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publication, distribution or dissemination directly, or indirectly,
in whole or in part, in or into the
United States./
VANCOUVER, BC, March 4,
2022 /CNW/ - Jasper Commerce Inc. (formerly
known as SaaSquatch Capital Corp.) (TSX-V: JPIM)
("Company"), announced the establishment of a capital
markets strategy and investor relations arrangement with Sophic
Capital Inc. ("Sophic") of Toronto,
Ontario, Canada pursuant to the terms of a capital markets
advisory agreement (the "Agreement"). Sophic's deep expertise in
technology and eCommerce markets combined with decades of capital
markets experience adds critical expertise to cultivate meaningful
discussion and awareness of investment opportunities in Product
Information Management ("PIM") among investors.
"A growing trend is that eCommerce merchants need an assortment
of tools in order to run their online stores effectively," said
Sophic Capital President and CEO Sean
Peasgood. "Jasper, by empowering merchants to manage and
merchandise their products across various storefronts and channels,
is a crucial part of this merchant toolkit. On behalf of the
partners at Sophic Capital, we look forward to helping Jasper
communicate the merits of investing in the Company and its
successful milestones as it continues to grow over the coming
years."
"Sophic Capital impressed us with their work with other issuers
and their deep experience and knowledge in the eCommerce sector and
Canadian capital markets," added Jon
Marsella, CEO. "What stood out to us was their strategic
approach towards developing investor relationships and their
strategic approach to capital markets."
The Agreement and the obligations of the Company under the
Agreement are subject to the approval of the TSX Venture Exchange
(the "TSXV"). Under the terms of the Agreement, Sophic will
provide, among other things, capital strategy, market education,
sell-side relationships development, investor campaigns, creative
assistance, investor conferences, and roadshows.
The initial term of the Agreement is for a period of twelve
months, commencing February 28, 2022.
As consideration for the services to be provided by Sophic, the
Company has agreed to pay Sophic a monthly fee of C$8,000 per month (plus taxes) and has granted to
Sophic an initial 580,000 options (the " Options") at an exercise
price of C$0.50 per option. Options
will vest in equal amounts on a quarterly basis over the course of
twelve months from issuance and will expire five years from the
date of grant. All Options granted to Sophic will be subject to the
terms of the Company's stock option plan, the terms of any stock
option agreement entered into between Sophic and the Company and
the rules and policies of the TSXV. Other than the Options, Sophic
has no interest, directly or indirectly, in the Company or any
securities of the Company and has no intention to acquire such an
interest.
About Jasper Commerce Inc.
Jasper offers a Product Information Management ("PIM")
solution that has the objective of empowering eCommerce merchants
to manage and merchandise their products from a single source of
truth, facilitating them to sell more, sell faster and work
smarter. Jasper's PIM is accessible from anywhere via a web-browser
and is intended to simplify the process by which online merchants
import product data into the PIM. Once uploaded, merchants can add
various product data including product attributes, images, videos,
marketing information, inventory quantities and price books and
efficiently merchandise their products using various features that
include, among other things, the ability to adjust product
categorization, pricing data and other key metrics. Jasper's PIM
also allows for automatic syncing to popular eCommerce storefronts,
marketplaces, or other connected channels, whenever new products
are added to the PIM.
About Sophic Capital
Sophic Capital is a capital markets advisory firm for public and
private growth companies, specializing in developing complete
capital markets strategies for companies across all stages of
development. Sophic Capital's depth of knowledge in the technology,
clean technology, consumer products and other growth sectors
combined with decades of experience working in the capital markets,
makes it an ideal partner to help lower the cost of capital and
accelerate growth. For more information, visit
www.sophiccapital.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Investors are cautioned that, except as disclosed in the
Filing Statement prepared in connection with the Transaction, any
information released or received with respect to the Transaction
may not be accurate or complete and should not be relied
upon.Trading in the securities of a capital pool company should be
considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the
merits of the Transaction and has neither approved nor disapproved
the contents of this press release.
This news release does not constitute an offer to sell or a
solicitation of an offer to sell any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws and may not be offered or
sold within the United States or
to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
The information in this news release includes certain
information and statements about management's view of future
events, expectations, plans and prospects that constitute forward
looking statements, including statements relating to the final
acceptance by the Exchange, the issuance of a final bulletin by the
Exchange, the use of proceeds of the Offering and the business
plans of the Company. These statements are based upon assumptions
that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of
factors, the actual results, expectations, achievements or
performance may differ materially from those anticipated and
indicated by these forward looking statements. Any number of
factors could cause actual results to differ materially from these
forward‐looking statements as well as future results. Although the
Company believes that the expectations reflected in forward looking
statements are reasonable, it can give no assurances that the
expectations of any forward looking statements will prove to be
correct. Except as required by law, the Company disclaims any
intention and assumes no obligation to update or revise any forward
looking statements to reflect actual results, whether as a result
of new information, future events, changes in assumptions, changes
in factors affecting such forward looking statements or
otherwise.
SOURCE Jasper Commerce, Inc.