Welcome to our dedicated page for Wishpond Technol news (Ticker: WPNDF), a resource for investors and traders seeking the latest updates and insights on Wishpond Technol stock.
Wishpond Technologies Ltd. reports developments tied to its AI-enabled marketing-focused online business solutions, product portfolio, and public-company capital structure. Recurring news includes operating and financial results, material agreements, shareholder voting matters, governance changes, and balance-sheet actions.
Company updates also cover completed portfolio changes, including the sale of the Viral Loops referral marketing campaign software platform, and the completed SalesCloser transaction, after which Wishpond retained a majority ownership position. These items frame Wishpond as a marketing technology issuer focused on its core AI-driven marketing and sales platform.
Wishpond Technologies (OTCQX:WPNDF, TSXV:WISH) reported Q2-2026 revenue of $2.35 million, down from $3.71 million in Q2-2025, mainly due to the March 2026 divestiture of Viral Loops and reduced lower-margin revenues and sales capacity. Gross profit was $1.56 million with a 66% gross margin versus 68% a year earlier. Adjusted EBITDA was a loss of $1.57 million (Q2-2025: loss of $0.23 million), and loss before income taxes was $2.16 million. Consolidated results include SalesCloser, which contributed negative Adjusted EBITDA of $1.42 million; Wishpond’s core business recorded negative Adjusted EBITDA of $0.15 million. Cash at June 30, 2026 was $4.35 million and credit facility borrowings were $0.91 million.
Subsequent to quarter-end, Wishpond received a notice of default under a financial covenant in a forbearance agreement with its senior lender. According to the company, this creates material uncertainty that may cast significant doubt on its ability to continue as a going concern. Management’s 2026 priorities include strengthening organic revenue, improving margins and efficiency, reducing churn, and enhancing liquidity, while retaining a 62.87% interest in SalesCloser.
Wishpond (OTCQX: WPNDF) reported Q1 2026 revenue of $2.77 million, down from $4.09 million a year earlier, with gross margin stable at 67%.
The company completed a $2.3 million Viral Loops divestiture, reduced its credit facility to $942,670, spun out SalesCloser, but recorded a larger net loss and highlighted going concern uncertainty.
Wishpond (OTCQX: WPNDF) reported fiscal 2025 results and post-year-end transactions refocusing on its core marketing technology platform. Fiscal 2025 revenue was $14.37M (down 33.5% YoY), gross margin 69%, Adjusted EBITDA $(467,596). Post-year: SalesCloser spun out (Wishpond retained ~63.3%) and Viral Loops assets sold for $2.3M with $1.6M applied to reduce the senior credit facility. Cash at year-end was $1.88M and credit facility drawn was $2.55M. Management cites cost reductions, forbearance with lender and a refocus on core products for 2026.
Wishpond (OTCQX: WPNDF) announced that common shares of SalesCloser Technologies Ltd. are expected to begin trading on the TSX Venture Exchange on April 9, 2026 under the symbol SCAI. Wishpond holds approximately 63.3% of SalesCloser following a three‑cornered amalgamation.
SalesCloser assumed 175,000 non‑transferable finder's warrants issued December 15, 2025; each warrant exercisable at C$0.60 for two years from closing. The Transaction and listing complete the spin‑out of Wishpond's SalesCloser business.
Wishpond Technologies (OTCQX: WPNDF) appointed Jordan Gutierrez as Chief Executive Officer, effective March 26, 2026.
Gutierrez succeeds Ali Tajskandar, who will lead spun‑out company SalesCloser and remain on Wishpond's board. The company said it will evaluate its executive structure while focusing on operational efficiency and execution.
Wishpond (OTCQX: WPNDF) closed the sale of its Viral Loops product to Emerge Commerce for $2.3 million effective March 9, 2026.
Wishpond received $2.1 million at closing and will receive $200,000 on the one-year anniversary. Approximately $1.6 million of proceeds were applied to repay the senior credit facility, and remaining proceeds will support working capital. The company entered a forbearance agreement with National Bank of Canada through December 31, 2026, subject to customary conditions.
G2M Cap Corp (OTCQX: WPNDF) announced an upsized concurrent non-brokered private placement to support its qualifying transaction acquiring SalesCloser from Wishpond.
The special shareholder meeting is set for March 20, 2026 at 9:30 a.m. PST. The Concurrent Financing was increased from $4,000,000 to up to $5,000,000 with an option to further upsize to $5,500,000. Subscription Receipts priced at $0.75 convert to units with warrants exercisable at $1.25 for 24 months; acceleration triggers at $1.80 VWAP for ten consecutive trading days.
Wishpond (OTCQX: WPNDF) entered into an asset purchase agreement dated February 19, 2026 to sell its Viral Loops product and related assets for $2.3 million, with $2.1 million payable at closing and $200,000 payable one year after closing.
The company intends to use net proceeds primarily to reduce indebtedness under its senior credit facility, expecting to lower its outstanding line of credit by approximately $1.4 million and to support ongoing working capital needs. Closing is subject to lender consent, Emerge financing, third-party approvals and, if applicable, TSX Venture Exchange approval.
Wishpond (OTCQX: WPNDF) reported Q3 2025 results showing a return to positive Adjusted EBITDA of $49,012 and a 71% gross margin, the highest since Q3 2020. Revenue for the quarter was $3,375,653 (Q3-2024: $5,055,738), reflecting a strategic shift toward AI-enabled products and away from legacy low-margin customers.
Material actions include multiple AI patent filings (seven total by Sep 4, 2025), renewal of a revolving facility (max $5.0M) with revised covenant terms, a proposed SalesCloser spin-off via an LOI announced Nov 4, 2025, a lender forbearance extension intent to Dec 2026, and a $200,000 shareholder loan on Nov 25, 2025.
G2M Cap Corp (OTCQX: WPNDF) entered a non-binding LOI dated Nov 4, 2025 to acquire SalesCloser via a reverse takeover, creating a public company expected to be renamed SalesCloser Technologies Inc. The Transaction targets a closing on or about Jan 30, 2026, is subject to TSXV approval, definitive agreements and completion of bridge and concurrent financings.
Key metrics: SalesCloser reports ~$1.7M ARR (run-rate), >5x ARR growth, and ~85% gross margins. Wishpond would hold ~68% of the Resulting Issuer via 22,750,000 vend-in shares at a deemed $0.75/share (~$17M aggregate). Planned financings: up to $1.5M bridge and up to $4.0M concurrent.