G2M CAP CORP. ANNOUNCES RESULTS OF SPECIAL SHAREHOLDERS MEETING FOR QUALIFYING TRANSACTION WITH SALESCLOSER AI AND WISHPOND TECHNOLOGIES LTD.
MWN-AI** Summary
G2M Cap Corp. (TSXV: GTM.p) recently announced the results of its special shareholders meeting concerning a significant transaction with SalesCloser Technologies Inc., a company owned by Wishpond Technologies Ltd. (TSXV: WISH; OTCQX: WPNDF). The meeting, held on March 20, 2026, resulted in unanimous approval from G2M shareholders for multiple key items related to this qualifying transaction, which involves G2M acquiring SalesCloser.
The approved matters included G2M’s transition from a federal jurisdiction to the province of British Columbia, adoption of new corporate articles, and a name change to SalesCloser Technologies Ltd. Furthermore, shareholders agreed to a share consolidation at a rate of 7.15:1, along with the establishment of a new stock option plan (SOP) featuring a fixed 20% option pool. As part of this SOP, disinterested shareholders also approved the granting of 3,800,000 post-consolidation stock options to SalesCloser founders Ali Tajskandar and Jordan Gutierrez.
Hari Nesathurai, CEO of G2M, expressed enthusiasm over the shareholders' overwhelming support, highlighting the strategic value of incorporating SalesCloser's AI-driven technology and its growth potential. The closing of this transaction, along with accompanying financing, is expected to take place around March 24, 2026, pending final regulatory approvals.
Investors are cautioned regarding the speculative nature of this capital pool company transaction. G2M emphasizes that there are no guarantees the transaction will be completed as proposed, noting potential risks including market conditions and approval delays. For further details, interested parties can review G2M's information circular filed on SEDAR+.
MWN-AI** Analysis
G2M Cap Corp.'s recent announcement regarding the successful completion of a special shareholders meeting signals a pivotal moment for the company as it prepares to finalize its qualifying transaction with SalesCloser Technologies and Wishpond Technologies Ltd. This unanimous approval provides a favorable outlook for G2M as it transitions into SalesCloser, a growth-oriented entity in the AI sector.
From a market perspective, the unanimous shareholder support indicates strong internal confidence and may attract positive attention from investors. The decision to change G2M's name to SalesCloser Technologies Ltd. and consolidate shares on a 7.15:1 basis reflect strategic efforts to position the company for enhanced market presence and operational efficiency. Such consolidation often aims to enhance the stock's value per share and may make it more appealing to institutional investors.
Moreover, the introduction of a new stock option plan further aligns management’s interests with those of shareholders, promoting growth through incentivizing key personnel. As the company anticipates closing the transaction around March 24, 2026, the potential for future expansion in the AI market becomes a significant catalyst for G2M’s stock performance.
However, investors should remain cognizant of inherent risks associated with qualifying transactions, particularly given the forward-looking nature of the business strategies involved. Factors such as the necessity for regulatory approvals and market conditions pose potential challenges that could impact the completion of the transaction.
In conclusion, while G2M Cap Corp. presents a compelling investment opportunity within the burgeoning AI technology space, it is essential for stakeholders to evaluate the risks carefully. Monitoring the upcoming transaction finalization and market reactions will be crucial for informed investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Canada NewsWire
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Shareholders Unanimously Approve Matters Related to Transaction
VANCOUVER, BC, March 20, 2026 /CNW/ - G2M Cap Corp. (TSXV: GTM.p) ("G2M"), Wishpond Technologies Ltd. ("Wishpond") (TSXV: WISH) (OTCQX: WPNDF) and SalesCloser Technologies Inc. ("SalesCloser") are pleased to announce that, further to the news releases dated December 23, 2025 and February 23, 2026, G2M has concluded its special shareholder meeting (the "Meeting") in respect of the qualifying transaction (the "Transaction") involving G2M's acquisition of SalesCloser from Wishpond.
