/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, BC, Nov. 26, 2020 /CNW/ - Antera Ventures I Corp.
(TSXV: ANTI.P) (the "Company") is pleased to announce that
the TSXV Venture Exchange ("TSXV") has conditionally
approved its proposed business combination with Wishpond
Technologies Ltd. ("Wishpond") by way of a three-cornered
amalgamation which will constitute the qualifying transaction of
the Company (the "Qualifying Transaction"), and that it has
filed a filing statement in respect of the Qualifying Transaction
dated effective November 26, 2020 on
the Company's SEDAR profile.
Assuming all conditions to the closing of the Qualifying
Transaction are satisfied, the Company and Wishpond anticipate
closing the Qualifying Transaction on or about December 8, 2020. In due course, the parties will
issue a further press release announcing the closing of the
Qualifying Transaction and the date on which the common shares of
the Company will resume trading.
In connection with the Qualifying Transaction, and prior
thereto, the Company will change its name to "Wishpond Technologies
Ltd." and consolidate its outstanding share capital on the basis of
approximately 4.646720625 (old) common shares for 1 (new) common
share. In addition, an aggregate of 6,133,000 subscription receipts
of Wishpond will be converted into Wishpond common shares
immediately prior to the completion of the Qualifying Transaction,
and all shares of Wishpond will be exchanged for (new) common
shares of the Company at the effective time of the Qualifying
Transaction on the basis of approximately 3.2439938 (new) common
shares of the Company for each 1 Wishpond share.
Additional Information
The Qualifying Transaction is not a "Non-Arm's Length
Transaction" (as defined in the Policies of the TSXV), and as such
shareholder approval is not required for the Qualifying Transaction
under the Policies of the TSXV.
Trading in the common shares of the Company is presently halted
and will remain halted until completion of the Qualifying
Transaction.
Completion of the Qualifying Transaction is subject to a number
of conditions and there can be no assurance that the Qualifying
Transaction will be completed as proposed or at all.
For further information, please refer to the Filing Statement
posted to the Company's issuer profile on SEDAR at
www.sedar.com, as well as the press releases of the
Company dated July 27, 2020, September 14, 2020 and October 15, 2020.
About Wishpond Technologies Ltd.
Wishpond is a provider of marketing focused online business
solutions based out of British
Columbia. Wishpond offers an "all-in-one" marketing suite
that provides companies with marketing, promotion, lead generation
and sales conversion capabilities. Wishpond replaces entire
marketing functions in an easy to use platform, for a fraction of
the cost. Wishpond serves over 2,000 customers who are primarily
small-to-medium size businesses (SMBs) in a wide variety of
industries.
Wishpond's vision is to become the leading provider of digital
marketing solutions that empower entrepreneurs to achieve success
online, regardless of their industry or size. Wishpond has
developed cutting edge marketing technology solutions and continues
to add new features and applications with great velocity. In
addition to offering specific lead generation tools, Wishpond also
provides advanced marketing applications integrated and managed
from a centralized platform.
Wishpond employs a subscription-based SaaS (Software as a
Service) model where customers subscribe to the company's software
and services through annual or monthly recurring plans.
Substantially all of the company's revenue is subscription based
recurring revenue which provides excellent revenue and cash flow
visibility.
About Antera Ventures I Corp.
Antera is a capital pool company created pursuant to the
policies of the TSXV. It does not own any assets, other than cash
or cash equivalents and its rights under the Definitive Agreement.
The principal business of Antera is to identify and evaluate
opportunities for the acquisition of an interest in assets or
businesses and, once identified and evaluated, to negotiate an
acquisition or participation subject to acceptance by the TSXV so
as to complete a qualifying transaction in accordance with the
policies of the TSXV.
Completion of the Qualifying Transaction is subject to a
number of conditions, including TSXV acceptance. There can be no
assurance that the Qualifying Transaction will be completed as
proposed or at all. Investors are cautioned that, except as
disclosed in the filing statement to be prepared in connection with
the Qualifying Transaction, any information released or received
with respect to the Qualifying Transaction may not be accurate or
complete and should not be relied upon. Trading in the securities
of the Company should be considered highly speculative.
The TSXV has in no way passed upon the merits of the
Qualifying Transaction and has neither approved nor disapproved the
contents of this press release. Neither the TSXV nor its Regulation
Services Provider (as that term is defined in policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this
release.
This news release may include forward-looking statements that
are subject to risks and uncertainties. All statements within,
other than statements of historical fact, are to be considered
forward looking. Generally, forward-looking information can
frequently, but not always, be identified by use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or statements that certain
actions, events, conditions or results "will", "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved" or
the negative connotations thereof. All statements other than
statements of historical fact may be forward-looking statements.
Forward looking-information in this news release includes, but is
not limited to, statements with respect to the completion of the
Qualifying Transaction and the transactions related therein,
satisfaction of the conditions to the closing of the Qualifying
Transaction, the anticipated closing date of the Qualifying
Transaction, the resumption of the trading of the common shares of
the Company, the issuance of common shares of the Company in
exchange for shares of Wishpond, and the receipt of all applicable
regulatory approval in a timely manner or at all. Such
forward-looking information is subject to risks and uncertainties
that may cause actual results, performance and developments to
differ materially from those contemplated by the forward-looking
information, such as the risk that the conditions to closing of the
Qualifying Transaction will not be satisfied in a timely manner or
at all, that the Company will not be able to complete the
Qualifying Transaction, and that the Company will not receive all
applicable regulatory approvals in a timely manner or at all.
Although the Company has attempted to identify important factors
that would cause actual results to differ materially from those
contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated, or
intended. Except as required by law, the Company expressly
disclaims any obligation and does not intend, to update any
forward-looking information in this news release. Although the
Company believes that the expectations reflected in the
forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct and makes
no reference to profitability based on sales reported. We do not
assume any obligation to update any forward-looking statements
except as required under the applicable laws. The statements in
this news release are made as of the date of this release.
SOURCE Antera Ventures I Corp.
