Press releases

CALGARY, AB, June 22, 2021 /CNW/ - Katipult Technology Corp. (TSXV: FUND), a leading Fintech provider of software for powering the exchange of capital in equity and debt markets, today announced that Cormark Securities Inc., a leading independent investment dealer, is deploying Katipult software as a strategic initiative to enhance its client experience and optimize internal workflow efficiencies through increased digitization while ensuring best in class regulatory compliance.

“Cormark was impressed with Katipult’s technology and scale, as well as its ability to meet our modernization goals,” said Chris Shaw, CEO of Cormark Securities. “We are excited to work with Katipult to support client service excellence and operational efficiencies across our firm while maintaining our focus on best in class regulatory compliance. Our goal is to streamline and modernize our processes for institutional investor onboarding and ongoing engagement with our 850+ institutional clients.”

CALGARY, AB, June 18, 2021 /CNW/ - Katipult Technology Corp. (TSXV: FUND) ("Katipult" or the "Corporation") announces that Mr. Marcus Shapiro has resigned from the board of directors of the Corporation (the "Board") effective June 30, 2021.

CALGARY, AB, May 27, 2021 /CNW/ - Katipult Technology Corp. (TSXV: FUND) ("Katipult" or the "Corporation"), provider of an industry leading and award-winning cloud-based software infrastructure for powering the exchange of capital in equity and debt markets, is pleased to announce its financial results for the three-month period ended March 31, 2021.

CALGARY, AB, May 19th, 2021 /CNW/ - Katipult Technology Corp. (TSXV: FUND) ("Katipult" or the "Corporation"), a provider of industry leading and award-winning software infrastructure for powering the exchange of capital in equity and debt markets, is pleased to announce the appointment of James Church as VP, Product, and Stephen Donovan, VP, Customer Success to further scale Katipult’s go-to-market strategy. 

CALGARY, AB, May 6, 2021 /CNW/ - Katipult Technology Corp. (TSXV: FUND) ("Katipult" or the "Corporation"), a provider of industry leading and award-winning software infrastructure for powering the exchange of capital in equity and debt markets, is pleased to announce it has entered into a partnership agreement with VoPay to digitize online payments with speed, transparency and traceability for its SaaS deal management platform.

Calgary, April 20, 2021 /CNW/ - Katipult Technology Corp. (TSXV: FUND) ("Katipult" or the "Corporation"), provider of an industry leading and award-winning cloud-based software infrastructure for powering the exchange of capital in equity and debt markets, is pleased to announce its financial results for the three and twelve-month periods ended December 31, 2020.

Canaccord Genuity to leverage Katipult's technology offering as a digital complement to its capital raising and private placement capabilities

CALGARY, AB, March. 8th, 2021 /CNW/ - Katipult Technology Corp. (TSXV: FUND) ("Katipult" or the "Corporation"), a provider of industry leading and award-winning software infrastructure for powering the exchange of capital in equity and debt markets, is pleased to announce the addition of Raymond James & Associates, Inc. to its growing customer list.

Raymond James, a leading diversified financial services company with approximately 8,200 financial advisors and clients assets of $1.02 trillion, selected Katipult to provide the software for a new online private placements platform to distribute alternative investment products offered by its Equity Capital Markets division across its financial advisor network. Katipult will support their operations across this spectrum of offerings while streamlining and automating internal processes like assigning financial advisor allocations, distributing investor subscription documents, and standardizing regulatory compliance and reporting.

"Raymond James shares our vision to modernize private capital markets and securing them as a customer is a significant endorsement of Katipult’s capabilities. " said Katipult CEO Gord Breese. "This relationship is part of our strategy to grow our portfolio of tier 1 financial institutions and investment banks embracing fully digital capital raises and investor servicing” added Mr Breese.

About Katipult
Katipult (www.katipult.com) is a provider of industry leading and award-winning software infrastructure for powering the exchange of capital in equity and debt markets. Our cloud-based platform and solutions digitize investment workflow by eliminating transaction redundancy, strengthening compliance, delighting investors, and accelerating deal flow. Katipult provides unparalleled adaptability for regulatory compliance, asset structure, business model, and localization requirements.

Forward-Looking Statement
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release, including statements regarding the streamlining and automation of internal processes at Raymond James and the growth of Katipult's portfolio of tier 1 financial institutions and investment banks constitute forward-looking statements. In making the forward-looking statements in this release, the Corporation has applied certain factors and assumptions that are based on the Corporation's current beliefs as well as assumptions made by and information currently available to the Corporation, including, but not limited to, the Corporation's product will continue to operate as expected, the industry will continue to see value in the Corporation's product, the Corporation will be able to recruit talented and experienced sales, support and other individuals required to execute the Corporation's plans, and that the Corporation's employees, consultants, customers, suppliers and other stakeholders will be able to manage successfully throughout the Covid-19 pandemic. Although the Corporation considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors may include, among others, failure to manage growth and product implementation successfully, lengthier than anticipated sales and implementation cycle, cyber risks, risks related to cloud based solutions, failure to continue to adapt to technological change and new product development, dependence on key personnel, competition, intellectual property risks, economic conditions, the financial and economic fallout due to the Covid-19 pandemic, privacy concerns and legislation, regulatory environment, risk associated with a change in the Corporation's pricing model, risk of defects in the Corporation's solution, dependence on market growth, operational service risk, dependence on partners and delay or failure to realize anticipated benefits of key account installations. Readers are cautioned, especially in these uncertain times, not to place undue reliance on forward-looking statements. The Corporation does not intend to, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the 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.

SOURCE Katipult Technology Corp.

CALGARY, AB, Feb. 12, 2021 /CNW/ - Katipult Technology Corp. (TSXV: FUND) ("Katipult" or the "Corporation"), a provider of industry leading and award-winning software infrastructure for powering the exchange of capital in equity and debt markets, is pleased to announce that it has entered into an agreement for a C$3.0 million investment (the "Investment") from Canaccord Genuity Group Inc. ("Canaccord Genuity").

Proceeds from the Investment will be used to fund Katipult's growth and market expansion plans, with a focus on strengthening its existing market position in the Canadian capital markets, and expanding its presence in the U.S., UK and Australian capital markets.

The Investment will be in the form of C$3.0 million of unsecured subordinated convertible debentures (the "Debentures"), with no interest (0% coupon) and will mature five years from the closing date of the Investment (the "Maturity Date") at which time, the principal amount of the Debentures will become due and payable. Closing is expected to occur on or before March 5, 2021. Until the Maturity Date, Canaccord Genuity may convert the Debentures into common shares in the capital of the Corporation (the "Common Shares") at a conversion price of $0.23 per Common Share. As part of the Debenture financing, the Corporation has granted Canaccord Genuity warrants to acquire 12,000,000 Common Shares (the "Warrants"), exercisable at any time on or prior to the Maturity Date. Each Warrant is exercisable into one Common Share at an exercise price of $0.25 per Common Share.

No finder's fees, broker's fees and/or commissions will be paid in connection with the Investment.

Under applicable Canadian securities law, the Debentures, the Warrants and the underlying Common Shares to be issued pursuant thereto will be subject to a hold period of four months and a day from the date of issuance of the Debentures and the Warrants.

Closing of the Investment is subject to, among other things, the approval of the TSX Venture Exchange ("TSXV").