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Tiny Ltd. — Capital/Financing Update 2024
Mar 8, 2024
47831_rns_2024-03-07_cca8ce3b-2822-470b-9146-0808be6ca379.pdf
Capital/Financing Update
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Tiny Appoints Market Maker
Victoria, Bri+sh Columbia - March 7, 2024 - Tiny Ltd. (“ Tiny ” or the “ Company ”) (TSXV: TINY), is pleased to announce that it has retained ICP Securi+es Inc. (" ICP ") to provide market making services in accordance with the policies and guidelines of the TSX Venture Exchange (the “ TSX-V ”) and all applicable legisla+on. ICP will assist in maintaining ac+ve and orderly trading in the market for Tiny’s securi+es on the TSX-V.
In considera+on of the services provided by ICP, the Company will pay ICP a monthly cash fee of C$7,500 (plus applicable taxes) per month, payable monthly in advance. The agreement between the Company and ICP is for an Ini8al Term of four (4) months and shall be automa+cally renewed for subsequent one (1) month terms (each month called an " Addi8onal Term ") unless either party provides at least thirty (30) days wriZen no+ce prior to the end of the Ini+al Term or any Addi+onal Term, as applicable. There are no performance factors contained in the agreement and no stock op+ons or other compensa+on securi+es are being granted in connec+on with the engagement.
ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securi+es for the market making ac+vi+es.
About Tiny Ltd.
Tiny is a leading technology holding company with a strategy of acquiring majority stakes in wonderful businesses. Tiny has three core business segments, Beam, WeCommerce and Dribbble, with other standalone businesses including a private equity investment fund.
Beam, and its subsidiary companies including MetaLab, helps start-ups to Fortune 500 companies to design, build and ship premium digital products for both mobile and web. The Company's capabili+es as an end-to-end product partner provide clients with in+mate insight into end-user behavior, allowing for a thorough, strategy-led approach to product design, engineering, brand posi+oning and marke+ng.
WeCommerce provides merchants with a suite of ecommerce sobware tools to start and grow their online store. Our family of companies and brands include Pixel Union, Out of the Sandbox, Archetype, Foursixty, Stamped, KnoCommerce, Clean Canvas and Orbit Apps. As one of Shopify's first partners since 2010, WeCommerce is focused on building, acquiring and inves+ng in leading technology businesses opera+ng in the Shopify partner ecosystem.
Dribbble is a crea+ve network and community that design professionals use to meet, collaborate, and showcase their work. Dribbble also hosts an online marketplace for graphics, fonts, templates, and other digital assets.
Other standalone businesses include several sobware and internet companies and the opera+on of a private equity fund where the Company controls the general partner (the "Tiny Fund"). The Tiny Fund commenced opera+ons in August 2020 and has total commiZed capital of US$150 million. For more about Tiny, please visit hZps://www.+ny.com or refer to the public disclosure documents available under Tiny's SEDAR+ profile at www.sedarplus.ca.
For more informa+on about the Company, please contact:
David Charron Chief Financial Officer Phone: 416-418-3881 Email: david@+ny.com
Cau$onary Note Regarding Forward-Looking Informa$on
This press release contains statements which cons1tute "forward-looking statements" and "forward-looking informa1on" within the meaning of applicable securi1es laws (collec1vely, " forward-looking statements "), including statements regarding the plans, inten1ons, beliefs and current expecta1ons of the Company with respect to future business ac1vi1es and opera1ng performance. Forward-looking statements are oCen iden1fied by the words "may", "would", "could", "should", "will", "intend", "plan", "an1cipate", "believe", "es1mate", "expect" or similar expressions and forward-looking statements in this press release include, but are not limited to, informa1on and statements regarding the ability of ICP to maintain ac1ve and orderly trading in the market for the Company’s securi1es.
Company's expecta1ons, es1mates or projec1ons concerning future results or events based on the opinions, assump1ons and es1mates of management considered reasonable at the date the statements are made. Although the Company believes that the expecta1ons reflected in such forward-looking statements are reasonable, such statements involve risks and uncertain1es, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Financial outlooks, as with forward-looking informa1on generally, are, without limita1on, based on the assump1ons and subject to various risks as set out herein.
statements include the other risk factors more fully described in the Company's most recent MD&A as well as the list of risk factors in the Company's management informa1on circular dated March 6, 2023 available on SEDAR+ at hXps://www.sedarplus.ca under the Company's profile.
Should one or more of these risks or uncertain1es materialize, or should assump1ons underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, an1cipated, believed, es1mated or expected. Although the Company has aXempted to iden1fy important risks, uncertain1es and factors which could cause actual results to differ materially, there may be others that cause results
not to be as an1cipated, es1mated or intended and such changes could be material. The Company does not intend, and does not assume any obliga1on, to update the forward-looking statements except as otherwise required by applicable law.
responsibility for the adequacy or accuracy of this release.