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Shell Summary for Aug. 13, 2020

2020-08-13 20:30 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange closed up 15.68 points to 741.39 Thursday. Seth Kay's first capital pool shell, Aphelion Capital Corp. (APHE: halted), plans to acquire two related tech firms for the shell's qualifying transactions. They are ETI Technologies Inc. and Edge AI Ltd. The shell, which has four million common shares issued, will issue 50 million preferred shares to ETI's shareholders and 27 million common shares to Edge AI's shareholders.

ETI, also known as Edge Technologies Inc., is an enterprise software firm in Arlington, Va. It was founded in 1993 and now has about 50 employees. It offers software platforms that enable users, specifically corporate users, to integrate their operations of multiple enterprise systems. That is, as businesses tend to use several software programs for various purposes, ETI provides platforms that are meant to help them work with all those programs efficiently. One of ETI's platforms, EdgeCore, includes tools for combining data from separate sources and then presenting those data in charts or graphs. Such tools are an important part of ETI's product offerings, and the company is often described as a "data visualization" firm. Data visualization tools could be useful, for instance, to business analysts.

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