#Canada #Vancouver #Wishpond Technologies #SalesCloser AI #G2M Cap Corp

G2M Cap Corp Announces Strategic Transaction with SalesCloser AI

G2M Cap Corp. (TSXV: GTM) has recently made an exciting announcement regarding a significant development in its business strategy. In a collaborative effort with Wishpond Technologies Ltd. (TSXV: WISH) and a subsidiary known as 1560320 B.C. Ltd. (SalesCloser), G2M has entered into a non-binding letter of intent (LOI) aimed at facilitating a major transaction that will reshape the landscape of artificial intelligence in sales.

Overview of the Transaction

On November 4, 2025, the companies formalized the LOI, which outlines plans for SalesCloser to be spun out into a separate publicly listed entity. This strategic move comes as both G2M and Wishpond aim to concentrate on expanding their unique offerings. As part of the transaction, G2M intends to fully acquire the existing securities of SalesCloser and conduct a reverse takeover.

Expected upon the completion of this transaction is the allocation of approximately 68% of the newly formed public company's shares to Wishpond. G2M hopes to see this spin-out positively impact both its corporate structure and market positioning, paving the way for pronounced growth and innovation.

SalesCloser: A Leader in AI Sales Solutions

SalesCloser operates an innovative AI-driven platform designed to enhance sales processes through advanced conversational AI. Effectively acting as a virtual sales agent, the platform can automate personalized sales calls and follow-ups in real time while being multilingual. With its substantial growth trajectory, SalesCloser recently reported an impressive annual recurring revenue (ARR) exceeding $1.7 million, marking significant advancement relative to previous periods.

The technology and infrastructure underlying SalesCloser positions it uniquely within the AI sales sector, allowing businesses to streamline operations, reduce costs associated with hiring, and significantly increase conversion rates. This expansion of AI technology adoption further solidifies its status within the competitive market landscape.

Statements from Leadership

Ali Tajskandar, the CEO of both Wishpond and SalesCloser, expressed enthusiasm about the potential for both companies following this transaction. He pointed out that spinning off SalesCloser would not only unlock significant shareholder value but also allow both entities to focus on what they each do best. The move is anticipated to strengthen cash flow and reduce resource competition, enabling targeted investments towards advancing marketing technologies that leverage artificial intelligence.

“This spin-out clearly outlines a strategy that fosters growth and accelerates innovation for both companies. SalesCloser is well on its way to becoming a dominant force in AI sales solutions, and Wishpond will boil down its efforts to enhance the core marketing technology features,” Tajskandar remarked.

Practical Implications and Next Steps

The transaction remains subject to negotiations regarding a definitive agreement and requires approval from the TSX Venture Exchange (TSXV). This represents a critical point for G2M as it aims to establish its qualifying transaction per TSXV Policy 2.4, which necessitates specific regulatory and shareholder approvals.

Furthermore, G2M is planning to consolidate its common shares in preparation for the transaction, alongside a series of financing activities designed to support operational and developmental priorities. SalesCloser's plans include a bridge financing initiative aimed at raising up to $1.5 million to fund its continued growth.

As G2M prepares to transition to its new structure and name—SalesCloser Technologies Inc.—shareholders and market stakeholders remain tuned in to the evolving dynamics of this transaction. The expected completion date is around January 30, 2026, given the fulfillment of all requirements.

With this strategic movement, G2M Cap Corp., Wishpond Technologies, and SalesCloser are setting themselves up for an enhanced market presence and increased innovation in the competitive field of AI sales technology.

Conclusion

This announcement marks a turning point for G2M and its stakeholders. With a keen focus on AI-driven sales solutions, the upcoming changes promise to redefine corporate identities and operational strategies. As the companies embrace this new chapter, the market will be watching closely for the pending developments that will stem from this bold strategic decision.

For more information about G2M, Wishpond, and SalesCloser, visit their respective websites or stay tuned for further updates in their ongoing corporate narratives.