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Perk Labs (CSE:PERK) announces end of ATM equity program and divestiture of shares

Consumer, Technology
CSE:PERK
14 July 2022 10:30 (EDT)

Perk Labs (PERK) has ended its at-the-market equity program (ATM Program).

Previously, this allowed the company to issue and sell common shares in the capital of the company from the treasury to the public.

In total, the company raised gross proceeds of $3,241,596 through the ATM Program since announcing the program on July 29, 2020.

The company announced today that it recently divested 2,539,000 shares of Hero Innovation Group Inc. (formerly Euro Asia Pay Holdings Inc.) for gross proceeds of $203,120 to add to its cash position.

PERK holds a remaining balance of 5,100,000 shares in Hero Innovation Group Inc.

Perk Labs is the owner of Perk Hero – the digital franchise company helping businesses transition to the digital economy.

Perk Hero provides restaurateurs with friendly and reliable digital ordering, payment and loyalty tools to help them survive and thrive in a difficult economic environment and is growing through a unique community-driven digital franchise business that is available to entrepreneurs at an attractive start-up price.

Perk Labs Inc. (PERK) commenced trading on July 14, 2022, at C$0.025.

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