Canaccord Genuity to leverage Katipult's
technology offering as a digital complement to its capital raising
and private placement capabilities
CALGARY, AB, March 23, 2021 /CNW/ - Katipult Technology Corp.
(TSXV: FUND) ("Katipult" or the "Corporation"), a provider of
industry leading and award-winning software infrastructure for
powering the exchange of capital in equity and debt markets, is
pleased to announce that it has entered into a multi-year software
license agreement and strategic co-marketing agreement with
Canaccord Genuity Group Inc. ("Canaccord Genuity" or "CG").
The agreements support Katipult's growth and market expansion
plans with a focus on strengthening its market position in
Canada and expanding its presence
in the U.S., UK and Australian capital markets.
This expanded commercial relationship serves to forge a
productive relationship between Katipult and CG that:
- Provides Canaccord Genuity with access to Katipult's software
for deployment across its wealth management and capital markets
businesses, which operate from locations in Canada, the U.S., UK and Australia, for the purpose of enabling CG to
execute capital raising and related services in a secure digital
environment;
- Leverages CG's established capital markets expertise and
international presence to support Katipult in its deployment of
existing and new technology solutions for expediting deal flow,
managing compliance and fast-tracking the delivery of services to
clients; and
- Fosters ongoing collaboration between Katipult and CG to
support the continued advancement of Katipult's digital solutions,
in support of Katipult's ambitions of becoming a leading global
provider of capital markets software infrastructure.
"We are thrilled to solidify our relationship with Canaccord
Genuity, a leading independent investment dealer that has deeply
established capabilities and relationships in key financial markets
across the globe," said Gord Breese, CEO of Katipult Technology
Corp. "With this development, we expect to accelerate our strategic
priorities to strengthen our market position, and ultimately create
value for our shareholders."
"Katipult provides a powerful, cloud-based infrastructure that
will allow us to manage our private placement activities in a
digital environment and improve coordination across teams and
geographies, so that we can provide the best possible outcomes for
our clients," said Pat Burke,
President Capital Markets – Canada, Canaccord Genuity Corp. "We look
forward to continued collaboration with the Katipult team as we
increase our offering of secure, digital solutions for our
employees and clients in this rapidly evolving marketplace."
To learn more about Canaccord Genuity, visit www.cgf.com
About Katipult
Katipult (www.katipult.com) is a provider of industry leading
and award-winning software infrastructure for powering the exchange
of capital in equity and debt markets. Our cloud-based platform 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.
Cautionary Note Regarding Forward Looking
Statements
Certain disclosure in this release, including
statements regarding strengthening Katipult's market position
in Canada and expanding Katipult's
presence in the U.S., UK and Australian capital markets, deployment
of Katipult's software across Canaccord Genuity's wealth management
and capital markets businesses, the advancement of Katipult's
solutions, acceleration of Katipult's strategic priorities, and
creating shareholder value, constitute forward-looking statements.
In making the forward-looking statements in this release, the
Corporation has applied certain factors and assumptions that are
based on the Corporation's current beliefs as well as assumptions
made by and information currently available to the Corporation,
including, but not limited to, the Corporation's product will
continue to operate as expected, the industry will continue to see
value in the Corporation's product, the Corporation will be able to
recruit talented and experienced sales, support and other
individuals required to execute the Corporation's plans, and that
the Corporation's employees, consultants, customers, suppliers and
other stakeholders will be able to manage successfully throughout
the Covid-19 pandemic. Although the Corporation considers these
assumptions to be reasonable based on information currently
available to it, they may prove to be incorrect, and the
forward-looking statements in this release are subject to numerous
risks, uncertainties and other factors that may cause future
results to differ materially from those expressed or implied in
such forward-looking statements. Such risk factors may include,
among others, failure to manage growth successfully, lengthier than
anticipated sales and implementation cycle, cyber risks, risks
related to cloud based solutions, failure to continue to adapt to
technological change and new product development, dependence on key
personnel, competition, intellectual property risks, economic
conditions, the financial and economic fallout due to the Covid-19
pandemic, privacy concerns and legislation, regulatory environment,
risk associated with a change in the Corporation's pricing model,
risk of defects in the Corporation's solution, dependence on market
growth, operational service risk, dependence on partners and delay
or failure to realize anticipated benefits of key account
installations. Readers are cautioned, especially in these uncertain
times, not to place undue reliance on forward-looking statements.
The Corporation does not intend to, and expressly disclaims any
intention or obligation to, update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Katipult Technology Corp.