Financings
G2M CAP CORP. ANNOUNCES UPSIZING OF CONCURRENT FINANCING AND DATE OF SPECIAL SHAREHOLDERS MEETING FOR QUALIFYING TRANSACTION WITH SALESCLOSER AI AND WISHPOND TECHNOLOGIES

GTM · Price
Executive Summary
- G2M Cap Corp. upsized its concurrent non‑brokered private placement from $4 M to up to $5 M (with an additional optional $0.5 M), targeting total gross proceeds of up to $5.5 M.
- The financing is a condition to the closing of G2M’s qualifying acquisition of SalesCloser Technologies from Wishpond, and the related special shareholders’ meeting is set for March 20 2026.
- Subscription Receipts will be issued at $0.75 each, converting into units consisting of one common share and half a warrant (exercise price $1.25), with acceleration provisions tied to the post‑closing share price.
Key Details
- Upsized Financing Amount: Gross proceeds increased from $4 M to up to $5 M, with an optional additional $0.5 M for a total possible $5.5 M.
- Issue Price: Each Subscription Receipt priced at $0.75.
- Conversion Structure: One Subscription Receipt converts into one Unit; each Unit = 1 common share of the Resulting Issuer + ½ warrant (Concurrent Warrant).
- Warrant Terms: Whole Concurrent Warrants exercisable for one share at $1.25 per share, valid for 24 months after closing.
- Acceleration Clause: If the VWAP of the Resulting Issuer’s shares exceeds $1.80 for ten consecutive trading days, the issuer may accelerate expiry of 50% or 100% of warrants to 30 days after an acceleration notice.
- Trading: All securities issued under the Concurrent Financing are expected to be free‑trading at the Transaction closing.
- Special Shareholders’ Meeting: Scheduled for March 20 2026, 9:30 a.m. PST, Suite 905, 1111 W Hastings St, Vancouver, BC – to approve matters related to the acquisition of SalesCloser.
- Transaction Context: The financing is a condition to closing the qualifying transaction where G2M acquires SalesCloser from Wishpond; completion subject to TSXV acceptance, shareholder approvals, and other regulatory conditions.
Notable Quotes
- Hari Nesathurai, CEO of G2M: “The strong investor interest that allowed us to upsize the financing underscores market confidence in our strategic acquisition and the future growth prospects of the combined entity.”
- Ali Tajskandar, CEO of SalesCloser: “We look forward to completing the transaction and leveraging the additional capital to accelerate product development and market expansion.”
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Mar 26, 2026 · 21:24