FW

Flow Capital Announces a US$2 Million Follow-On Investment in MiniLuxe

Retrieved on: 
Wednesday, April 10, 2024
FW, Partnership, Growth, Security (finance)

TORONTO, ON, April 10, 2024 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) (“Flow Capital”), a leading provider of flexible growth capital and alternative debt solutions, announces a follow-on investment in an existing portfolio company, MiniLuxe Holding Corp. (TSXV:MNLX) (“MiniLuxe” or the “Company”).

Key Points: 
  • TORONTO, ON, April 10, 2024 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) (“Flow Capital”), a leading provider of flexible growth capital and alternative debt solutions, announces a follow-on investment in an existing portfolio company, MiniLuxe Holding Corp. (TSXV:MNLX) (“MiniLuxe” or the “Company”).
  • The additional capital infusion of US$2.0M will be used for working and growth capital.
  • Flow Capital continues to focus on helping high-growth companies achieve their objectives by providing fast access to growth capital.
  • Flow Capital invites growing technology companies, seeking covenant-light founder-friendly growth capital, to apply for funding directly on their website at www.flowcap.com/apply .

MINILUXE ANNOUNCES $2M OF NEW INVESTMENT FROM FLOW CAPITAL

Retrieved on: 
Tuesday, April 9, 2024
FW, TSX Venture Exchange, Growth, News, Regulation, CDN, Person

Boston, MA , April 09, 2024 (GLOBE NEWSWIRE) -- MiniLuxe Holding Corp. (TSXV:MNLX) (“MiniLuxe” or the “Company”) is pleased to announce that Flow Capital Corp. (TSXV:FW) (“Flow Capital”), a leading provider of flexible growth capital and alternative debt solutions, has completed a follow-on investment of $2.0M USD from its initial term debt investment of $2.5M USD in 2021. The refinancing benefits the Company with incremental capital in the form of a non-amortizing loan, allowing for flexible use of the capital and an extension of the maturity date of the initial debt investment by Flow Capital to 2027. As part of the transaction the Company will be issuing to Flow Capital warrants to purchase 1,692,308 Subordinate Voting Shares of the Company at a strike price of $0.52 USD (~$.71 CDN) per share for a period of three years from the date of issuance. The warrants are subject to a hold period of four months and one day from the issuance date in accordance with applicable securities laws. The refinancing was conditionally approved by the TSX Venture Exchange and remains subject to their final approval.

Key Points: 
  • Boston, MA , April 09, 2024 (GLOBE NEWSWIRE) -- MiniLuxe Holding Corp. (TSXV:MNLX) (“MiniLuxe” or the “Company”) is pleased to announce that Flow Capital Corp. (TSXV:FW) (“Flow Capital”), a leading provider of flexible growth capital and alternative debt solutions, has completed a follow-on investment of $2.0M USD from its initial term debt investment of $2.5M USD in 2021.
  • The refinancing benefits the Company with incremental capital in the form of a non-amortizing loan, allowing for flexible use of the capital and an extension of the maturity date of the initial debt investment by Flow Capital to 2027.
  • “This follow-on investment in MiniLuxe reflects our confidence in the Company’s leadership and meaningful recent progress including continued growth of its core studio business that is achieving industry-leading metrics” said Alex Baluta, Chief Executive Officer of Flow Capital.
  • This new investment complementing other recent funding activities gives us greater flexibility across our working capital and growth investment needs with a company favorable structure,” said Anthony Tjan, CEO of MiniLuxe.

Flow Capital Announces Additional $2.3 Million Tranche of Non-Convertible Debenture Transaction

Retrieved on: 
Friday, March 22, 2024
Creditor, FW, Loan, Investment

TORONTO, March 22, 2024 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) (“Flow Capital” and “Company”), a leading provider of flexible growth capital and alternative debt solutions, is pleased to announce that it has completed a tranche of its previously disclosed non-convertible loan transaction in the principal amount of $2.3 million (the “Loans”).

Key Points: 
  • TORONTO, March 22, 2024 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) (“Flow Capital” and “Company”), a leading provider of flexible growth capital and alternative debt solutions, is pleased to announce that it has completed a tranche of its previously disclosed non-convertible loan transaction in the principal amount of $2.3 million (the “Loans”).
  • The Loans will be evidenced by unsecured, non-convertible debentures (the “Debentures”) issued by the Company to the Lenders pursuant to the terms of a debenture indenture entered between the Company and Olympia Trust Company, as debenture trustee.
  • The net proceeds of the Loans will be used by the Company to fund investments and for general corporate purposes.

