Sales Automation, Enablement & Intelligence

Flow Capital Announces an Investment in Prolifiq

Flow Capital

Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a leading provider of flexible growth capital and alternative debt solutions, announces that it has closed a US$1.75M investment in Prolifiq Software, Inc. (“Prolifiq”), a provider of sales enablement and account planning SaaS solutions built fully native to Salesforce. Several existing Prolifiq shareholders participated alongside Flow in this investment. Flow’s investment will help Prolifiq build upon its record level of ARR in Q3, and further ramp sales and marketing operations while continuing to develop its product portfolio.

Prolifiq’s account planning solutions are sales methodology agnostic and help to provide structure to complex sales processes. Prolifiq’s Crush enables better cross-organizational collaboration via company-owned account plans and its relationship mapping tool provides better data visualization to uncover white space and other opportunities across key accounts.

“Prolifiq has established itself as a leading account planning solution as rated by G2, boasting a portfolio of blue-chip clients across the healthcare, technology, manufacturing, and professional services sectors. We are pleased to be partnering with Prolifiq in its next stage of growth,” said Alex Baluta, Flow Capital’s CEO.

Flow Capital also announces that the Normal Course Issuer Bid (the “NCIB”) commences today, October 13, 2022, and will terminate upon the earliest of (i) the Company purchasing 2,598,100 common shares, (ii) the Company providing notice of termination of the NCIB, and (iii) October 12, 2023.

The Company has engaged Canaccord Genuity Corp. to act as its broker for the NCIB (the “Broker”). The NCIB will be made through the facilities of the TSXV and the purchase and payment for the common shares will be made from the Company’s existing working capital at the market price of the applicable securities at the time of acquisition, plus brokerage fees, if any, charged by the Broker. All common shares purchased by the Company under the NCIB will be cancelled.

A copy of the Form 5G – Notice of Intention to make a Normal Course Issuer Bid filed by the Company with the TSXV in respect of the NCIB can be obtained from the Company upon request without charge.

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