Hires Sophic Capital TrackX Holdings appoints Sophic Capital as IR firm
2017-01-11 14:15 ET - News Release
Mr. Tim Harvie reports
TRACKX HOLDINGS INC. ENGAGES SOPHIC CAPITAL FOR CAPITAL MARKETS SERVICES
TrackX Holdings Inc. has appointed Sophic Capital Inc. as its investor relations firm. Sophic Capital is a comprehensive capital markets advisory firm that will focus on increasing investor awareness of TrackX by developing a comprehensive communications strategy and introducing TrackX to investment advisers, investment dealers, institutions and other financial professionals.
"Adoption of TrackX's cloud-based, enterprise-based asset-tracking solution is accelerating as customers and prospects seek to unlock their assets' hidden value," said Tim Harvie, president and chief executive officer of TrackX. "After conducting our own comparative analysis, TrackX has selected Sophic Capital to help communicate our market opportunity and growth strategy to institutional and retail investors."
"We are excited that TrackX has chosen Sophic Capital to execute its capital markets and investor relations strategies," said Sean Peasgood, CEO of Sophic Capital. "After completing our own due diligence process, we believe that TrackX's growth prospects could be sizable. Management has substantial industry experience, and several blue-chip, name brand customers have implemented the company's platform. We look forward to communicating TrackX's successes to the investment community."
TrackX's engagement with Sophic Capital is for a 12-month term, on a fee-for-services basis of $7,000 per month. In addition, Sophic has been granted options to purchase up to 200,000 shares of TrackX at a price of 36 cents per share. The options will vest quarterly in four tranches of 50,000 each, starting on Jan. 11, 2017, and will expire on the earlier of: (i) 90 days after termination of the engagement, and (ii) Jan. 11, 2020. The options are governed by the provisions of the company's stock option plan and the policies of the TSX Venture Exchange.
About TrackX
TrackX is a global leader in providing cloud-based, asset-tracking solutions for supply chain and logistics-intensive businesses.
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