Flow Capital Announces Repayment of TVision Investment Following Acquisition by Viant

• On May 6, 2026, Flow Capital Corp. announced the early repayment of its investment in portfolio company TVision Insights Inc. following TVision's acquisition by Viant Technology Inc. (NASDAQ: DSP).
• The repayment includes principal plus earned interest, expected to increase Flow Capital's book value by approximately $1 million.
• This marks a realization event on a multi-tranche, minimally dilutive arrangement that was the company's last major financing prior to TVision's exit.
• CEO Alex Baluta stated this outcome strengthens their track record of risk-adjusted returns and provides capital for redeployment into new companies.

• The news is positive but aligns with the expected business model of a venture capital/investment firm where exits generate returns.
• A $1 million book value increase on an estimated $22.5 million market cap represents roughly 4.4% immediate accretion to net asset value, which is material for a small-cap entity but not transformative relative to the company's total portfolio size ($73.5 million).
• The announcement confirms liquidity in the portfolio, validating the "flexible growth capital" thesis after aggressive deployment in Q4 2025 and early 2026.
• However, this is a follow-up to previous repayment announcements (e.g., October 2025 $3M co-living repayment), making it incremental rather than a surprise pivot or new strategy.
• The stock price has trended down from April highs ($0.83) to current levels ($0.74), suggesting the market may be pricing in broader concerns about deployment rates or concentration risk that this single exit does not fully resolve.

• Flow Capital Corp. is a public provider of flexible growth capital, alternative debt solutions, and small equity investments for high-growth companies.
• Business Model: Focuses on financing packages between $2 million and $10 million for VC-backed, founder-owned businesses in the US, UK, and Canada.
• Flagship Projects/Portfolio: The company does not have a single "flagship project" like an operating miner or tech firm; its flagship is its investment portfolio itself. Key holdings include TVision Insights (exited), Congruity 360 ($8M invested), MiniLuxe ($7.925M invested), and Guardify ($3M invested).
• Development: The company has achieved 10 consecutive quarters of revenue growth as of Q4 2025, with total investments growing to $73.5 million by year-end 2025.