Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Jasper Commerce Inc. Capital/Financing Update 2021

Aug 12, 2021

48130_rns_2021-08-12_72bda23f-8055-489a-a3da-576b974c9527.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

Form 51–102F3 MATERIAL CHANGE REPORT

Item 1. Name and Address of Company

SaaSquatch Capital Corp. (“ Company ” or “ SaaSquatch ”) c/o Suite 1500 – 1055 West Georgia Street Vancouver, BC V6E 4N7

Item 2. Date of Material Change

August 11, 2021

Item 3. News Release

The news release announcing the material change was disseminated on August 11, 2021. The news release was also subsequently filed on SEDAR at www.sedar.com.

Item 4. Summary of Material Change

The Company completed its initial public offering of 2,000,000 common shares in the capital of the Company at $0.10 per share for gross proceeds of $200,000 pursuant to a prospectus dated August 3, 2021 filed with the British Columbia, Alberta and Ontario Securities Commissions.

Item 5. Full Description of Material Change 5.1 Full Description of Material Change

The Company completed its initial public offering of 2,000,000 common shares in the capital of the Company (the “ Shares ”) at $0.10 per Share for gross proceeds of $200,000 (the “ Offering ”) pursuant to a prospectus dated August 3, 2021 (the “ Prospectus ”) filed with the British Columbia, Alberta and Ontario Securities Commissions. The Company’s Shares are expected to commence trading as a Capital Pool Company on Tier 2 of the TSX Venture Exchange (the “ TSXV ”) on August 13, 2021 under the symbol SAAS.P.

Echelon Wealth Partners Inc. (the “ Agent ”) acted as agent for the Offering. Pursuant to the Offering, the Company compensated the Agent as follows: (1) $20,000 cash commission, (2) $15,000 corporate finance fee, and (3) options to purchase up to 200,000 Shares of the Company (the “ Agent’s Options ”) at a price of $0.10 per Share exercisable for a period of 60 months from the date the Shares are listed on the TSXV (the “ Listing Date ”).

As of the date hereof, the Company has 13,000,000 Shares issued and outstanding (2,000,000 of which are subject to escrow restrictions) and an aggregate of 200,000 Shares are reserved for issuance upon the exercise of the Agent’s Options.

LEGAL_36907216.1

  • 2 -

5.2 Disclosure for Restructuring Transactions

Not applicable

Item 6. Reliance on subsection 7.1(2) of National Instrument 51–102 Not applicable Item 7. Omitted Information None Item 8. Executive Officers Warwick Smith Chief Executive Officer SaaSquatch Capital Corp. Tel. 604.250.1737 Item 9. Date of Report August 12, 2021

LEGAL_36907216.1