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Voxtur Analytics Corp. (OTCQB: ILATF) reported a 37% year-over-year revenue growth for fiscal year 2020, totaling $20.5 million compared to $14.9 million in 2019. The firm underwent significant changes, including the acquisition of Apex Software and a letter of intent for further acquisitions. Additionally, the company enhanced its financial stability through an oversubscribed private placement and strengthened ties with the Bank of Montreal. Despite the challenges posed by the Covid-19 pandemic, Voxtur aims for continued growth by leveraging innovative technologies.
iLOOKABOUT Corp. has successfully closed the acquisition of Voxtur Technologies, Bright Line Title, and certain assets from James E. Albertelli, enhancing its real estate analytics offerings. The company will be rebranded as Voxtur Analytics Corp. and will commence trading under the new ticker VXTR on February 5, 2021. Additionally, iLOOKABOUT secured a $23.5 million credit facility to support this acquisition. The integration aims to improve efficiency in real estate transactions and expand its product suite while leveraging proprietary data and analytics.
iLOOKABOUT Corp. (OTCQB: ILATF) has successfully closed its acquisition of assets from Apex Software, enhancing its position in the real estate technology sector. The transaction was supported by an expansion of credit facilities with Bank of Montreal by $4 million. The financing will support the acquisition, strategic initiatives, and operational needs. Term loans structured with varying repayment schedules will aid in financial flexibility. The company aims to leverage this acquisition to boost market share and expand offerings in data analytics for real estate valuation.
On September 25, 2020, iLOOKABOUT Corp. (OTCQB: ILATF) held its Annual & Special Meeting of Shareholders in London, Ontario. Shareholders approved several key motions, including:
- The election of nine directors for a one-year term.
- Re-appointment of KPMG LLP as the auditor with remuneration authorization.
- Re-approval of the Stock Option Plan.
- A special resolution to change the company name to ILA Corp., pending regulatory approval.
Additionally, 422,843 Deferred Share Units were credited to directors as per the approved plan.
iLOOKABOUT Corp. (OTCQB: ILATF) has completed a non-brokered private placement, raising approximately $8 million in two tranches. Tranche A consisted of 46,648,200 units at $0.15 each, yielding $6,997,230, while Tranche B included 4,262,760 units at $0.23, totaling $980,434. Proceeds from Tranche A will fund the acquisition of Starcap Marketing, while Tranche B will support strategic initiatives and working capital. The units will have a four-month hold period and have received conditional acceptance from the TSX Venture Exchange.
