Financings
SALESCLOSER AI, WISHPOND AND G2M CAP CORP. ANNOUNCE CLOSING OF $1.5M BRIDGE FINANCING IN RESPECT OF QUALIFYING TRANSACTION

WISH · Price
Executive Summary
- SalesCloser Technologies closed a fully‑subscribed private‑placement bridge financing for gross proceeds of C$1.5 million.
- The financing consists of zero‑interest convertible notes (“Bridge Notes”) that may be converted into up to 2,500,000 common shares of G2M Capital Corp. at $0.60 per share upon closing of the qualifying transaction.
- Proceeds are earmarked for product development (C$300k), go‑to‑market & sales expansion (C$220k), transaction expenses (C$580k) and general working capital (C$400k).
Key Details
- Bridge Financing Amount: C$1,500,000 gross proceeds.
- Instrument: Unsecured convertible notes, zero interest, 3‑year maturity.
- Conversion Terms: Up to 2,500,000 Bridge Shares of G2M at $0.60 per share upon closing of the qualifying transaction (the “Transaction”). If the Transaction does not close, notes remain outstanding debt with no conversion feature.
- Commission Warrants: 7 % commission = 175,000 warrants issued to Moe Tajsekandar; exercise price $0.60, exercisable for two years after Transaction closing; non‑transferable; assumed by Resulting Issuer subject to TSXV approval.
- Use of Proceeds:
- Product Development (engineering, DevOps, AI compute software, patent & IP protection) – C$300,000
- Go‑to‑Market & Sales Expansion – C$220,000
- Transaction Expenses – C$580,000
- Working Capital – C$400,000
- Transaction Context: Bridge financing supports the planned public listing of SalesCloser via G2M Capital Corp., targeted for Q1 2026. The qualifying transaction is subject to TSXV approval and will result in G2M becoming the “Resulting Issuer.”
- No Non‑Arm’s Length Participation: All investors were unrelated parties; bridge shares and commission warrants expected to be freely tradable at Transaction closing.
- Contingency if Transaction Fails: Funds allocated to transaction expenses would be re‑allocated to product development, sales expansion, and working capital.
Notable Quotes
“Our team is so pleased to have received a strong showing of support from the market to fund our SalesCloser business… we are going to work hard to build the SalesCloser business as quickly as possible, and to continue pressing to close the public listing transaction with G2M Capital in Q1 2026.” – Ali Tajskandar, CEO of SalesCloser & Wishpond.
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