CALGARY,
AB, June 21, 2022 /CNW/ - Katipult Technology
Corp. (TSXV: FUND) ("Katipult" or the "Corporation"), a leading
Fintech provider of software for powering the exchange of capital
in equity and debt markets, announced today that Sprott Capital
Partners has chosen to use Katipult DealFlow to modernize its
processes around financings. Sprott Capital Partners LP
("SCP"), a division of Sprott Inc. was formed in 2017 to
provide a comprehensive suite of capital raising and advisory
solutions to natural resources companies. In a short period of
time, SCP has become a trusted partner to corporate and
institutional clients by leading and completing a number of
financings and M&A advisory mandates. Leveraging its deep
sector expertise, longstanding relationships and best-in-class
execution capabilities, SCP is uniquely positioned to deliver
successful financial and strategic outcomes to its clients.
"At Sprott Capital Partners, financings are an important and
growing part of our business. Our standing in the industry means we
are frequently the dealer of choice for the natural resources
space. As such, it is crucial that we modernize our processes to
improve efficiency and create a better experience for both
investors and issuers. We're confident that Katipult DealFlow –
which has been specifically designed for managing deal workflow and
is already widely used in the Canadian IIROC dealer community –
will allow us to achieve this," says Lisa
Edwards, Chief Operating Officer and Chief Compliance
Officer of Sprott Capital Partners.
Katipult DealFlow is an industry-leading solution that functions
as the operating system for investment capital. DealFlow simplifies
and personalizes the signing experience for investors by creating
an intelligent digital subdoc from the legal agreement prepared by
issuer counsel, eliminating 85 percent of not-in-good-order
documents. This speeds up the entire deal's process flow while
saving internal resources on the part of compliance teams, equity
capital management teams, and investment advisors. It also leads to
a superior experience on the part of investors, with issuers also
being able to secure their capital quicker.
"We are pleased to welcome Sprott Capital Partners into the
expanding community of financial companies using DealFlow to bring
their processes into the digital era. DealFlow is used by firms
like Canaccord Genuity, Raymond
James, Echelon Wealth Partners, Cormark Securities, and TSX
Trust. Sprott Capital Partners makes an excellent addition to our
customer portfolio," says Gord Breese, Katipult CEO.
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 solution 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.
Regarding Forward Looking Statements: Certain disclosure in
this release, including statements regarding the streamlining and
automation of internal processes at Sprott Capital Partners and the
growth of Katipult's portfolio of investment banks 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, and the
industry will continue to see value in the Corporation's product.
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
and product implementation 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,
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.