Wishpond hires Angad Capital for consulting, IR Wishpond hires Angad Capital for consulting, IR
2020-12-30 17:45 ET - News Release
Mr. Pardeep Sangha of Angad reports
WISHPOND ENTERS INTO CAPITAL MARKETS ADVISORY SERVICES AGREEMENT WITH ANGAD CAPITAL
Wishpond Technologies Ltd. has retained Angad Capital Inc. to provide corporate strategy, capital markets advisory and investor relations services.
In connection with the engagement, Angad Capital has been awarded a consulting agreement for an initial term of one year commencing Jan. 1, 2020, for a fee of $10,000 per month. Wishpond has also agreed to grant Angad Capital with incentive stock options to purchase 150,000 common shares in the capital of the company at a price of $2.18 per common share. The options are granted pursuant to the company's stock option plan and will vest in accordance with the provisions therein and the policies of the TSX Venture Exchange.
Angad Capital was founded and operated by Pardeep Sangha, a former ranked investment equity analyst for Haywood Securities Inc. and PI Financial Corp., who specialized in covering small-cap technology companies. Angad Capital provides capital markets advisory services to early-stage technology companies including business plan formation, corporate strategy, valuation and financial modelling, acquisition advisory, and investor relations. Angad Capital's clients include WELL Health Technologies Corp. and INEO Tech Corp. As at the date hereof, Angad Capital and Mr. Sangha collectively own 519,637 shares of Wishpond.
Wishpond also announces that the company's board of directors has authorized, pursuant to its stock option plan, the grant of incentive stock options to directors, officers, employees and advisers of the company to purchase an aggregate of 2,863,221 common shares in the capital of the company at an exercise price of $2.18 per share. The stock options are granted for a 10-year term from Dec. 29, 2020.