Global Compliance Applications Corp. Appoints Wasupit Wises as Director, Managing Director - Asia and Co-Chairman and Announces Private Placement
GCAC adds an Asia-focused co-chairman and plans a CAD$300,000 unit financing with attached warrants, both subject to exchange requirements.
Rhea-AI Summary
Global Compliance Applications Corp. (FUAPF) has appointed Wasupit (Peter) Wises as director, Managing Director - Asia and Co-Chairman, effective September 12, 2026, subject to Canadian Securities Exchange requirements.
His mandate covers regional business development, institutional relationships, strategic licensing, project origination and onboarding for GCAC’s compliance and blockchain infrastructure, including support for the Capital Trust Group digital bond accelerator initiative. Compensation is heavily performance-based: fixed consulting pay of US$1 per year plus entitlement to 50% of qualifying gross realized advisory and compliance fees from billable projects in his regional accelerator scope, and a contemplated equity incentive of up to 10% of outstanding shares tied to large project-onboarding milestones, with no securities granted in this release.
GCAC also plans a private placement of up to 60,000,000 units at $0.005 per unit to raise up to CAD$300,000, each unit comprising one share and a warrant exercisable at $0.05 for two years, subject to CSE approval and a four‑month‑plus‑one‑day hold period.
Positive
- Private placement financing of up to 60,000,000 units at $0.005 for gross proceeds up to CAD$300,000
- Attached warrants at $0.05 per share for two years may provide additional future capital if exercised
- Executive compensation fixed at US$1 per year, with emphasis on performance-based revenue sharing
Negative
- Equity financing of up to 60,000,000 new shares plus warrants implies potential shareholder dilution
- Contemplated equity incentive of up to 10% of outstanding shares for Mr. Wises could add future dilution if granted
- Financing and appointment terms remain subject to Canadian Securities Exchange approval and other regulatory requirements
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - September 17, 2026) - Global Compliance Applications Corp. (CSE: APP) (FSE: TK6) (OTC Pink: FUAPF) ("GCAC" or the "Company") announces the appointment of Mr. Wasupit Wises, commonly known as Peter Wises, to the Board of Directors of the Company and as Managing Director - Asia and Co-Chairman, effective September 12, 2026, subject to completion of applicable Canadian Securities Exchange ("CSE") requirements.
Mr. Wises is a Thai business executive and international strategic advisor focused on institutional relationships, cross-border business development and strategic project development throughout Asia-Pacific. In his executive capacity, Mr. Wises will work alongside GCAC Chief Executive Officer Ryan Gibson and the Board to support the Company's commercial expansion in Asia and related international markets.
REGIONAL MANDATE
As Managing Director - Asia, Mr. Wises' mandate will include regional business development, institutional relationships, strategic licensing, project origination and commercial onboarding. He is expected to support engagement with governments, financial institutions, institutional investors, issuers, technology partners and other strategic counterparties throughout Asia-Pacific.
As Co-Chairman, Mr. Wises will provide senior-level corporate representation for GCAC in Asia. The Co-Chairman designation does not alter Mr. Gibson's position as Chief Executive Officer of the Company.
Mr. Wises will also support GCAC's digital asset compliance and capital-markets initiatives, including the Company's role as Lead Blockchain Advisor and Compliance Auditor in connection with the Capital Trust Group Limited ("CTG") digital bond accelerator initiative. As previously contemplated in the Company's executive documentation, the CTG engagement relates to an accelerator platform designed to support a substantial pipeline of qualifying digital bond and capital-raising projects. The realization, timing and scale of any project onboarding remain subject to commercial execution, issuer participation, technical implementation and applicable regulatory requirements.
Mr. Wises' responsibilities are expected to include identifying and coordinating prospective institutional and capital-raising projects for potential integration with GCAC's technology infrastructure, including the Company's Efixii Ethereum Layer-2 blockchain-based compliance, auditing and data-verification technology.
COMPENSATION AND PERFORMANCE ALIGNMENT
In connection with his executive appointment, Mr. Wises and the Company have agreed to a performance-oriented compensation framework. His fixed consulting compensation is US
Subject to the definitive agreement, Board oversight and applicable requirements, Mr. Wises is entitled to
The parties have also contemplated a performance-based equity incentive of up to
The contemplated milestones relate to verified onboarding thresholds of 1,000,000, 5,000,000 and 10,000,000 qualifying projects. These figures are performance targets and potential platform-capacity objectives and should not be interpreted as forecasts, commitments, contracted customers or guaranteed future revenues.
MANAGEMENT COMMENTARY
Ryan Gibson, Chief Executive Officer of GCAC, commented:
"Peter's appointment is intended to strengthen GCAC's senior representation and operating capabilities throughout Asia. The combination of Managing Director - Asia and Co-Chairman gives him a clear mandate to develop institutional and government relationships while remaining directly engaged in commercial execution. His compensation structure is deliberately weighted toward measurable commercial performance and long-term value creation rather than fixed cash compensation."
Mr. Wasupit Wises commented:
"I am pleased to join GCAC as Managing Director - Asia, Co-Chairman and a member of the Board. My focus will be on developing institutional relationships, identifying credible projects and expanding the commercial application of GCAC's compliance and blockchain infrastructure throughout Asia. I look forward to working with Ryan and the Board as the Company develops its international strategy."
