REGINA, SK, Sept. 29, 2021 /CNW/ - Input Capital Corp.
("Input" or the "Company) (TSXV: INP) (US: INPCF) is
pleased to announce effective Friday,
October 1, 2021 (the "Effective Date") the Company
will implement the previously announced name change from "Input
Capital Corp." to "SSC Security Services Corp." (the "Name
Change") and share consolidation on basis of one (1)
post-consolidation common share for three (3) pre-consolidation
common shares (the "Share Consolidation"). The Company has
received approval of the Name Change and Share Consolidation from
the TSX Venture Exchange (the "TSXV").
Following the Name Change and Share Consolidation, the common
shares are scheduled to begin trading on a post-consolidation basis
at market open on October 1, 2021
under the stock symbol "SECU". The new CUSIP number will be
85236T103 and the new ISIN number will be
CA85236T1030. Following the Share Consolidation, the Company
will have approximately 20,288,285 common shares issued and
outstanding prior to rounding for fractional shares.
No fractional shares shall be issued in connection with the
Share Consolidation. Any fractional share resulting from the Share
Consolidation will be rounded down to the nearest whole number and
any such fractional interest will be cancelled without
consideration.
Registered shareholders holding share certificates of Input will
be mailed a letter of transmittal from the Company's transfer
agent, TSX Trust Company, as soon as practicable after the
Effective Date advising of the Name Change and Share Consolidation
and instructing them to surrender and 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.
Non-registered shareholders holding common shares through an
intermediary (a securities broker, dealer, bank or financial
institution) should be aware that the intermediary may have
different procedures for processing the Share Consolidation than
those that will be put in place by the Company for registered
shareholders. If shareholders hold their common shares through
intermediaries and have questions in this regard, they are
encouraged to contact their intermediaries.
The exercise or conversion price of, and the number of common
shares issuable under, any convertible securities of the Company
will be proportionately adjusted upon the completion of the Share
Consolidation.
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. The Name Change and Share Consolidation
will not impact the declaration and payment of the Company's
September 30th dividend.
Once the Share Consolidation becomes effective, the Company
plans to maintain its dividend at the current level, adjusted for
the consolidation, resulting in a quarterly dividend of
$0.03 per post-consolidation common
share ($0.12 annualized) beginning
with the dividend payable to shareholders in January 2022.
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.