Business & Investment

Flow Capital is Wedge Networks, Inc. Announced acquisition of investment in and bids for regular course issuers of common stock.

Toronto, December 24, 2020 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV: FW) (“Flow Capital” or “Company”), Wedge Networks, Inc. (“Wedge”) has announced that it has completed its acquisition. Flow Capital’s royalty investment is $ 1,250,000.

“The wedge team has developed a compelling solution to address cybersecurity threats. These threats are due to the ongoing pandemic reliance on telecommuting and the global Digital Cold War. Protecting against is even more important. Flow Capital is pleased to be able to participate in their growth. We hope they will be successful, “said Alex Balta, CEO of Flow Capital. I will.

“The partnership with Flow is very important to wedges. Alex and his team at Flow have demonstrated their ability to understand our innovation capabilities and visualize the potential of our solutions in the past. Twelve months wasn’t what everyone expected. Working with Flow, wedges survived a period of unpredictable global turmoil caused by the global epidemic. We were able to position ourselves for growth, “said Robphone, Chief Operating Officer and CFO of Wedge Networks.

We also today intend to begin regular course issuer bids through the TSX Venture Exchange (“TSXV”) facility to buy back 2,548,000 shares of our common stock (equivalent to approximately 7.92% of our company) for cancellation. Was announced. Issued common stock currently issued (“NCIB”). NCIB will continue to be subject to final approval by TSXV.

NCIB will begin on December 30, 2020, either (i) the Company in which we purchase 2,548,000 shares of common stock, (ii) the company notifying the termination of NCIB, and (iii) December 29, 2021. It will end at an early stage.

We may not adequately reflect our underlying value and future outlook in the market price of our common stock, in which case the purchase of our common stock represents the proper use of our finances. I think. Increase resources and shareholder value.

We have a contract with Hampton Securities Co., Ltd. to act as an NCIB broker (“broker”). NCIB is conducted through TSXV’s facilities, and purchases and payments of common stock are made in accordance with TSXV’s requirements, in addition to the market price of the applicable securities at the time of acquisition, as well as brokerage fees, if any. You will be billed by the broker. All securities purchased by us under the NCIB will be cancelled.

We may enter into pre-defined plans with brokers to allow us to purchase securities under the NCIB when we are not normally active in the market due to blackout periods of internal transactions.

To the best of our knowledge, our directors, senior officers or insiders, or affiliates of such persons, or our affiliates or affiliates, do not currently intend to sell the securities to us. NCIB. We have completed i) bids for regular course issuers on December 23, 2019. In this bid, we purchased 1,548,250 shares of common stock for an average of $ 0.28505 per share, with a total purchase price of $ 441,334. ii) Bidding for regular course issuers on August 1, 2019. We purchased 4,334,500 shares of common stock at an average price of $ 0.126628 per share, for a total purchase price of $ 548,847. iii) Substantial issuer bid on October 17, 2019. 5,708,090 shares of common stock were purchased by us at a total purchase price of $ 1,141,618 at a price of $ 0.20 per share.

A copy of each form 5G – The notice of intent to place a regular course issuer bid submitted to TSXV with respect to NCIB is available from us free of charge upon request.

About flow
capital

Flow Capital Corp. is a diverse alternative asset investor specializing in providing high-growth companies with minimal diluted capital. To apply for a loan, please visit: www.flowcap.com..

For more information, please contact:

Flow Capital Co., Ltd.

Alex Balta
Chief executive officer
alex@flowcap.com

1 Adelaide Street East, Suite 3002,
PO Box 171,
Toronto, Ontario M5C2V9

About wedge network

Wedge Networks, Inc. Is a real-time threat protection solution company. Its innovative technology platform, Wedge Absolute Real-time Protection (WedgeARP ™), is a software-defined organized network security system. WedgeARP ™ provides network-based real-time threat protection for all types of endpoints in a wide range of networks (mobile data, 5G, SD-WAN, SASE, smart cities / IIoT). WedgeARP ™ is deployed in the cloud, on-premises, data centers, or virtualized environments by enterprises, governments, and managed security service providers to inspect, detect, and block malware and cyber threats (known, unknown, and customized) in real time. ). Wedge achieves this through a portfolio of patented and patent-pending innovations, including Deep Content Inspection (DCI) technology that incorporates artificial intelligence and industry-leading security features. WedgeARP ™ is highly effective, flexible and autonomous, servicing mega-organizations from SMBs, protecting over 100 million endpoints in 17 countries, and enabling real-time threat protection of all sizes. It’s an approach.

