Northwire Canada EditionSunday, October 18, 2026
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Financings

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

WISH · 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 gross proceeds of up to $5.5 M.
  • The special shareholders’ meeting to approve the qualifying transaction with SalesCloser AI will be held on March 20, 2026 in Vancouver.
  • Subscription Receipts are priced at $0.75 each and will convert into units consisting of one common share and half a warrant; warrants have an exercise price of $1.25 and acceleration features tied to the share price.

Key Details

  • Upsized Financing: Gross proceeds increased to $5,000,000 with an optional additional $500,000, for a total possible $5,500,000.
  • Issue Price: Each Subscription Receipt priced at $0.75.
  • Conversion Structure: One Subscription Receipt converts into one Unit (1 common share + ½ warrant).
  • Warrant Terms: Whole warrants exercisable at $1.25 per share for 24 months post‑closing. Acceleration clause triggers if the VWAP exceeds $1.80 for ten consecutive days, allowing the issuer to accelerate expiry of 50 % or 100 % of warrants by notice (expiry set 30 days after notice).
  • Trading: All securities issued under the Concurrent Financing are expected to be free‑trading at the closing of the Transaction.
  • Special Shareholders’ Meeting: Scheduled for March 20, 2026 at 9:30 a.m. PST, Suite 905 1111 W Hastings St, Vancouver, BC. Purpose is to approve matters related to the acquisition of SalesCloser from Wishpond.
  • Transaction Context: The financing is a condition to closing the qualifying transaction where G2M will acquire SalesCloser AI from Wishpond Technologies.
  • Regulatory Notices: TSX Venture Exchange does not endorse the release; forward‑looking statements included with standard risk disclosures.

Notable Quotes

  • “Due to strong investor interest, we are pleased to upsize our concurrent financing and move forward toward completing the Transaction,” – Hari Nesathurai, CEO of G2M Cap Corp.
  • “The accelerated warrant provisions provide flexibility for shareholders as the market evolves post‑closing,” – Ali Tajskandar, CEO of SalesCloser.
Read the original news release →

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