Saasquatch files filing statement for Jasper QT

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2022-02-14 20:51 ET – News Release

Mr. Warwick Smith reports

SAASQUATCH FILES FILING STATEMENT AND OBTAINS CONDITIONAL APPROVAL FOR QUALIFYING TRANSACTION WITH JASPER INTERACTIVE

The exchange has conditionally approved the proposed business combination between Saasquatch Capital Corp. and Jasper Interactive Studios Inc. previously announced in the company’s press releases dated Sept. 16, 2021, Oct. 7, 2021, and Oct. 21, 2021. The proposed transaction remains subject to the final approval of the exchange and satisfaction of closing conditions customary for transactions of this nature. The company, upon and subject to completion of the transaction, will continue under the name Jasper Commerce Inc. and trade on the exchange under the symbol JPIM. The proposed transaction is expected to close on or about Feb. 16, 2022.

The company has filed a filing statement today that is dated effective Feb. 11, 2022, with the exchange and on Saasquatch’s SEDAR profile. Additional information in respect of the proposed transaction, Saasquatch and Jasper can be found in the filing statement.

In accordance with the policies of the exchange, the company’s common shares are currently halted from trading and will remain so until such time as required by exchange policies.

About Saasquatch Capital Corp.

Saasquatch is designated as a capital pool company under exchange Policy 2.4. Saasquatch has not commenced commercial operations and has no assets other than cash. The company’s objective is to identify and evaluate businesses or assets with a view to completing a qualifying transaction. Any proposed qualifying transaction must be approved by the exchange and, in the case of a non-arm’s-length qualifying transaction, must also receive majority approval of the minority shareholders. Until the completion of a qualifying transaction, the company will not carry on any business other than the identification and evaluation of businesses or assets with a view to completing a proposed qualifying transaction.

As of the date hereof, the company has 13 million Saasquatch common shares issued and outstanding (two million of which are subject to escrow restrictions), and an aggregate of 200,000 Saasquatch common shares are reserved for issuance upon the exercise of agent options.

We seek Safe Harbor.

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