Flow Capital Announces a $2.15 Million Loan to a Fintech Company

Retrieved on: 
Monday, March 11, 2024
Software as a service, FW

TORONTO, March 11, 2024 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a leading provider of flexible growth capital and alternative debt solutions, is pleased to announce the successful closure of a C$2.15M senior note to a Canadian fintech SaaS company, with a first tranche advance of C$1.5M.

Key Points: 
  • TORONTO, March 11, 2024 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a leading provider of flexible growth capital and alternative debt solutions, is pleased to announce the successful closure of a C$2.15M senior note to a Canadian fintech SaaS company, with a first tranche advance of C$1.5M.
  • This injection of capital will help the company accelerate its efforts with international expansion, fortify its essential corporate infrastructure, and fuel overall company growth.
  • Flow Capital continues to focus on helping high growth SaaS companies achieve their objectives by providing fast access to growth capital.
  • Flow Capital invites growing technology companies, seeking covenant light founder-friendly growth capital, to apply for funding directly on their website at www.flowcap.com/apply .

Picus Security Is Named a Customers' Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Breach and Attack Simulation

Retrieved on: 
Wednesday, February 7, 2024
Intelligence, SAN, BAS, AI, DNA, AV, Interest, Security, Environment, Human voice, EDR, Organization, Risk management, Customer, Database, Voice of the customer, FW, Risk, WAF, Breach

SAN FRANCISCO, Feb. 6, 2024 /PRNewswire/ -- Picus Security, the Security Validation company, today announced it has been recognized by Gartner® Peer Insights™ as a Customers' Choice for 2024 in the Breach and Attack Simulation (BAS) Tools category. 63 verified customers of Picus Security contributed their reviews to Gartner Peer Insights, sharing their hands-on experiences as of November 2023. 95% of reviewers are willing to recommend Picus Security for BAS - the highest rating across all recognized vendors.

Key Points: 
  • SAN FRANCISCO, Feb. 6, 2024 /PRNewswire/ -- Picus Security, the Security Validation company, today announced it has been recognized by Gartner® Peer Insights™ as a Customers' Choice for 2024 in the Breach and Attack Simulation (BAS) Tools category.
  • With an overall Gartner Peer Insights rating of 4.8 out of 5.0, Picus Security was the highest rated vendor.
  • Picus Security reviews on Gartner Peer Insights include:
    "Picus is one of the best and most efficient products in the cyber security industry.
  • Read the Gartner Voice of Customer Report and learn why Picus Security has been named a Customers' Choice for Breach and Attack Simulation Tools in 2024.

Picus Security Is Named a Customers' Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Breach and Attack Simulation

Retrieved on: 
Wednesday, February 7, 2024
Intelligence, SAN, BAS, AI, DNA, AV, Interest, Security, Environment, Human voice, EDR, Organization, Risk management, Customer, Database, Voice of the customer, FW, Risk, WAF, Breach

SAN FRANCISCO, Feb. 6, 2024 /PRNewswire/ -- Picus Security, the Security Validation company, today announced it has been recognized by Gartner® Peer Insights™ as a Customers' Choice for 2024 in the Breach and Attack Simulation (BAS) Tools category. 63 verified customers of Picus Security contributed their reviews to Gartner Peer Insights, sharing their hands-on experiences as of November 2023. 95% of reviewers are willing to recommend Picus Security for BAS - the highest rating across all recognized vendors.

Key Points: 
  • SAN FRANCISCO, Feb. 6, 2024 /PRNewswire/ -- Picus Security, the Security Validation company, today announced it has been recognized by Gartner® Peer Insights™ as a Customers' Choice for 2024 in the Breach and Attack Simulation (BAS) Tools category.
  • With an overall Gartner Peer Insights rating of 4.8 out of 5.0, Picus Security was the highest rated vendor.
  • Picus Security reviews on Gartner Peer Insights include:
    "Picus is one of the best and most efficient products in the cyber security industry.
  • Read the Gartner Voice of Customer Report and learn why Picus Security has been named a Customers' Choice for Breach and Attack Simulation Tools in 2024.

Flow Capital Provides CrowdProperty with a $5.25 Million Loan

Retrieved on: 
Thursday, February 1, 2024
Growth, FW, Bank

TORONTO, ON, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a leading provider of flexible growth capital and alternative debt solutions, is pleased to announce the successful closure of a C$5.25M senior note in CrowdProperty Limited (“CrowdProperty”), a premier marketplace lending software platform company that bridges the gap between capital providers, including individuals and institutions, and real estate developers in the UK.

