reports
Ackroo Completes Sale to Paystone
Ackroo Completes Sale to Paystone Ackroo Completes Go Private Transaction with Paystone by way of Arrangement HAMILTON, Ontario, April 01, 2025 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company” or “Ackroo”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, is pleased to announce that it has completed its previously announced statutory plan of arrangement with Paystone Inc. (“Paystone”) (please see news release dated December 13, 2024), pursuant to which Paystone, through its wholly owned subsidiary, Atom Growth Inc. (“...
Ackroo Obtains Final Court Order
Ackroo Obtains Final Court Order Ackroo receives final order from the Ontario Superior Court of Justice approving the Arrangement HAMILTON, Ontario, March 04, 2025 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company” or “Ackroo”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, is pleased to announce that on March 3, 2025, the Ontario Superior Court of Justice (Commercial List) granted a final order in respect of the proposed arrangement with Paystone Inc. (“Paystone”) pursuant to section 192 of the Canada Business Corpor...
Ackroo Announces Voting Results From Annual and Special Meeting of Sha...
Ackroo Announces Voting Results From Annual and Special Meeting of Shareholders Shareholders vote to approve the sale of Ackroo to Paystone HAMILTON, Ontario, Feb. 25, 2025 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company” or “Ackroo”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, is pleased to announce the results of its annual general and special meeting (the “Meeting”) of shareholders of the Company (the “Shareholders”) held yesterday February 24, 2025. The Shareholders approved the annual general matters as well...
Ackroo Provides Update on Voting Process for Meeting
Ackroo Provides Update on Voting Process for Meeting Certain shareholders to be excluded from voting for minority approval in accordance with MI 61-101 HAMILTON, Ontario, Feb. 18, 2025 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company” or “Ackroo”) provides an update on the calculation of the requisite minority approval of the statutory plan of arrangement pursuant to section 192 of the Canada Business Corporations Act (the “Arrangement”) at its upcoming annual general and special meeting of shareholders scheduled to be held on February 24, 2025 (the “Meeting”). The Company ha...
Ackroo to Hold Annual and Special Meeting for the Sale of Ackroo to Pa...
Ackroo to Hold Annual and Special Meeting for the Sale of Ackroo to Paystone on February 24, 2025 Ackroo confirms meeting date, Paystone financing, change to outside date and files meeting materials HAMILTON, Ontario, Feb. 03, 2025 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company” or “Ackroo”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, is pleased to announce its annual general and special meeting (the “Meeting”) for the shareholders of the Company (the “Shareholders”) to consider and approve the sale of Ackroo to...
Ackroo Announces Sale to Paystone
Ackroo Announces Sale to Paystone Paystone to acquire Ackroo in an all-cash transaction valued at $21 million HAMILTON, Ontario, Dec. 13, 2024 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company” or “Ackroo”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, announces that it has signed a definitive arrangement agreement (the “Arrangement Agreement”), dated December 12th, 2024, with Paystone Inc. (“Paystone”). Pursuant to the Arrangement Agreement, Paystone will acquire (the “Transaction”) all of the issued and outstanding...
Ackroo Releases Q3 2024 Financial Results
Ackroo Releases Q3 2024 Financial Results Ackroo delivers 35% YoY EBITDA growth representing 34% of total revenues HAMILTON, Ontario, Oct. 23, 2024 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, has filed its financial results for the period ended September 30, 2024. The results for the period ended September 30th,2024 reflect a 1% increase in recurring revenues and a 4% decrease in total revenues over the same period in 2023. The Company delivered a 35% increase in ...
Ackroo Announces Re-structuring of BDC loan
Ackroo Announces Re-structuring of BDC loan Ackroo agrees to 12-month payment plan for BDC loan HAMILTON, Ontario, Aug. 13, 2024 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, is pleased to report they have re-structured their loan with BDC Capital (“BDC”). The current loan consists of: $4,000,000 (of which Ackroo has paid back $1,000,000 to date)Bears a floating interest rate of BDC Capital’s base rate (which is currently 9.3%) plus a Variance of 1.7% per year.In...
Ackroo Releases Q2 2024 Financial Results
Ackroo Releases Q2 2024 Financial Results Ackroo delivers 113% YoY EBITDA growth representing 32% of total revenues HAMILTON, Ontario, July 19, 2024 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, has filed its financial results for the period ended June 30, 2024. The Company is pleased to report quarterly revenues of $1,633,238 which includes $1,461,199 of recurring subscription revenue. The results represent a 1% increase in total revenue and a 4% increase in rec...
Ackroo Confirms Commencement Date for Normal Course Issuer Bid
Ackroo Confirms Commencement Date for Normal Course Issuer Bid HAMILTON, Ontario, July 02, 2024 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, announces that it has received approval from the TSX Venture Exchange (the “TSXV”) to proceed with its Normal Course Issuer Bid (“NCIB”) previously announced on June 17th, 2024. The NCIB will allow the Company to continue to purchase outstanding common shares of the Company (“Shares”). Under the NCIB, the Company may acquire up...