ABOUT WASUPIT WISES
Mr. Wasupit Wises, commonly known as Peter Wises, is a Thai business executive and international strategic advisor focused on institutional relationships, cross-border business development and strategic project development throughout Asia-Pacific. At GCAC, his mandate will encompass regional project origination, institutional partnerships, strategic licensing and coordination of qualifying projects for the Company's international compliance and financial technology ecosystem.
PRIVATE PLACEMENT FINANCING OF UNITS
GCAC is pleased to announce that it will proceed to a private placement financing of up to 60,000,000 Units @
Proceeds will be used to for general working capital in order to further the Company's goals and objectives,
The Private Placement transaction is subject to the approval of the Canadian Securities Exchange.
Upon closing, the Units will be subject to a statutory 4 month and one day hold period.
ABOUT GLOBAL COMPLIANCE APPLICATIONS CORP.
Global Compliance Applications Corp. is a technology company focused on compliance, onboarding, wallet technology and data-integrity solutions for regulated industries. Its Efixii technology utilizes Ethereum Layer-2 blockchain infrastructure to support data verification, compliance applications and scalable commercial use cases. The Company's strategy includes developing a regulated financial and compliance network connecting participants such as Money Services Businesses, Financial Service Providers and Virtual Asset Service Providers.
For more information regarding the Company, investors may review GCAC's public disclosure profile on SEDAR+ and the Canadian Securities Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
"Ryan Gibson"
Ryan Gibson
Chief Executive Officer and Director
Global Compliance Applications Corp.
Press & Corporate Inquiries:
Ryan Gibson, CEO
Global Compliance Applications Corp.
PO Box 43, Suite 830
1100 Melville Street
Vancouver, British Columbia, Canada V6E 4A6
Phone: +1-236-660-6765
Email: Ryan@gcac.tech
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking statements"). Forward-looking statements include, but are not limited to, statements concerning Mr. Wises' anticipated responsibilities and activities; GCAC's expansion in Asia-Pacific and other international markets; the development of institutional, governmental and commercial relationships; the Company's digital bond advisory and compliance activities; the CTG accelerator initiative; potential project onboarding; adoption and commercial use of the Company's Efixii technology; future advisory and compliance revenues; performance milestones; and the potential future grant or vesting of equity-based compensation.
Forward-looking statements are based on management's current expectations, assumptions and estimates as of the date of this news release and are subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied. Such risks and uncertainties include, among others, the ability of GCAC and its counterparties to implement proposed initiatives; the ability to identify, verify and onboard qualifying projects; third-party participation; regulatory developments affecting blockchain, digital assets, digital bonds and financial services; technical and commercial implementation risks; the Company's ability to generate revenues from contemplated activities; required corporate, shareholder, Exchange and regulatory approvals; market conditions; and the other risks disclosed in the Company's continuous disclosure filings.
References to potential project counts, onboarding capacity and performance milestones are targets or contemplated thresholds only and are not representations that such numbers of projects are presently contracted, active, revenue-generating or certain to be onboarded.
Although management believes the assumptions underlying the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance. Readers are cautioned not to place undue reliance on them. The Company undertakes no obligation to update or revise forward-looking statements except as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/314948
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What responsibilities will Wasupit (Peter) Wises have at GCAC in his new roles?
As Managing Director - Asia, Mr. Wises’ mandate includes regional business development, institutional relationships, strategic licensing, project origination and commercial onboarding across Asia-Pacific. As Co-Chairman, he will provide senior corporate representation for GCAC in Asia while supporting digital asset compliance and capital-markets initiatives, including identifying and coordinating institutional and capital-raising projects for potential integration with the company’s Efixii Ethereum Layer-2 compliance and data-verification technology.
How is Mr. Wises’ compensation structured and what performance elements are included?
Mr. Wises’ fixed consulting compensation is US$1.00 per year, with additional pay tied mainly to performance. Subject to a definitive agreement and oversight, he is entitled to 50% of qualifying gross realized advisory and compliance fees actually received by GCAC from billable projects attributable to his regional accelerator activities. A further performance-based equity incentive of up to 10% of GCAC’s issued and outstanding common shares is contemplated, linked to specified project-onboarding milestones, but no securities are granted in this announcement.
What project-onboarding milestones are associated with the contemplated equity incentive for Mr. Wises?
The contemplated equity incentive is tied to verified onboarding thresholds of 1,000,000, 5,000,000 and 10,000,000 qualifying projects. These figures are described as performance targets and potential platform-capacity objectives and are not forecasts, commitments, contracted customers or guarantees of future revenue.
What are the detailed terms of GCAC’s announced private placement units and warrants?
The private placement consists of up to 60,000,000 units at $0.005 per unit for gross proceeds of up to CAD$300,000. Each unit includes one common share and one common share purchase warrant. Each warrant is exercisable at $0.05 per share for two years from closing. Upon closing, the units will be subject to a statutory four-month and one day hold period.
What conditions must be satisfied before the private placement can close?
The private placement is subject to the approval of the Canadian Securities Exchange. Any related securities issuance must also comply with applicable securities laws and regulatory documentation requirements, and the units issued will carry a statutory four‑month‑plus‑one‑day hold period.
How does GCAC intend to use the proceeds from the private placement?
GCAC states that net proceeds from the private placement will be used for general working capital to further the company’s goals and objectives.