Ciscom Stock Price, News & Analysis

Prospect Media Group, a division of Ciscom Corp. (CSE: CISC) (OTCQB: CISCF), has announced the appointment of Karrie Werny as VP Media, effective March 24th, 2025. This strategic move marks the company's expansion into Western Canada and strengthens its data-driven media services.

Werny, who previously served as VP Business Solutions at Horizon Media, brings over 20 years of leadership experience and expertise across various verticals. Her appointment aims to enhance the company's ability to connect analytical insights with media activations and implement advanced data solutions to improve clients' Return on Ad Spend (ROAS).

The expansion of Prospect's physical presence into Western Canada will enable the company to provide more localized insights and solutions to clients across the country, leveraging Werny's experience in both Alberta and Ontario markets.

Ciscom Corp (CSE: CISC, OTCQB: CISCF), an ICT sector investment company specializing in AdTech and MarTech, has announced that a significant client representing 15.7% of its 2024 gross profit has filed for protection under the Companies' Creditors Arrangement Act (CCAA).

Despite this challenge, the company maintains good standing with its banking partners and emphasizes its commitment to financial management and governance standards. CEO Michel Pepin acknowledged the stress in the retail industry economic environment and potential trade disputes with the USA, stating that Ciscom continuously explores new revenue opportunities to offset changing revenue sources.

Paul Gaynor has increased his holdings in Ciscom Corp through a significant private placement transaction on December 23, 2024. The acquisition involved 3,375,000 units, each comprising one common share and one warrant. Following the transaction, Gaynor's total ownership increased from 21.6% to 29.2% of outstanding shares on a partially diluted basis. Of his total holdings, 16,734,575 shares, options, and warrants are held through Whittaker Inc, a company under his control. The transaction was part of a previously announced private placement from November 12.

Ciscom Corp (CSE: CISC, OTCQB: CISCF) has engaged Phoenix Corporate Finance to secure non-dilutive financing facilities to support its M&A activities in the ICT sector. The arrangement includes a $2.88 million senior term loan with a two-year term and a $10 million renewable acquisition financing facility with a one-year term. Both facilities require no principal repayment until maturity.

The company, which focuses on AdTech and MarTech investments, aims to leverage these lower-cost funding options while waiting for more favorable capital market conditions. Ciscom maintains good standing with its banking partners and continues to pursue its growth strategy through new acquisitions and operational excellence.

Paul Gaynor disclosed his holdings and transactions in Ciscom Corp. As of Ciscom's public listing on June 8, 2023, he held 11,056,333 shares and options, representing 21.4% ownership on a partially diluted basis. Through Whittaker Inc., his controlled company, he held 9,616,000 shares. On June 30, 2023, he acquired 100 additional shares on the CSE. Currently, Gaynor controls 11,616,868 shares and options (21.6% ownership), with 9,984,575 shares held through Whittaker Inc. He has committed to purchasing up to 3,375,000 units in Ciscom's private placement, each unit including one share and one warrant.

David Mathews has filed a late early warning report regarding his holdings in Ciscom Corp. Following Ciscom's public listing on June 8, 2023, Mathews held 7,633,889 shares (14.9% ownership), with 3,816,944 shares held by his spouse. On March 4, 2024, he received 150,000 stock options, and on March 13, 2024, he and his spouse acquired an additional 2,000,000 shares through an earn-out clause. Currently, Mathews controls 9,871,889 shares and options (18.4% ownership), with 4,816,944 shares held by his spouse. He has committed to purchasing up to 937,500 units in Ciscom's private placement financing.

Ciscom Corp reported strong financial results for Q3 2024, with revenue increasing by 20.6% to $25.9 million compared to $21.5 million in the same period last year. The company's gross profit rose by 13% to $4.7 million, while EBITDA significantly improved to $1.1 million, a 158% increase from 2023. Despite reporting a net loss of $0.3 million, this represents an $0.8 million improvement from the previous year. The company's cost reduction initiatives saved $0.6 million annually, and operations generated positive cash flows of $1.4 million in the first nine months of 2024.

Ciscom Corp. (CSE: CISC) (OTCQB: CISCF), an ICT investment company focusing on AdTech and MarTech, has announced key leadership changes. Michel Pepin, previously President & CFO, has been appointed President and Chief Executive Officer. Frank Linhart, formerly with Prospect Media Group (PMG), a Ciscom subsidiary, has been named Chief Financial Officer.

The Board expressed confidence in these promotions, viewing them as important for Ciscom's growth and shareholder value. Mr. Pepin, with Ciscom since its inception, will focus on the company's M&A mandate. Mr. Linhart will maintain his role as VP Finance and Administration at PMG alongside his new CFO duties.

As part of their new agreements, Ciscom issued 675,000 stock options to Pepin and Linhart, exercisable at $0.10 per share for five years. Additionally, Tracy Hughes has resigned from the Board of Directors to focus on her business, InvestorNews.com.

Ciscom Corp. (CSE: CISC) (OTCQB: CISCF), an ICT sector investment and management company, has signed an advisory agreement with MapleGrow Capital Inc. Under the terms, Ciscom will compensate MapleGrow with a monthly payment of $3,000 in cash and $1,500 in common shares, plus HST. The share price will be based on the 10-day volume-weighted average closing price on the Canadian Securities Exchange for the month of service. This agreement aims to provide Ciscom with general business advisory services, potentially supporting its growth and acquisition strategies in the ICT sector.