SuperBuzz News
2 articles
growth-positive
SuperBuzz Announces Automatic Conversion of Special Warrants, Debt Settlement, Extension of Loan Agreement and Early Warning Disclosure
SuperBuzz Inc. has successfully completed a non-brokered private placement financing, raising C$706,554.06 through the issuance of special warrants. Each warrant was exchanged for units consisting of common shares and purchase warrants. The company also settled C$150,000 of debt by issuing common shares to Yoel Yogev, the Chairman and a director. Additionally, SuperBuzzs subsidiary, Message Notify Ltd., extended a loan maturity date to December 31, 2026, with a principal amount of US$755,742 and an interest rate of 13% per annum. The loan repayment is contingent on certain conditions, including revenue generation and default events.
Investment
growth-positive
SuperBuzz Inc. (formerly, Cross Border Capital I Inc.) completes Qualifying Transaction with Message Notify Ltd. d/b/a SuperBuzz
On July 7, 2022, SuperBuzz Inc. completed its acquisition of Israeli company Message Notify Ltd., making it a wholly owned subsidiary. SuperBuzz offers a real-time marketing automation platform that enhances customer engagement through dynamic push notifications. The platform utilizes an AI-optimized bidding algorithm and fraud detection to ensure effective message delivery. The acquisition is expected to bolster SuperBuzzs capabilities in providing personalized marketing solutions. Legal advice for the transaction was provided by Jason A. Saltzman and Luis Cousin of Gowling WLG.
Acquisition
