TORONTO, Nov. 26, 2021 /CNW/ - Sabio Holdings
Inc. (formerly Spirit Banner II Capital Corp.) (TSXV:
SBIO) ("Sabio" or the "Company") is pleased to
announce that it has engaged the services of Generation IACP Inc.
("Generation") to provide services as a market maker in
compliance with the policies and guidelines of the TSX Venture
Exchange and other applicable legislation. Generation will
receive a fee of C$7,500 plus applicable taxes per
month. The agreement between the Company and Generation is
for an initial term of six (6) months and shall be automatically
renewed for subsequent six (6) month periods (collectively, the
"Term") unless the Company provides written notice of
termination to Generation at least 30 days prior to the end of the
Term or Generation provides a written notice of termination to the
Company. Commencing on the first anniversary of the
agreement, the fee payable to Generation will automatically
increase annually by 3.0%. No stock options or other compensation
are being granted in connection with the
engagement. Generation does not currently own any securities
of the Company; however, Generation and its clients may acquire an
interest in the securities of the Company in the future.
Generation is an arm's length party to the Company.
Generation's market making activity will be primarily to correct
temporary imbalances in the supply and demand of the Company's
shares. Generation 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 securities for the market making activities.
About Generation IACP Inc.
Generation is based in Toronto,
Ontario, and is an independently held and registered broker
and member of the Investment Industry Regulatory Organization of
Canada, the TSX-V, the Canadian
Securities Exchange, and the NEO Exchange, and is a Participating
Organization, as such term is defined in the rules and policies of
the Toronto Stock Exchange.
About Sabio Holdings Inc.
Sabio provides a CTV platform that is powered by mobile data,
providing leading brands with the perfect balance between media,
data and technology. Sabio's unique approach to combining mobile
data, device location and consumer behaviors aims to provide brands
with more effective targeting and greater prediction accuracy for
their mobile and connected TV ad campaigns. Sabio's team of
experienced marketers, engineers and data scientists are
passionately innovative in everything they do, from developing
Sabio's proprietary audience platform and ad server to creating and
delivering stunning ads on connected TVs and mobile devices.
For more information, visit: sabio.inc
Forward-Looking Statements
This press release may contain certain forward-looking
information and statements ("forward-looking information") within
the meaning of applicable Canadian securities legislation, that are
not based on historical fact, including without limitation
statements containing the words "believes", "anticipates", "plans",
"intends", "will", "should", "expects", "continue", "estimate",
"forecasts" and other similar expressions. Readers are
cautioned to not place undue reliance on forward-looking
information. Actual results and developments may differ materially
from those contemplated by these statements. The Company undertakes
no obligation to comment on analyses, expectations or statements
made by third-parties in respect of the Company, its securities, or
financial or operating results (as applicable). Although the
Company believes that the expectations reflected in forward-looking
information in this press release are reasonable, such
forward-looking information has been based on expectations, factors
and assumptions concerning future events which may prove to be
inaccurate and are subject to numerous risks and uncertainties,
certain of which are beyond the Company's control, including the
risk factors discussed in the Filing Statement which are
incorporated herein by reference and are available through SEDAR
at www.sedar.com. The forward-looking
information contained in this press release are expressly qualified
by this cautionary statement and are made as of the date hereof.
The Company disclaims any intention and has no obligation or
responsibility, except as required by law, to update or revise any
forward-looking information, whether as a result of new
information, future events or
otherwise.
Neither the TSX Venture Exchange nor its Regulation
Service 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 Sabio Holdings Inc.