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Shell Summary for Aug. 1, 2019

2019-08-01 20:40 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange closed up 4.90 points to 596.56 Thursday. Harry Chew and Sonny Chew's fifth capital pool shell, Unilock Capital Corp. (UUU: halted), plans to acquire a California tech firm, Footprintku Inc., for the shell's qualifying transaction. The shell, which has six million shares issued, will issue 62.5 million shares to its target's shareholders.

Footprintku was founded in 2016. It offers a software platform to electronics engineers, specifically the designers of electronic parts. Footprintku's software can quickly create 3-D models of electronic parts based on PDF (portable document format) spec sheets, completing this task within a day instead of several days. Its software platform can also automate the task of performing quality control on manufactured parts. Footprintku also provides cloud storage for its customers' collections of hundreds of designs of electronic parts.

Footprintku is a subsidiary of PalPilot International Corp., a designer and manufacturer of circuit boards and other electrical and mechanical components. PalPilot was founded in 1988. It now has two offices in California, one in Taiwan and one in Shenzhen, China.

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