Ackroo Announces Renewal of Normal Course Issuer Bid
Ackroo Announces Renewal of Normal Course Issuer Bid HAMILTON, Ontario, June 17, 2024 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, announces that it has filed a renewal of its Normal Course Issuer Bid (“NCIB”) with the TSX Venture Exchange (the “TSXV”), which will allow the Company to continue to purchase outstanding common shares of the Company (“Shares”). The renewal of the NCIB remains subject to the approval of the TSXV. The Company plans to implement the NCIB b...
Ackroo Releases Q1 2024 Financial Results
Ackroo Releases Q1 2024 Financial Results Ackroo delivers 12% YoY adjusted EBITDA growth HAMILTON, Ontario, May 23, 2024 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, has filed its financial results for the period ended March 31, 2024. The Company is pleased to report quarterly revenues of $1,547,417, recurring subscription revenue of $1,425,369, and adjusted EBITDA of $505,705. The total and subscription revenues declined by 15% and 12% respectively year over year ...
Ackroo Announces 2023 Audited Financial Results
Ackroo Announces 2023 Audited Financial Results Ackroo achieves 11% YoY revenue and 23% YoY adjusted EBITDA growth HAMILTON, Ontario, April 30, 2024 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, is pleased to report audited annual revenues of $6,977,597 for the year ended December 31st, 2023 including $6,086,981 of annual recurring revenue. This represents an 11% increase in total revenue and a 14% increase in recurring revenue over the same period in 2022. The Comp...
Ackroo Looks to Appoint Chief Financial Officer
Ackroo Looks to Appoint Chief Financial Officer Ackroo to commence review of potential candidates to fill vacancy HAMILTON, Ontario, April 26, 2024 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, announces that it intends to commence a review of potential candidates for appointment as Chief Financial Officer of the Company. The position is currently vacant with duties fulfilled on an interim basis by Steve Levely, the Chief Executive Officer of the Company. The polic...
UPDATE - Ackroo Provides Update on Recent Acquisition
UPDATE - Ackroo Provides Update on Recent Acquisition Ackroo sees continued progress from Simpliconnect acquisition HAMILTON, Ontario, March 05, 2024 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, is pleased to provide an update on their recent acquisition of Simpliconnect. On January 1st 2023, Ackroo acquired all of the assets related to Simpliconnect, a US based loyalty marketing provider focused on the convenience and petroleum merchant segment. The Company wishes...
Ackroo Provides Update on Recent Acquisition
Ackroo Provides Update on Recent Acquisition Ackroo sees continued progress from Simpliconnect acquisition HAMILTON, Ontario, March 04, 2024 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, is pleased to provide an update on their recent acquisition of Simpliconnect. On January 1st 2024, Ackroo acquired all of the assets related to Simpliconnect, a US based loyalty marketing provider focused on the convenience and petroleum merchant segment. The Company wishes to provi...
Ackroo Announces 2023 Unaudited Revenue Results
Ackroo Announces 2023 Unaudited Revenue Results Ackroo achieves 11% YoY recurring revenue growth and 9% YoY total revenue growth HAMILTON, Ontario, Jan. 26, 2024 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, is pleased to report unaudited annual revenues of $6,825,670 for the year ended December 31st, 2023 including $5,935,055 of annual recurring revenue. This represents a 9% increase in total revenue and an 11% increase in recurring revenue over the same period in ...
Ackroo Announces Results of 2023 Annual General Meeting
Ackroo Announces Results of 2023 Annual General Meeting Ackroo Shareholders Approve all Matters Presented at the AGM HAMILTON, Ontario, Dec. 12, 2023 (GLOBE NEWSWIRE) -- (TSX-V: AKR, OTC: AKRFF) (“Ackroo” or the “Company”), a loyalty marketing, payments and point-of-sale technology and services provider, announces that all of the nominees proposed as directors and listed in the Company’s management proxy circular for 2023 were elected as directors at the Company’s annual general meeting held virtually and in person on December 7th, 2023. Shareholders also approved the re-appointment o...
Ackroo Announces Completion of 2023 Normal Course Issuer Bid
Ackroo Announces Completion of 2023 Normal Course Issuer Bid HAMILTON, Ontario, Dec. 07, 2023 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company”), a loyalty marketing, payments and point-of-sale technology and services provider, is pleased to announce the successful Company of it’s 2023 Normal Course Issuer Bid (“NCIB”) that commenced on June 16th, 2023. The Company has completed buying and cancelling all 6,068,681 shares available through the NCIB paying an average of $0.08692 per share for a total of $527,469 invested. The Company also paid Canaccord Genuity Corp. $11,150 in f...
Ackroo Completes Acquisition of GiftFly’s eGift Card Business
Ackroo Completes Acquisition of GiftFly’s eGift Card Business Ackroo closes their third U.S. based acquisition and their thirteenth to date HAMILTON, Ontario, Dec. 01, 2023 (GLOBE NEWSWIRE) -- (TSX-V: AKR; OTC: AKRFF) (the “Company”), a loyalty marketing, payments and point-of-sale technology and services provider, through its' wholly-owned subsidiary Ackroo U.S. Inc., is pleased to announce that it has completed the acquisition of the GiftFly business from GiftFly LLC (the “Vendor”). GiftFly is an international payments company based in the U.S. with an eGift card product for small to...
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