Economy of Sydney

GetSwift Technologies Limited Announces Implementation of Scheme of Arrangement and Listing on NEO

Wednesday, January 13, 2021 - 2:15pm

New York, New York--(Newsfile Corp. - January 13, 2021) - GetSwift Technologies Limited (NEO: GSW) ("GetSwift" or the "Corporation") is pleased to announce that the scheme of arrangement between GetSwift Limited, an Australian public company listed on the Australian Securities Exchange ("GSW") (ASX: GSW) and its shareholders under Part 5.1 of the Australian Corporations Act 2001 (Cth) (the "Arrangement") has been implemented.

Key Points: 
  • New York, New York--(Newsfile Corp. - January 13, 2021) - GetSwift Technologies Limited (NEO: GSW) ("GetSwift" or the "Corporation") is pleased to announce that the scheme of arrangement between GetSwift Limited, an Australian public company listed on the Australian Securities Exchange ("GSW") (ASX: GSW) and its shareholders under Part 5.1 of the Australian Corporations Act 2001 (Cth) (the "Arrangement") has been implemented.
  • In addition, in connection with the implementation of the Arrangement, the one preferred share in the capital of the Corporation, being the only security of the Corporation issued and outstanding prior to implementation of the Arrangement, was repurchased and cancelled by the Corporation.
  • In connection with the implementation of the Arrangement, the Common Shares have been listed and are posted for trading on the NEO Exchange Inc. (the "NEO") under the symbol "GSW" as of the open of trading on January 13, 2021.
  • GSW is headquartered in New York and is listed on the Australian Securities Exchange (ASX: GSW).

Zip Closes $100 Million in Debt Funding From Victory Park Capital

Monday, November 2, 2020 - 2:00pm

Zip Co Limited, a leading player in the digital retail finance and payments industry, announced today it has closed a A$100 million debt funding agreement with Victory Park Capital (VPC), a leading global alternative investment firm.

Key Points: 
  • Zip Co Limited, a leading player in the digital retail finance and payments industry, announced today it has closed a A$100 million debt funding agreement with Victory Park Capital (VPC), a leading global alternative investment firm.
  • We look forward to continuing our partnership with Zip and seeing the success that comes with the launch of Zip Business.
  • ASX-listed Zip Co Limited (Z1P: ASX) or (Zip) is a leading player in the digital retail finance and payments industry.
  • Victory Park Capital invests in emerging and established businesses across various industries in the U.S. and abroad, who are often unable to access traditional sources of capital.

GetSwift Notes ASIC’s Refusal to Comply with Australian Freedom of Information Request

Tuesday, September 15, 2020 - 12:10am

GetSwift Limited (ASX: GSW) (GetSwift or the Company), a leading business and logistics optimization technology company, noted that Australian Securities and Investments Commission (ASIC) refused to comply with a freedom of information request seeking disclosure of the total costs associated with its approximately 18-month legal proceedings against the Company.

Key Points: 
  • GetSwift Limited (ASX: GSW) (GetSwift or the Company), a leading business and logistics optimization technology company, noted that Australian Securities and Investments Commission (ASIC) refused to comply with a freedom of information request seeking disclosure of the total costs associated with its approximately 18-month legal proceedings against the Company.
  • GetSwift made the request under the Freedom of Information Act 1982 in mid-August, whereupon ASIC actually compiled the information into a document containing all relevant costs through the end of July.
  • This is the third time ASIC has refused a freedom of information request regarding legal expenses in the case against GetSwift and related investigations.
  • GetSwift is headquartered in Denver, Colorado and is listed on the Australian Securities Exchange (ASX:GSW).