Mr. Gord Breese reports

KATIPULT DEALFLOW CAPITAL RAISING ACTIVITY SURGED TO $647M IN 2023

Katipult Technology Corp. facilitated over $647-million in capital raises during 2023 through its DealFlow platform.

Despite continued economic headwinds and a slowdown in capital markets activity, Katipult's enterprise customers were able to raise 71 per cent more capital than in 2022, completing deals valued at $545-million, compared with $318-million in the year prior. Various exemptions, including Reg D offerings in the United States and the new listed issuer financing exemption (LIFE) in Canada, facilitated the capital-raising activity.

Data from Katipult DealFlow also showed a 55-per-cent increase in the total number of deals launched on the platform and a 10-per-cent increase in average deal value, suggesting a trend toward improving capital markets activity heading into 2024.

In addition to the total capital raised, enterprise transactions also experienced 6.8-per-cent growth, and the overall number of transactions reached 19,018 in 2023. There was also a substantial increase in the average transaction value for enterprise customers, which reached $78,000 per transaction from the $48,000 recorded in 2022.

"Our DealFlow product continues to improve the operational capabilities of our customers," said Katipult chief executive officer Gord Breese. "DealFlow introduces modern workflows to improve the capital raising process for all stakeholders, which results in faster deal closings, lower investor friction and more successful capital-raising efforts."

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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