G2M Cap closes QT with Wishpond Technologies

Executive Summary

• G2M Cap Corp. completed a three‑cornered qualifying transaction, emerging as SalesCloser Technologies Ltd. (TSX‑V: SCAI) with trading expected around March 30, 2026.
• The deal included an oversubscribed $5.45 million CAD private placement, conversion of bridge notes, and a share consolidation (1‑for‑7.15).
• Post‑closing ownership: Wishpond holds 63.3 %, former G2M shareholders ~5.3 %, financing subscribers ~20.2 %; total shares outstanding 35,956,228.

Key Details

• Transaction Structure
• Amalgamation of G2M Cap, its wholly‑owned subsidiary (Subco), and SalesCloser; resulting issuer renamed SalesCloser Technologies Ltd.
• New CUSIP: 79467H10 2; ISIN: CA79467H1029.

• Trading on TSX‑V as SCAI (Tier 2) pending QT bulletin.

• Financing

• Private placement of 7,266,660 subscription receipts at $0.75 CAD each → gross proceeds $5.45 M CAD (oversubscribed).
• Each receipt converted to one unit: 1 common share + ½ warrant.
• Warrants exercisable at $1.25 CAD for 24 months; acceleration if VWAP > $1.80 CAD for 10 consecutive days.

• Finder’s fees paid in cash (7 % of gross proceeds) and warrants (7 % of securities sold, exercise price $0.75 CAD).

• Bridge Note Conversion

• Bridge notes converted into 2,499,997 common shares of the resulting issuer.

• Existing 175,000 finder’s warrants assumed by the new entity under same terms.

• Share Consolidation & Options

• One‑for‑7.15 consolidation → 1,902,097 post‑consolidation shares held by former shareholders.
• Founder options granted: Tajskandar – 2,533,333; Gutierrez – 1,266,667 (exercise price $0.60 CAD, five‑year term, fully vested).

• Additional incentive stock options: 2,403,700 at $0.75 CAD exercise price; vesting schedule 1/3 after 1 yr, remainder quarterly over 3 years.

• Equity Issuances

• Wishpond received 22.75 M common shares (escrowed).
• Inducement grant to Tajskandar: 356,641 common shares (escrowed).

• Finder’s fee issuance to Robert Kiesman: 1,180,833 common shares.

• Ownership Breakdown Post‑Closing

• Former G2M shareholders – ~5.3 %
• Concurrent financing subscribers – ~20.2 %
• Bridge note holders – ~7.0 %
• Finder’s fee shares – ~3.3 %
• Inducement shares – ~1.0 %

• Wishpond – 63.3 %

• Management & Board

• New CEO & Chairman: Ali Tajskandar; COO & Director: Jordan Gutierrez.

• Additional directors: Hossein Malek (Lead Independent), Prashant Nedungadi, Kenshi Arasaki, Adrian Lim (CFO), Marcelo Negrini (CTO), Kendra Low (Corporate Secretary).

• Investor Rights Agreement

• Wishpond retains right to nominate a majority of the board while holding ≥20 % of shares; agreement terminates if ownership falls below that threshold.

• Business Overview

• SalesCloser develops a conversational AI SaaS platform for automated sales processes (virtual sales agents).

• ARR grew from ~C$0.3 M (early‑2025) to >C$2.0 M (current), >6× increase in ~12 months; target gross margins >80 % once normalized.

• Service Agreements

• Investor relations services with CapitaLynx Ltd. (Arx): $128,000 U.S. upfront fee + $39,000 quarterly thereafter.

• Marketing services with bullVestor Medien GmbH: €250,000 non‑refundable media deposit; term up to six months.

• Legal Counsel

• Stikeman Elliott LLP – representing Wishpond & SalesCloser.
• Armstrong Simpson – representing G2M Cap.

Notable Quotes

“This transaction marks a defining milestone for SalesCloser as we begin trading as a standalone public company… With C$7 million of capital raised, we are focused on accelerating product innovation and scaling our go‑to‑market efforts.” – Ali Tajskandar, CEO & Chairman.