REGINA, SK, Sept. 14, 2021 /CNW/ - Input Capital Corp.
("Input" or the "Company) (TSXV: INP) (US: INPCF) is pleased to
announce that it intends to change its name from "Input Capital
Corp." to "SSC Security Services Corp." (the "Name Change")
and to consolidate its common shares on basis of one (1)
post-consolidation common share for three (3) pre-consolidation
common shares (the "Share Consolidation"). The Company
currently has 60,864,855 common shares issued and outstanding.
Following the Share Consolidation, the Company will have
approximately 20,288,285 common shares issued and outstanding prior
to rounding for fractional shares. Completion of the Share
Consolidation and Name Change are subject to approval by the TSX
Venture Exchange (the "TSXV").
Upon completion of the Share Consolidation and Name Change, a
letter of transmittal will be sent by mail to registered
shareholders advising that the Share Consolidation and Name Change
have taken effect. The letter of transmittal will contain
instructions on how registered shareholders can exchange their
share certificates or Direct Registration System (DRS) statements
evidencing their pre-consolidated common shares for new share
certificates or new DRS statements representing the number of
post-consolidated common shares to which they are entitled. No
action is required by non-registered shareholders (shareholders who
hold their shares through an intermediary) to effect the Share
Consolidation and Name Change. Non-registered shareholders should
consult with their broker for further information.
The Company's common shares are expected to begin trading on the
TSXV on a post-Share Consolidation basis after the TSXV issues its
final bulletin advising of the effective date.
The Share Consolidation and Name Change was approved by the
shareholders of the Company on August 9,
2021 and subsequently by the board of directors of the
Company on September 13, 2021.
For further information on the Name Change and Share Consolidation,
please refer to the Company's information circular dated
June 25, 2021, available on SEDAR at
www.sedar.com.
On August 17, 2021, the Company
announced a cash dividend of $0.01 per common share for
the quarter ending September 30, 2021. The dividend is
payable on October 15, 2021 to shareholders of record
on September 30, 2021. Subject to approval of the
TSXV, the Name Change and Share Consolidation will occur on or
after October 1, 2021, thereby not
impacting the declaration and payment of the Company's September 30th dividend. The
Company plans to maintain its dividend at the current level once
the Share Consolidation becomes effective, resulting in a quarterly
dividend of $0.03 per
post-consolidation common share ($0.12 annualized).
ABOUT INPUT
Input was founded as an agriculture commodity streaming company
providing several flexible and competitive forms of financing which
help western Canadian farmers solve working capital, mortgage
finance and canola marketing challenges and improve the financial
position of their farms. On February 1,
2021, Input acquired SRG Security Resource Group Inc. as a
platform for growth in the cyber and physical security business in
Canada. For more
information, please visit www.inputcapital.com.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
Forward Looking Statements
This release includes forward-looking statements regarding
Input and its business. Such statements are based on the current
expectations and views of future events of Input's management. In
some cases the forward-looking statements can be identified by
words or phrases such as "may", "will", "expect", "plan",
"anticipate", "intend", "potential", "estimate", "believe" or the
negative of these terms, or other similar expressions intended to
identify forward-looking statements. The forward-looking events and
circumstances discussed in this release may not occur and could
differ materially as a result of known and unknown risk factors and
uncertainties affecting Input, including risks regarding the
agricultural industry, economic factors and the equity markets
generally and many other factors beyond the control of Input. No
forward-looking statement can be guaranteed. Forward-looking
statements and information by their nature are based on assumptions
and involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or industry results, to be materially different from
any future results, performance or achievements expressed or
implied by such forward-looking statement or information.
Accordingly, readers should not place undue reliance on any
forward-looking statements or information. Except as required by
applicable securities laws, forward-looking statements speak only
as of the date on which they are made and Input undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events,
or otherwise.
SOURCE Input Capital Corp.