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Perk Labs Inc., a company that specializes in ordering and payment technology, recently announced two new private placements of units and convertible debentures. In addition, the Company announced the resignation of Jonathan Hoyles, Chief Legal Officer and Director.
Perk Labs is proposing a non-brokered private placement of up to 6,250,000 units (“Units”) at a price of $0.016 per Unit for gross proceeds of up to $100,000. Each Unit will consist of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”) that will allow the holder to purchase one additional Common Share at a price of $0.05 per share for a period of 24 months from the closing. Similarly, the convertible debentures will be offered on varying terms and will be convertible into common shares of Perk Labs at a conversion price of $0.05 per share. The private placement is expected to close on or before August 24, 2023.
The Company announced the resignation of Jonathan Hoyles, Chief Legal Officer and Director, effective July 13, 2023. Jonathan has decided to pursue another opportunity, and his departure from Perk Labs is amicable. Perk Labs expressed gratitude for Jonathan’s contributions during his tenure and wishes him success in his future endeavors.
Ryan Hardy, CEO of Perk Labs, stated “Jonathan has played an integral role in the evolution of Perk Labs’, including his invaluable contributions to the successful merger with Getit Technologies, and we sincerely appreciate his dedication and significant impact.”
Perk Labs specializes in technology, logistics, and connecting communities. Their digital payments and loyalty software allows merchants to optimize their business and customer journey. The Company intends to use the net proceeds from the private placements for general working capital purposes, accounts payable, and employee salaries.
The private placements are subject to customary closing conditions set forth in the respective agreements including, but not limited to, the receipt of all necessary approvals. In addition, all securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day following the Closing.
Perk Labs remains committed to their strategic vision and will focus on delivering innovative ordering and payment solutions for enterprise clients and driving value for their stakeholders. The Company is currently in the process of evaluating potential candidates to fill the vacancies on the board of directors