Wishpond-backed SalesCloser closes $1.5M bridge deal

Executive Summary

• SalesCloser Technologies Inx. has closed a fully subscribed private placed bridge financing, raising gross proceeds of $1.5 million.
• The financing consists of zero-interest convertible notes that will convert into up to 2.5 million common shares of G2M Cap Corp. at $0.60 per share upon the closing of the qualifying transaction (reverse takeover/public listing).
• The transaction is subject to TSX-V approval and is expected to constitute G2M's qualifying transaction, with the resulting public listing targeted for Q1 2026.

Key Details

• Financing Amount: Gross proceeds of $1.5 million.
• Instrument: Convertible notes issued on a zero-interest basis.
• Maturity: Three years.
• Conversion Terms: Notes convert into up to 2.5 million common shares of G2M Cap Corp. at a price of $0.60 per bridge share.
• Default Scenario: If the qualifying transaction does not close, the notes remain as outstanding unsecured debt of SalesCloser with no conversion features.
• Finder’s Commission: A 7% commission was paid to Moe Tajsekandar, consisting of 175,000 warrants.
• Warrant Terms: Exercise price of $0.60 per share, exercisable for two years after closing. Warrants are non-transferable, assumed by the resulting issuer (subject to TSX-V approval), and will be exercisable for common shares of the resulting issuer. If the transaction fails, warrants are not exercisable.
• Use of Proceeds: Finance growth and development of SalesCloser business (transferred from Wishpond), finance transaction-related expenses, and provide general working capital.
• Alternative Use of Proceeds: If the transaction does not proceed, funds allocated to G2M transaction costs will be reallocated to product development, go-to-market, and sales expansion costs.
• Company Performance Metrics: SalesCloser reports over $1.8 million in annual recurring revenue (ARR) on a current run-rate basis, representing more than six times ARR growth year-to-date, with gross margins near 85%.
• Regulatory Status: Subject to TSX-V approval; expected to be a qualifying transaction under TSX-V Policy 2.4.

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 and Wishpond.
• "As a standalone public company, we expect SalesCloser to be better positioned to gain access to the funding, resources and dedicated leadership team it needs to accelerate product development and market adoption. We believe that the public listing transaction creates a clear path for both companies to scale faster, innovate deeper and deliver greater long-term value for shareholders." — Ali Tajskandar, CEO.