Highmark Interactive Inc. (“
Highmark” or the
“
Company”) is pleased to announce approval for
trading on the TSX Venture Exchange (“
TSXV”) under
the symbol HMRK on November 17th, 2021. The listing follows the
closing of the Company’s previously announced qualifying
transaction, consisting of the acquisition of all of the issued and
outstanding securities in the capital of Highmark Innovations Inc.
as well as the concurrent closing of the acquisitions of Complex
Injury Rehab Inc. and Highmark Health Mississauga.
By fusing proprietary, digital clinical decision
support technology with virtual and traditional models of health
service, Highmark is committed to delivering better outcomes for
people struggling with their brain or mental health.
Dr. Sanjeev Sharma, CEO of Highmark, noted, “The
closing of our qualifying transaction and listing on the TSXV marks
a major milestone for our company. We look forward to providing
next generation technology leadership through our proprietary
platforms. Our AI based engine will generate digital biomarkers
which will enable new models of care to be deployed, including
predictive analytics for enhanced remote physiologic and
therapeutic monitoring. As we continue to execute on our strategy,
we look forward to driving shareholder value through ongoing
industry disruption.”
Investor Relations Arrangements
Concurrently with completion of the Qualifying
Transaction, the Company has entered into agreements with Adelaide
Capital Markets Inc. (“Adelaide”) and Stockhouse
Publishing Inc. (“Stockhouse”) to conduct and
provide certain investor relations activities and services on
behalf of the company.
Adelaide is a full-service investor relations
firm based in Toronto, Ontario that provides companies with
investor relations activities, including assisting public and
private companies in the communication of corporate activities and
stakeholder outreach. The agreement with Adelaide is for an initial
six-month term, which can be extended upon agreement between the
parties, for which the Company agreed to pay Adelaide a total of
$60,000 in six equal monthly instalments of $10,000. Adelaide is
expected to provide services to the Company including meeting and
communicating with analysts, institutional and professional
investors, and retail brokers for the purposes of increasing
awareness of, and interest in, the Company; (b) introducing the
Company to and liaise on behalf of the Company with writers for and
publishers of relevant subscriber-based publications, including
newspapers, magazines, business publications and financial
publications; (c) developing and advising the Company with respect
to its communication materials and strategy; and (d) advising the
Corporation generally with respect to corporate development.
Adelaide is at arm’s-length to the Company and was founded by
Deborah Honig. As of the date hereof, Adelaide does not have any
interest, directly or indirectly, in the Company or its securities,
or any right to acquire such an interest.
The Client Services Agreement with Stockhouse
provides that Stockhouse will provide the Corporation with access
to all of Stockhouse’s publishing products and services for a
six-month term for a fee of $40,000.
The Corporation will work with Stockhouse to
optimize and plan its program to use the services. The Corporation
will have access to over 30 different marketing tools focused on
editorial, brand and news amplification on Surge to potentially
increase the Corporation’s reach and investor base.
Stockhouse is a leading financial media company
and financial portal that serves public companies, financial
institutions, media publishers, and brand advertisers with one of
the largest communities of active investors in North America. It
provides financial news, tools and information that enable its
investor community to uncover and share opportunities on high
growth investment sectors, market trends, small cap stocks and
more. Stockhouse members have access to a wide range of products
and tools including portfolio managers, subscription-based expert
newsletters, Stockhouse Bullboards, blogs and social networking
tools to help navigate their investment options. Stockhouse is one
of North America’s largest small-cap investor communities.
The investors’ relations activities described
above are subject to TSXV approval and the Company will satisfy
fees from available funds and cash from operations.
About Highmark Interactive
Highmark Interactive was created to change the paradigm of
testing and management for brain and mental health. Highmark’s
approach is focused on providing real-time data to health providers
to support proactive, preventative interventions and targeted care
planning to improve health outcomes.
In addition to a growing network of virtual,
in-person and hybrid clinics, Highmark Interactive offers the
world’s first gamified, FDA cleared patient-led assessments as well
as digital clinician-led assessments of neurofunction. Together,
the technology is used in >300 multidisciplinary rehabilitation
clinics globally.
Highmark Interactive’s unique solution is revolutionizing how
individuals experience brain and mental health care, as well as
unlocking insight for precision medicine and creating a modern
model for delivering mental health and neuro rehab services.Learn
more: https://www.highmark.tech/
For further information:
Highmark Interactive Inc.Investor Relationsir@highmark.tech
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.
This news release does not constitute an offer
to sell or the solicitation of an offer to buy any securities in
any jurisdiction.
Cautionary Note Regarding
Forward-Looking Information
This News Release contains forward-looking
statements that relate to the current expectations and views of
future events of the Corporation.
In some cases, but not necessarily in all cases,
forward-looking information can be identified by the use of
forward-looking terminology such as “plans”, “targets”, “expects”
or “does not expect”, “is expected”, “an opportunity exists”, “is
positioned”, “estimates”, “intends”, “assumes”, “anticipates” or
“does not anticipate” or “believes”, or variations of such words
and phrases or state that certain actions, events or results “may”,
“could”, “would”, “might”, “will” or “will be taken”, “occur” or
“be achieved”. In addition, any statements that refer to
expectations, predictions, indications, projections or other
characterizations of future events or circumstances contain
forward-looking information. Statements containing forward-looking
information are not historical facts but instead represent
management’s expectations, estimates and projections regarding
future events.
Forward-looking statements in this Filing
Statement include, among other things, statements relating to the
expected trading date of the Common Shares on TSXV, potential
synergies arising from the acquisitions of Complex Injury and
Highmark Health, and the Company’s business generally. These
statements and other forward-looking information are based on
opinions, assumptions and estimates made by the Corporation in
light of its experience and perception of historical trends,
current conditions and expected future developments, as well as
other factors that Highmark believes are appropriate and reasonable
in the circumstances, as of the date of this Filing Statement,
including, without limitation, assumptions that TSXV will grant
final acceptance of the Qualifying Transaction and commence trading
in accordance with communicated intentions, and certain assumptions
about the Corporation’s business identified in the filing
statement.
There can be no assurance that such estimates
and assumptions will prove to be correct. In addition, if any of
the assumptions or estimates made by management prove to be
incorrect, actual results and developments are likely to differ,
and may differ materially, from those expressed or implied by the
forward-looking information contained herein. Accordingly,
prospective investors are cautioned not to place undue reliance on
such information. Although the Corporation believes the assumptions
underlying the statements related to the Corporation are
reasonable, they may prove to be incorrect. Given these risks,
uncertainties and assumptions, and the risks identified in the
filing statement, investors should not place undue reliance on
these forward-looking statements.
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