09:33:34 EDT Wed 08 Apr 2026
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G2M Cap QT, name change to Salescloser Technologies

2026-04-07 20:28 ET - New Listing

See Change Name, Roll Back Shares (C-GTM) G2M Cap Corp

The TSX Venture Exchange has accepted for filing the qualifying transaction of Salescloser Technologies Ltd. (formerly G2M Cap Corp.), as described in its filing statement dated March 18, 2026.

As a result, at the opening on April 9, 2026, Salescloser Technologies will no longer be considered as a capital pool company. The qualifying transaction consisted of the arm's-length acquisition of all of the issued and outstanding common shares in the capital of Salescloser Technologies Inc., pursuant to the master agreement dated Dec. 22, 2025, as amended, in exchange for 22.75 million postconsolidated shares (see below) at a deemed value of 75 cents per share for aggregate gross proceeds of $17,062,500.

The company consolidated its shares on a one-new-for-7.15-old share basis. The shares will be exchanged on a one-for-one basis on a postconsolidated basis.

For additional information, refer to the company's news releases dated March 20, 2026, and March 26, 2026, and its filing statement dated March 18, 2026 which is filed on SEDAR+.

In connection with the closing of the transaction, Salescloser closed its previously announced non-brokered bridge financing of $1.5-million of unsecured, interest-free, convertible notes. The convertible notes converted into 2,499,997 common shares of Salescloser at a price of 60 cents per share.

A 7-per-cent finder's fee, totalling 175,000 warrants, has been paid to an arm's-length party by Salescloser as a finder in respect of the bridge financing. The finder's warrants are exercisable at 60 cents per share for a period of two years.

Private placement -- non-brokered

Prior to the completion of the QT, the company completed the concurrent non-brokered private placement of subscription receipts at 75 cents per subscription receipt. The subscription receipts have been exchanged into the following securities on a postconsolidation basis of the resulting issuer.

Financing type:  non-brokered private placement

Gross proceeds:  $5,449,995

Offering:  7,266,660 listed shares with 3,633,298 warrants

Offering price:  75 cents per listed share

Warrant exercise terms:  $1.25 per listed share for a two-year period, subject to an acceleration right

Commissions in securities:  481,667 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 75 cents for a two-year period.

Disclosure:  Refer to the company's news releases dated Nov. 5, 2025, Dec. 23, 2025, Feb. 24, 2026, March 20, 2026, and March 26, 2026.

Name change and consolidation

Pursuant to a resolution passed by shareholders on March 20, 2026, the company has consolidated its capital on a one-new-for-7.15-old basis. The name of the company has also been changed as detailed below.

Effective at the opening April 9, 2026, the common shares of Salescloser Technologies will commence trading on the TSX Venture Exchange, and the common shares of G2M Cap will be delisted.

Resume trading

Effective at the opening of business on April 9, 2026, the common shares of Salescloser Technologies will commence trading on the TSX Venture Exchange as a Tier 2 technology company.

Capitalization:  unlimited number of common shares with no par value, of which 35,956,228 common shares are issued and outstanding

Escrow:  23,106,641 common shares issued pursuant to the qualifying transaction are escrowed pursuant to an exchange Tier 2 escrow agreement

Transfer agent:  TSX Trust Company

Trading symbol:  SCAI (new)

Cusip No.:  79467H 10 2 (new)

The exchange has been advised that the above transactions have been completed.

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