At the Meeting, shareholders of G2M unanimously approved all the matters put before them, being: (a) G2M continuing from the federal jurisdiction of Canada to British Columbia; (b) adopting new articles; (c) the changing of G2M's name to SalesCloser Technologies Ltd.; (d) consolidating G2M common's shares on a 7.15:1 basis; and (e) approving a new fixed 20% stock option plan (the "SOP"). In addition, disinterested shareholders of G2M approved the granting of an aggregate of 3,800,000 post-consolidation stock options to SalesCloser founders Ali Tajskandar and Jordan Gutierrez pursuant to the SOP.
With the matters related to the Transaction having been approved at the Meeting, G2M, Wishpond and SalesCloser intend to close the Transaction, including the upsized concurrent financing, on or about March 24, 2026.
Hari Nesathurai, CEO of G2M, commented, "Our team is so pleased to have received overwhelming support from our shareholders in approving our transaction with SalesCloser. We are excited to be leading the public listing of a company with disruptive AI technology and a track record of rapid growth. We look forward to closing the financing and transaction in the near future."
For more information on the Meeting and the Transaction, please see G2M's information circular which has been filed on its SEDAR+ profile at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements in this press release include, without limitation, statements concerning the Definitive Agreement, the Transaction, the completion of the Bridge Financing and the Concurrent Financing, the anticipated timing for completion of the Transaction, the expected ownership of the Resulting Issuer, the intention to apply to list the Resulting Issuer Shares on the TSXV, and the anticipated business and operations of the Resulting Issuer following completion of the Transaction. Forward-looking statements are based on current expectations and assumptions made by management, including assumptions regarding the ability of the parties obtain required regulatory, shareholder and stock exchange approvals, complete the Concurrent Financing on acceptable terms, and general economic and market conditions. Forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those expressed or implied, including the risk that the Transaction or the Concurrent Financing will not be completed as currently contemplated or at all, that required approvals will not be obtained or will be delayed, changes in market conditions, and other risks generally applicable to companies undertaking a qualifying transaction or reverse takeover. There can be no assurance that the Transaction will be completed on the terms described in this press release, or at all. All forward-looking statements herein are qualified in their entirety by this cautionary statement, and Wishpond disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.
Completion of the Transaction is subject to a number of conditions, including but not limited to, ?TSXV acceptance and if applicable pursuant to TSXV requirements, majority of the minority ?shareholder approval. Where applicable, the Transaction cannot close until the required ?shareholder approval is obtained. There can be no assurance that the Transaction will be ?completed as proposed or at all.?
Investors are cautioned that, except as disclosed in the management information circular or filing ?statement to be prepared in connection with the Transaction, any information released or received ?with respect to the Transaction may not be accurate or complete and should not be relied upon. ?Trading in the securities of a capital pool company should be considered highly speculative.?
The TSXV has in no way passed upon the merits of the Transaction ?and has neither approved nor disapproved the contents of this news release.?
This news release does not constitute an offer to sell or the solicitation of an offer to buy any ?securities in any jurisdiction.? The securities referred to in this news release have not been, and will not be, registered under the ?United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold within the United ?States or to, or for the account or benefit of, any U.S. person unless they are registered under the ?United States Securities Act of 1933, as amended, and any applicable state securities laws, or an applicable ?exemption from the such U.S. registration requirements is available. This news release does not constitute an offer ?for sale of securities, nor a solicitation for offers to buy any securities. Any public offering of ?securities in the United States must be made by means of a prospectus containing detailed ?information about the company and management, as well as financial statements.?
SOURCE Wishpond Technologies Ltd.
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FAQ**
How does G2M's acquisition of SalesCloser from Wishpond Technologies WPNDF enhance its competitive position in the AI technology market?
What specific growth metrics or achievements from SalesCloser were highlighted in G2M's special shareholders meeting to support the transaction?
Given the unanimous approval from shareholders, what changes to G2M's operational strategy can we expect post-acquisition from Wishpond Technologies WPNDF?
Can you elaborate on the expected impact of the new fixed 20% stock option plan on shareholder value following the acquisition of SalesCloser?
**MWN-AI FAQ is based on asking OpenAI questions about Wishpond Technologies (OTC: WPNDF).
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