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Flow Capital Announces A Follow-On Investment In Echobox

Flow Capital Announces A Follow-On Investment In Echobox

05/09/22, 7:15 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgtoronto
Flow Capital Corp. (TSXV:FW) (“Flow Capital”) announces that is has closed a third tranche investment in Echobox Ltd. (“Echobox”).

Company Info

Company
Echobox
Location
toronto, ontario, canada
Additional Info
Key assumptions include, but are not limited to: assumptions that the Canadian and U.S. economies relevant to the Company’s investment focus will remain relatively stable over the next 12 to 24 months; that interest rates will not increase dramatically over the next 12 to 24 months; that the Company’s existing investees will continue to make royalty payments to the Company as and when required; that the businesses of the Company’s investees will not experience material negative results; that the Company will continue to grow its portfolio in a manner similar to what has already been established; that tax rates and tax laws will not change significantly in Canada and the U.S.; that more small to medium private and public companies will continue to require access to alternative sources of capital; that the Company will have the ability to raise required equity and/or debt financing on acceptable terms; and that the Company will have sufficient free cash flow to pay dividends. The Company has also assumed that access to the capital markets will remain relatively stable, that the capital markets will perform with normal levels of volatility and that the Canadian dollar will not have a high amount of volatility relative to the U.S. dollar. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward- looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. “Echobox has a proven product-market fit that is enabling traditional publishers to thrive in the digital social age. Echobox is a leading AI platform providing machine learning-based automation solutions to the global publishing industry.