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DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO
THE UNITED STATES/
VANCOUVER, BC, Feb. 14,
2023 /CNW/ - Jasper Commerce Inc. (TSXV: JPIM)
("Jasper" or the "Company"), a leading provider of
Product Information Management ("PIM") solutions, announces
today amendments to the terms of a non-brokered private placement
of units of secured convertible debentures ("Debentures")
and common share purchase warrants previously announced on
January 26, 2023.
The nature of the amendment is that the conversion price of the
Debentures during the first year following issuance is $0.05 per common share and, thereafter, will be
$0.10 per common share. All other
terms remain the same.
This press release is not an offer to sell or the solicitation
of an offer to buy the securities in the
United States or in any jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to qualification or
registration under the securities laws of such jurisdiction. The
securities being offered have not been, nor will they be,
registered under the United States Securities Act of 1933, as
amended, and such securities may not be offered or sold within
the United States or to, or for
the account or benefit of, U.S. persons absent registration or an
applicable exemption from U.S. registration requirements and
applicable U.S. state securities laws.
About Jasper Commerce
Inc.
Jasper offers a Product Information Management ("PIM")
solution that has the objective of empowering eCommerce merchants
to manage and merchandise their products from a single source of
truth, facilitating them to sell more, sell faster and work
smarter. Jasper's PIM is accessible from anywhere via a web-browser
and is intended to simplify the process by which online merchants
import product data into the PIM. Once uploaded, merchants can add
various product data including product attributes, images, videos,
marketing information, inventory quantities and price books and
efficiently merchandise their products using various features that
include, among other things, the ability to adjust product
categorization, pricing data and other key metrics. Jasper's PIM
also allows for automatic syncing to popular eCommerce storefronts,
marketplaces, or other connected channels, whenever new products
are added to the PIM.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking
Statements
This news release contains projections and forward-looking
information that involve various risks and uncertainties regarding
future events. Such forward-looking information can include
statements based on current expectations involving several risks
and uncertainties without limitation and are not guarantees of the
Company's future performance. Actual results and future events
could differ materially from those anticipated in such information.
These statements are based upon the current expectations and
beliefs of management and are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. These risks
and uncertainties include, but are not limited to: the Company may
not receive conditional or final approval of the TSXV for the
Offering; the Offering may not close on or around the intended
date; the Offering may not proceed as planned; the Company may not
use the proceeds of the Offering as intended; the market for
product information management systems may not continue to grow as
expected; and the uncertainty surrounding the spread of COVID-19
and the impact it will have on the Company's operations and
economic activity in general; and the risks and uncertainties
discussed in the Company's most recent annual and quarterly reports
filed with the Canadian securities regulators and available on the
Company's profile on SEDAR at www.sedar.com, which risks and
uncertainties are incorporated herein by reference. Readers are
cautioned not to place undue reliance on forward-looking
statements. Except as required by law, the Company does not intend
and undertakes no obligation to update any forward-looking
statements to reflect, in particular, new information or future
events.
SOURCE Jasper Commerce, Inc.