CALGARY, AB, June 21, 2022 /CNW/ - Katipult Technology Corp. (TSXV: FUND) ("Katipult" or the "Corporation"), a leading Fintech provider of software for powering the exchange of capital in equity and debt markets, announced today that Sprott Capital Partners has chosen to use Katipult DealFlow to modernize its processes around financings. Sprott Capital Partners LP ("SCP"), a division of Sprott Inc. was formed in 2017 to provide a comprehensive suite of capital raising and advisory solutions to natural resources companies. In a short period of time, SCP has become a trusted partner to corporate and institutional clients by leading and completing a number of financings and M&A advisory mandates. Leveraging its deep sector expertise, longstanding relationships and best-in-class execution capabilities, SCP is uniquely positioned to deliver successful financial and strategic outcomes to its clients.

Katipult Technology Corp. logo (CNW Group/Katipult Technology Corp.)

"At Sprott Capital Partners, financings are an important and growing part of our business. Our standing in the industry means we are frequently the dealer of choice for the natural resources space. As such, it is crucial that we modernize our processes to improve efficiency and create a better experience for both investors and issuers. We're confident that Katipult DealFlow – which has been specifically designed for managing deal workflow and is already widely used in the Canadian IIROC dealer community – will allow us to achieve this," says Lisa Edwards, Chief Operating Officer and Chief Compliance Officer of Sprott Capital Partners.

Katipult DealFlow is an industry-leading solution that functions as the operating system for investment capital. DealFlow simplifies and personalizes the signing experience for investors by creating an intelligent digital subdoc from the legal agreement prepared by issuer counsel, eliminating 85 percent of not-in-good-order documents. This speeds up the entire deal's process flow while saving internal resources on the part of compliance teams, equity capital management teams, and investment advisors. It also leads to a superior experience on the part of investors, with issuers also being able to secure their capital quicker.

"We are pleased to welcome Sprott Capital Partners into the expanding community of financial companies using DealFlow to bring their processes into the digital era. DealFlow is used by firms like Canaccord Genuity, Raymond James, Echelon Wealth Partners, Cormark Securities, and TSX Trust. Sprott Capital Partners makes an excellent addition to our customer portfolio," says Gord Breese, Katipult CEO.

About Katipult
Katipult (www.katipult.com) is a provider of industry leading and award-winning software infrastructure for powering the exchange of capital in equity and debt markets. Our cloud-based solution and solutions digitize investment workflow by eliminating transaction redundancy, strengthening compliance, delighting investors, and accelerating deal flow. Katipult provides unparalleled adaptability for regulatory compliance, asset structure, business model, and localization requirements.

Regarding Forward Looking Statements: Certain disclosure in this release, including statements regarding the streamlining and automation of internal processes at Sprott Capital Partners and the growth of Katipult's portfolio of investment banks constitute forward-looking statements. In making the forward-looking statements in this release, the Corporation has applied certain factors and assumptions that are based on the Corporation's current beliefs as well as assumptions made by and information currently available to the Corporation, including, but not limited to, the Corporation's product will continue to operate as expected, and the industry will continue to see value in the Corporation's product. Although the Corporation considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors may include, among others, failure to manage growth and product implementation successfully, lengthier than anticipated sales and implementation cycle, cyber risks, risks related to cloud based solutions, failure to continue to adapt to technological change and new product development, dependence on key personnel, competition, intellectual property risks, economic conditions, privacy concerns and legislation, regulatory environment, risk associated with a change in the Corporation's pricing model, risk of defects in the Corporation's solution, dependence on market growth, operational service risk, dependence on partners and delay or failure to realize anticipated benefits of key account installations. Readers are cautioned, especially in these uncertain times, not to place undue reliance on forward-looking statements. The Corporation does not intend to, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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.

SOURCE Katipult Technology Corp.

Copyright 2022 Canada NewsWire

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