01:32:35 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Katipult Technology Corp
Symbol FUND
Shares Issued 71,523,066
Close 2023-10-23 C$ 0.085
Market Cap C$ 6,079,461
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Katipult's DealFlow raises over $165-million in Q3 2023

2023-10-24 13:57 ET - News Release

Mr. Gord Breese reports

KATIPULT DEALFLOW SURPASSES $165M IN Q3 CAPITAL-RAISING ACTIVITY

Katipult Technology Corp. facilitated over $165-million in capital raises during Q3 2023 through its DealFlow platform.

Despite challenging market conditions, Katipult customers were able to leverage the ability of DealFlow to enable issuers to navigate complex investment regulations across multiple jurisdictions and take advantage of exemptions such as Reg. 506 (B) and 506 (C) in the United States and Listed Issuer Financing Exemption (LIFE) in Canada.

Investors made over 5,000 transactions across the platform into a wide range of investment opportunities during the quarter. Several of these transactions utilized the company's proprietary DealFlow Central portal, which streamlines institutional investments and enables suballocations.

Investment firms also took advantage of the versatility of Katipult DealFlow in launching both brokered and non-brokered private placements for listed issuers, international REITs and preferred stock deals, as well as public offerings.

Katipult chief executive officer Gord Breese commented: "Our customers are utilizing Katipult Dealflow to facilitate an ever-increasing volume of capital formation activity. We credit the powerful, enterprise-grade tools and capabilities integrated into our platform for our customers' growing reliance on Katipult to facilitate their investment activities. We expect this trend to continue.

"By giving investment firms the power to navigate an increasingly complex regulatory environment, we are also realizing our vision of democratizing capital markets and empowering more investors to participate in institutional grade deals," Mr. Breese added.

About Katipult Technology Corp.

Katipult is a provider of industry-leading and award-winning software infrastructure for powering the exchange of capital in equity and debt markets. The company's 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.

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