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FUND Katipult Technology Corp

0.01
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Katipult Technology Corp TSXV:FUND TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 0.005 0.01 0.01 0.01 0.01 69,000 14:30:00

Katipult Establishes Customer Consortium for the Industry's First Private Capital Network

07/12/2022 1:00pm

PR Newswire (Canada)


Katipult Technology (TSXV:FUND)
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CALGARY, AB, Dec. 7, 2022 /CNW/ - Katipult Technology Corp. (TSXV: FUND) ("Katipult" or the "Corporation"), a leading Fintech provider of software for powering the exchange of capital in equity and debt markets, announced today a strategic initiative with Cormark Securities, Red Cloud Securities, and Sprott Capital Partners to enable the automation of financing syndication across multiple investment dealers to streamline the entire new issuer investment lifecycle.

Katipult Technology Corp. logo (CNW Group/Katipult Technology Corp.)

Katipult will be launching the commercial instance of its proprietary DealFlow Mesh network in Q1 2023 and has established a customer group to participate in a lead up to the network's launch. The highly secure, purpose-built cloud-based infrastructure will connect industry participants and streamline the full new-issue lifecycle including distribution of offering terms and documents, real-time networked book building, and digital communication of allocations for syndicate members along with institutional and retail investors.

"Capital raising remains a costly and time-consuming process for every stakeholder across the industry. Katipult is working with leading North American dealers to resolve the fragmented and inefficient processes through a fully connected network - DealFlow Mesh - that establishes a cohesive and transparent channel between equity capital markets teams, wealth management divisions, law firms and issuers" said Gord Breese, Katipult CEO.

DealFlow Mesh will be an additional offering from Katipult and is expected to have broad implications for the entire private capital markets ecosystem. The company's current customers benefit from the rich feature set and actionable intelligence through existing Katipult products including DealFlow and DataHub – which include streamlined workflow tools, real-time data integrations, enhanced security and analytics.

"For years, industry participants have asked for an industry-driven, modern technology platform to power collaboration across investment dealers. The guidance, support, and direct involvement of our customers in this transformative initiative is further confirmation that we are building the optimal cloud solutions and infrastructure for the industry" add 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 solution 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 Statements

Certain disclosures in this release, including statements regarding the expected launch of DealFlow Mesh network and its capabilities, 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 business objectives and milestones and the anticipated timing of, and costs in connection with, the execution or achievement of such objectives and milestones, including timing of the launch of DealFlow Mesh network and the anticipated capabilities of DealFlow Mesh network. 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, 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 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.

Copyright 2022 Canada NewsWire

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