Key Points: 
  • TORONTO, ON, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a leading provider of flexible growth capital and alternative debt solutions, is pleased to announce the successful closure of a C$5.25M senior note in CrowdProperty Limited (“CrowdProperty”), a premier marketplace lending software platform company that bridges the gap between capital providers, including individuals and institutions, and real estate developers in the UK.
  • Over its 10-year operating history, CrowdProperty has gained industry-wide recognition for its cutting-edge platform that facilitates direct lending to residential development projects by empowering individuals and institutions to make informed decisions based on CrowdProperty’s transparent, efficient, and rigorous underwriting processes.
  • By doing so, CrowdProperty helped to significantly broaden the funding avenues available to small and medium-sized developers.
  • This capital infusion will help CrowdProperty accelerate its commercial activities, enhance the robustness of the technological infrastructure, and reinforce the foundation for sustained future growth.

PAC Machinery Enters Its First Flow Wrapper To Package With Paper Instead of Plastic for MHI’s Best New Innovative Sustainable Product Award at Leading Show for Supply Chain and Manufacturing

Retrieved on: 
Thursday, February 1, 2024
SAN, Candy, Congress Center, Environment, Recycling, Food, Machine, FW, MHI

PAC Machinery’s FW 650SI Flow Wrapper just debuted in October 2023, as PAC’s first flow wrapper to package with both poly and PAC’s new, innovative, Fiberflex® paper packaging material.

Key Points: 
  • PAC Machinery’s FW 650SI Flow Wrapper just debuted in October 2023, as PAC’s first flow wrapper to package with both poly and PAC’s new, innovative, Fiberflex® paper packaging material.
  • FW 650SI Flow Wrapper provides industries that flow wrap, with a complete plastic-free packaging system.
  • MHI is the largest material handling, logistics and supply chain association and producer of the MODEX show among several others.
  • Show attendees can visit PAC Machinery at exhibit #C4488 where top-selling automatic bagging solutions for fulfillment will be shown with other sustainable material options.

Flow Capital Announces Repayment of Echobox Investment

Retrieved on: 
Thursday, January 4, 2024
Growth, FW, Security (finance)

TORONTO, ON, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a leading provider of flexible growth capital and alternative debt solutions, announces the repayment of its US$6,000,000 (C$7,935,600) investment in Echobox Ltd. (“Echobox”).

Key Points: 
  • TORONTO, ON, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a leading provider of flexible growth capital and alternative debt solutions, announces the repayment of its US$6,000,000 (C$7,935,600) investment in Echobox Ltd. (“Echobox”).
  • “We were thrilled to be a partner with them on their growth journey and to provide them the capital needed to accelerate their growth,” said Alex Baluta, Chief Executive Officer of Flow Capital.
  • The capital returned from the Echobox investment will be reinvested into new opportunities, in pursuit of interest income and warrant based equity gains, creating more value for Flow Capital shareholders.” said Alex Baluta.
  • Flow Capital invites growing technology companies, seeking covenant light founder-friendly growth capital, to apply for funding directly on their website at www.flowcap.com/apply .

Flow Capital Announces Normal Course Issuer Bid For Common Shares

Retrieved on: 
Monday, November 20, 2023
FW, TSX Venture Exchange, Issuer, Acquisition, APP, Security (finance), Broker

TORONTO, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV: FW) (“Flow Capital” or the “Company”) announces today its intention to commence a normal course issuer bid through the facilities of the TSX Venture Exchange (the "TSXV") to repurchase, for cancellation, up to 2,440,774 common shares of the Company, representing approximately 10% of the Company's "public float", being the common shares of the Company held by non-insiders of the Company (the "NCIB").

Key Points: 
  • TORONTO, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV: FW) (“Flow Capital” or the “Company”) announces today its intention to commence a normal course issuer bid through the facilities of the TSX Venture Exchange (the "TSXV") to repurchase, for cancellation, up to 2,440,774 common shares of the Company, representing approximately 10% of the Company's "public float", being the common shares of the Company held by non-insiders of the Company (the "NCIB").
  • All common shares purchased by the Company under the NCIB will be cancelled.
  • The Company completed a normal course issuer bid on October 12, 2023, under which the Company purchased 1,946,500 common shares at an average price of $0.5562 per share, for an aggregate purchase price of $1,082,643.
  • A copy of the Form 5G - Notice of Intention to make a Normal Course Issuer Bid filed by the Company with the TSXV in respect of the NCIB can be obtained from the Company upon request without charge.