LGQ Flow Capital

Flow Capital Announces the Buyout of Its Investment in Spiridon Technologies Ltd

Flow Capital Announces the Buyout of Its Investment in Spiridon Technologies Ltd

TORONTO, April 08, 2021 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV: FW) (“Flow Capital” or the “Company”) announces that Spiridon Technologies Ltd. (“Spiridon”) has agreed to a buyout of Flow Capital’s royalty investment for US$425,000 in cash proceeds. This represents a cash-on-cash return of approximately 1.7x over 24 months.

“The team at Spiridon is bringing together a number of relevant technologies and is building a strong business. Flow Capital is glad to have been a part of their growth, and we wish them well in their next phase,” said Alex Baluta, CEO Flow Capital.

About Flow Capital

Flow Capital Corp. is a diversified alternative asset investor, specializing in providing minimally dilutive capital to high-growth businesses. To apply for financing, visit .

For further information, please contact:

Flow Capital Corp.

Alex Baluta

Chief Executive Officer

1 Adelaide Street East, Suite 3002,

PO Box 171,

Toronto, Ontario M5C 2V9



EN
08/04/2021

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