Points Announces Completion of Amalgamation
Points.com Inc. announced the successful amalgamation with its subsidiary Points.com Inc. as of January 1, 2022.
Sentiment and the balance of points
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Rhea-AI Summary
Points.com Inc. announced the successful amalgamation with its subsidiary Points.com Inc. as of January 1, 2022. This strategic move aims to optimize the corporate tax structure, while the company's trading symbols on the TSX and Nasdaq will remain unchanged. Points.com is a leader in loyalty commerce, supporting a network of nearly 60 reward programs worldwide since its inception in 2000. The amalgamated entity operates under the name Points.com Inc.
Positive
- Amalgamation completed to optimize corporate tax structure.
- Trading symbols on TSX and Nasdaq remain unchanged.
Negative
- None.
Details
News Market Reaction – PCOM
The recorded move for PCOM in the trading session of this news was -0.19%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Points.com Inc., formerly Points International Ltd., (TSX: PTS) (Nasdaq: PCOM) (“Points”), the global leader in powering loyalty commerce, is pleased to announce that it has completed the amalgamation with its wholly-owned subsidiary Points.com Inc. effective January 1, 2022. The amalgamated entity continued under the name “Points.com Inc.” and its trading symbols on the TSX and Nasdaq will remain unchanged. The amalgamation was undertaken in order to optimize Points’ corporate tax structure.
About Points
Points, (TSX: PTS) (Nasdaq: PCOM) is a trusted partner to the world’s leading loyalty programs, leveraging its unique Loyalty Commerce Platform to build, power, and grow a network of ways members can get and use their favourite loyalty currency. Our platform combines insights, technology, and resources to make the movement of loyalty currency simpler and more intelligent for nearly 60 reward programs worldwide. Founded in 2000, Points is headquartered in Toronto with teams operating around the globe.
For more information, visit Points.com.
Investor Relations Contact
Cody Slach and Jackie Keshner
Gateway Investor Relations
1-949-574-3860
IR@points.com
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