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by Stockwatch Business Reporter

The TSX Venture Exchange declined 2.58 points to 642.51 Wednesday. Ron Schmeichel's capital pool shell, Mira VI Acquisition Corp., completed its qualifying transaction yesterday, launching Perk.com Inc. (PER). The shell rolled back 1:41.6667, shrinking its share count to 300,000 postconsolidated shares and leaving its shareholders with odd lots, after which it issued 17,864,605 postconsolidated common shares plus 2,158,474 restricted voting shares to the shareholders of Perk.com. The stock started trading on the Toronto Stock Exchange today, opening at $6 and then slipping to a $5.50 close after trading 826,000 shares, including an 800,000-share cross by broker Canaccord Genuity.

Perk.com, with 132 full-time employees, is an app-maker that rewards users for spending time on its apps with points, called Perk points. These are digital rewards that users can redeem for gift cards and cash. Users can accumulate Perk points by watching movie trailers, shopping on-line, surfing the Internet, playing trivia games and so on. Perk.com says that as of June 30, there have been over 4.5 million installations of its apps, and users have redeemed more than $10-million (U.S.) worth of Perk points. As one might expect, the company targets millennials and stay-at-home moms. The company also recently launched its Appsaholic software development kit, which allows other businesses to embed Perk.com's rewards software into their own apps and websites. In the fiscal year ended Dec. 31, 2014, Perk.com earned $63,569 on revenue of $17.14-million.

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