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Wishpond Technologies ( (TSE:WISH) ) has provided an update.
G2M Cap Corp., Wishpond Technologies and SalesCloser Technologies have signed a definitive master agreement under which Wishpond’s rapidly growing SalesCloser business will be spun out and combined with G2M through a reverse takeover to create a new publicly listed company on the TSX Venture Exchange, with Wishpond expected to retain about 68% ownership. The move is aimed at unlocking shareholder value and sharpening strategic focus: Wishpond plans to concentrate on enhancing its core AI marketing platform and improving cash flow, while SalesCloser, as a standalone public entity, is expected to gain better access to capital, resources and dedicated leadership to accelerate product development and market adoption in the conversational AI sales space, reinforcing both firms’ positions in the AI-driven sales and marketing ecosystem.
The most recent analyst rating on (TSE:WISH) stock is a Hold with a C$0.15 price target. To see the full list of analyst forecasts on Wishpond Technologies stock, see the TSE:WISH Stock Forecast page.
Spark’s Take on TSE:WISH Stock
According to Spark, TipRanks’ AI Analyst, TSE:WISH is a Neutral.
Wishpond Technologies faces significant financial challenges with declining revenues and profitability issues, which are the most impactful factors on the score. Technical analysis shows mixed signals, while valuation metrics highlight risks due to negative earnings. The absence of earnings call data and corporate events limits further insights.
To see Spark’s full report on TSE:WISH stock, click here.
More about Wishpond Technologies
Wishpond Technologies is a Vancouver-based provider of AI-powered marketing technology platforms, offering tools that help businesses automate and optimize marketing and sales campaigns. Its subsidiary SalesCloser operates an advanced conversational AI platform that serves as a virtual sales agent, delivering real-time, multilingual sales calls, demos and follow-ups to help companies scale sales operations, cut hiring costs and improve conversion rates, with more than $1.8 million in annual recurring revenue and high gross margins.
Average Trading Volume: 42,231
Technical Sentiment Signal: Sell
Current Market Cap: C$8.24M
Learn more about WISH stock on TipRanks’ Stock Analysis page.