Designated as Gartner’s Cool Bender and twice awarded the Build-In-Canada Innovation Award, Wedge Networks is headquartered in Calgary, Canada and has international teams in North America, Asia Pacific, the Middle East and North Africa. I will.

For more information on wedge networks, please visit: http://www.wedgenetworks.com/

For media and PR inquiries, please forward to the following address. PR@wedgenetworks.com

Information and statements regarding future prospects

This press release contains certain “forward-looking information” and “forward-looking statements,” within the meaning of the applicable securities law. Such forward-looking information and forward-looking statements do not represent past facts or information or current circumstances, but only Flow Capital’s beliefs about future events, plans, or objectives. Many are inherently uncertain and external. Of flow capital control. In general, such forward-looking information or forward-looking statements such as “plan”, “expect” or “not expect”, “expected”, “budget”, “planned”, etc. Can be identified using terms related to. , “Estimate”, “Prediction”, “Intention”, “Forecast”, “Unexpected”, “Believe”, or a variation of such a word or phrase, or a particular action, event, or result is “possible” It may contain the statement “is”, “made”, “will”, “may” or “taken”, “continue”, “occur” or “achieve”. By identifying such information and statements in this way, Flow Capital knows and unknowns that such information and statements may cause the company’s actual results, activity levels, performance, or outcomes. We warn our readers that we are affected by risks, uncertainties, and other factors. Substantially different from what is expressed or implied by such information or statements. Information regarding the future outlook for this press release includes the amount and timing of payments made by Flow Capital under the terms of the Transaction and the expected cash balance of Flow Capital after the transaction is completed. Not limited.

Our investment in securities is speculative and is exposed to many risks, including but not limited to those related to: The relative speculative and illiquid nature of investing in a company. Volatility of our stock price. The ability of a company to generate sufficient revenue. The ability of the company to manage future growth. Limited diversification in our existing investments. Our ability to negotiate additional royalty purchases or other forms of investment from new investees. Our reliance on the business, assets and financial position of the investee company. Our limited ability to manage or direct investee companies. Potential defaults by investee companies and the unsecured nature of our particular investment. A company’s ability to enforce defaults by investee companies. Competition with other investment entities.Tax issues, including the potential impact of Foreign Account Tax Compliance Act In the company; the potential impact of being classified as a passive foreign investment company. Our ability to pay future dividends, and the timing and amount of those dividends. Dependence on key persons. Diluting shareholder interests from future financing. And general economic and political situations. It also includes the risks described in our published documents. Flow Capital sought to identify key factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, but the results were expected, estimated, or as intended. There may be other factors that may prevent you from becoming.

Flow Capital makes certain assumptions in connection with the forward-looking information and forward-looking statements contained in this press release. Assumptions about the performance of the Canadian and US economies over the next 24 months, how they will affect our business, and our ability to identify and close new opportunities with new investors are our strategic priorities. It’s an important factor to consider when setting rankings and goals. And business prospects, including the ability to meet the required payments under the Transaction. Flow Capital believes that the assumptions and factors used in the preparation, and the expectations contained therein, are reasonable, but should not place undue reliance on such information and statements, such guarantees or No guarantee can be given. Information and statements regarding such forward-looking statements are proven to be accurate, as actual results and future events may differ materially from those expected in such information and statements.

Forward-looking information and forward-looking statements contained in this press release were prepared as of the date of this press release, and Flow Capital may include forward-looking information and / or future information. We do not promise to update the outlook statement. Referenced herein, unless subject to applicable securities law. All subsequent written and oral forward-looking information and statements arising out of Flow Capital or its agents are expressly qualified in their entirety by this notice.

Neither the TSX Venture Exchange nor its regulatory service providers (the term is defined in the TSX Venture Exchange Policy) are responsible for the validity or accuracy of this release.

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Flow Capital is Wedge Networks, Inc. Announced acquisition of investment in and bids for regular course issuers of common stock.

https://financialpost.com/pmn/press-releases-pmn/globe-newswire-releases/flow-capital-announces-the-buyout-of-its-investment-in-wedge-networks-inc-and-a-normal-course-issuer-bid-for-common-shares Flow Capital is Wedge Networks, Inc. Announced acquisition of investment in and bids for regular course issuers of common stock.

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