Wikisoft Corp. (OTC:WSFT) Announces Entry Into Common Stock Purchase Agreement

Rhea-AI Summary

Wikisoft Corp. (OTC PINK:WSFT) announced a Common Stock Purchase Agreement with TRITON FUNDS, LLC, involving a purchase of $750,000 in securities at a price of $1.50 per share after SEC approval. The funds will be directed towards working capital and general corporate purposes, supporting the development of their platform Wikiprofile.com. CEO Carsten Kjems Falk emphasized the significance of this capital raise for future growth and technological advancement.

AI-generated analysis. Not financial advice.

Positive

• Entered into a Common Stock Purchase Agreement valued at $750,000.
• Funds will enhance working capital and support technological development.
• Focus on expanding product offerings and customer base.

Negative

• None.

SAN FRANCISCO, CA / ACCESSWIRE / June 11, 2021 / Wikisoft Corp. (the "Company," "we," and "our") (OTC PINK:WSFT) today announced that it has entered into a Common Stock Purchase Agreement (the 'Purchase Agreement') with TRITON FUNDS, LLC, a San Diego limited liability company ('TRITON FUNDS').

The Purchase Agreement provides that the the Investor shall purchase Seven Hundred Fifty Thousand Dollars ($750,000) of Securities after a Registration Statement is declared effective by the Securities and Exchange Commission (the "SEC") at a fixed price of $1.50 per share. The Company intends to use the net proceeds from the Purchase Agreement for the expansion of working capital and other general corporate purposes in accordance with its business strategy.

The Company's Chief Executive Officer, Carsten Kjems Falk commented: 'We are pleased to announce our entry into the Purchase Agreement with TRITON FUNDS. This transaction marks a planned capital raise to accelerate development of our flagship platform Wikiprofile.com. We believe it demonstrates both the validity of our business as well as our positive long-term outlook. Looking ahead, we remain focused on laying the foundation for continuous technological development by seeking to diversify our product offerings, enlarging our customer base, and increasing our global footprint.'

ABOUT WIKISOFT CORPORATION

In line with increasing globalization, we believe that there is a growing demand for access to credible company and employee information worldwide. Wikisoft's flagship online platform, Wikiprofile.com, aims to be a powerful solution with tools and resources for businesses and business professionals to find valid information quickly and easily so that they can make informed career and hiring decisions.

Our vision is to create opportunity globally for business professionals and businesses to make informed career and hiring decisions. Manifesting this vision requires scaling information technology with high data validity across the key pillars: business professionals, businesses, job opportunities and professional skills. By pursuing this vision, we believe Wikisoft Corp. can enable users to connect to business opportunities on a global scale. In line with increasing globalization, there is a growing demand for access to credible business and employee information worldwide.

FORWARD-LOOKING STATEMENTS

This press release contains statements of a forward-looking nature about the Company. You can identify these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'is/are likely to,' 'future' or other similar expressions. The Company has based these forward-looking statements primarily on the Company's current expectations and projections about future events and financial trends that the Company believes may affect Company's financial condition, results of operations, business strategy, and financial needs. There is no assurance that the Company's current expectations and projections are accurate. All forward-looking statements in this press release are based on the Company's information on the date hereof. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results to differ materially from those implied by the forward-looking statements. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time. The Company does not undertake any obligation to update or revise the forward-looking statements except as required under applicable law. This press release does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities of the Company. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.

CONTACT

WikiSoft Corp.
315 Montgomery Street, San Francisco,
CA 94104, USA
Phone: +1-800-706-0806
Email: investor@wikisoft.com

Investor site: www.wikisoft.com

SOURCE: WikiSoft Corp

View source version on accesswire.com:
https://www.accesswire.com/651401/Wikisoft-Corp-OTCWSFT-Announces-Entry-Into-Common-Stock-Purchase-Agreement

FAQ

What is the recent stock agreement announced by Wikisoft Corp. (WSFT)?

Wikisoft Corp. announced a Common Stock Purchase Agreement with TRITON FUNDS for $750,000.

How much will Wikisoft Corp. raise per share in the new stock agreement?

Wikisoft Corp. will raise $1.50 per share in the new stock agreement.

What will the proceeds from the stock agreement be used for?

The proceeds will be used for working capital and general corporate purposes.

What is the date of the announcement regarding the stock purchase agreement by WSFT?

The announcement was made on June 11, 2021.

Who is the CEO of Wikisoft Corp. (WSFT) and what did he say about the stock agreement?

CEO Carsten Kjems Falk expressed that the agreement marks a planned capital raise to accelerate development.