire· 2025-10-28 20:10
Core Viewpoint - ContextLogic Holdings Inc. reported its financial results for the third quarter and nine months ended September 30, 2025, highlighting a focus on operational efficiency and potential acquisitions [1][3]. Financial Highlights - As of September 30, 2025, the company had approximately $218 million in cash, cash equivalents, and marketable securities [4]. - The net loss for the third quarter of 2025 was $1 million, consistent with the net loss of $1 million in the same quarter of the previous year [8][11]. - Total current assets increased from $156 million as of December 31, 2024, to $218 million as of September 30, 2025 [10]. Operational Performance - The company incurred $3 million in general and administrative expenses during the third quarter, which included $2 million for employee-related costs and $1 million for stock-based compensation [5][11]. - Interest income for the quarter totaled $2 million, primarily from investments in U.S. government instruments [5]. Company Strategy - The CEO emphasized maintaining operational focus while developing a pipeline of potential acquisitions, supported by a strong balance sheet and access to capital [6]. - The company is pursuing value maximization through organic growth and accretive acquisitions [3]. Cash Flow and Investments - The company reported a net cash used in operating activities of $14 million for the nine months ended September 30, 2025, compared to $92 million for the same period in 2024 [12]. - Cash flows from financing activities included proceeds of $72 million from the issuance of redeemable convertible preferred units [13].
ContextLogic to Announce Third Quarter 2025 Results on October 28, 2025
Globenewswire· 2025-10-23 12:00
Core Viewpoint - ContextLogic Holdings Inc. is set to report its third quarter 2025 financial results on October 28, 2025, after market close, with a conference call scheduled for the same day at 5:00 PM ET [1]. Group 1 - The conference call will be hosted by CEO Rishi Bajaj, CFO Michael Scarola, and VP of Investments Janak Goyani, and will consist of prepared remarks without a presentation or Q&A session [1]. - Information regarding the financial results, including a link to the live webcast and replay, will be available on the company's investor relations website [2]. - Participants can access the live conference call by registering online, after which they will receive a dial-in number and a unique PIN [2]. Group 2 - ContextLogic Holdings Inc. is focused on developing a new business model and exploring potential acquisitions that complement its operations [4].
ContextLogic Holdings Inc. Reports Second-Quarter 2025 Financial Results
GlobeNewswire News Room· 2025-08-07 20:10
Core Viewpoint - ContextLogic Holdings Inc. reported its financial results for the second quarter and six months ended June 30, 2025, highlighting a strategic focus on operational efficiency and potential acquisitions [1][4]. Financial Highlights - The company incurred a net loss of $5 million in Q2 2025, an improvement from a net loss of $13 million in Q2 2024 [10]. - As of June 30, 2025, ContextLogic had approximately $219 million in cash, cash equivalents, and marketable securities [5][12]. - The company reported no revenue for Q2 2025, compared to $7 million in Q2 2024 [13]. Operational Strategy - ContextLogic is streamlining operations by reducing headcount and appointing a new Chief Financial Officer, aiming for efficient operations and value maximization through organic growth and acquisitions [4][7]. - The company has a strategic investment option that could provide an additional $75 million for future acquisitions [5]. Balance Sheet Overview - Total current assets as of June 30, 2025, were $221 million, with cash and cash equivalents at $27 million and marketable securities at $192 million [12]. - Total liabilities were reported at $3 million, indicating a strong balance sheet position [12]. Cash Flow Analysis - The company reported a net cash used in operating activities of $10 million for the six months ended June 30, 2025, compared to $90 million in the same period of 2024 [14]. - Cash flows from investing activities showed a net cash outflow of $107 million, primarily due to purchases of marketable securities [14].
ContextLogic: From Fallen E-Commerce Star To Tax-Arbitrage Shell With Institutional Firepower
Seeking Alpha· 2025-08-07 09:53
Group 1 - The article emphasizes the importance of identifying growth stories in stocks that are reasonably priced and possess strong economic moats [1] - It highlights the approach of conducting high-quality analysis by examining valuations, key business drivers, risk/reward scenarios, and various future scenarios [1]
ContextLogic to Announce Second Quarter 2025 Results on August 7, 2025
GlobeNewswire News Room· 2025-08-04 12:00
Group 1 - ContextLogic Inc. will report its second quarter 2025 financial results after the market closes on August 7, 2025 [1] - The conference call will be hosted by CEO Rishi Bajaj, CFO Michael Scarola, and VP of Investments Janak Goyani at 5:00 PM ET / 2:00 PM PT [1] - There will be no presentation or question-and-answer section during this quarter's call, and it will conclude after the prepared remarks [1] Group 2 - Information regarding the financial results, including a link to the live webcast and replay, will be available on the Company's investor relations website [2] - Participants can access the live conference call by registering through an online form, which will provide a dial-in number and unique PIN [2] Group 3 - ContextLogic Inc. is a publicly traded company focused on developing a new business and financing potential future acquisitions that complement its operations [4]
Forgotten Tax Assets Are ContextLogic's Path To Value
Seeking Alpha· 2025-07-23 09:17
Group 1 - ContextLogic, known for its former brand Wish.com, has transitioned from a successful e-commerce marketplace to facing significant financial losses, which now presents an attractive investment opportunity [1] - The company has a rocky history that may appeal to investors looking for potential recovery in the e-commerce sector [1] Group 2 - The article highlights the author's personal investment experience, focusing on sectors such as Commodities, iGaming & Casinos, and asset-heavy businesses [1] - The author emphasizes a long-term investment strategy while also engaging in shorter trades when market mispricing occurs [1]
ContextLogic Urges ALL Stockholders to Protect the Value of their Investment by Voting “FOR” the Reorganization TODAY
GlobeNewswire News Room· 2025-07-17 12:00
Core Viewpoint - ContextLogic Inc. is urging stockholders to vote "FOR" the proposed reorganization plan at the upcoming Annual Meeting scheduled for July 24, 2025, emphasizing the importance of this vote to protect the value of their investments and the company's net operating losses (NOLs) [1][2][3]. Group 1: Reorganization Proposal - The Reorganization is deemed the best path forward to preserve and maximize value for stockholders, particularly in maintaining the long-term value of the company's NOLs, which can help reduce future income tax liabilities [3]. - Approximately 99% of the shares voted have been in favor of the Reorganization, indicating strong support among stockholders [3]. Group 2: Voting Process - Stockholders can vote by phone, email, or online, with the new electronic voting deadline set for 11:59 p.m. Eastern Time on July 23, 2025 [4]. - The company emphasizes that failing to vote will have the same effect as voting "against" the Reorganization, thus urging all stockholders to participate [2][3]. Group 3: Company Overview - ContextLogic Inc. is a publicly traded company focused on developing a new business model and financing potential future acquisitions that complement its operations [5].
