SalesCloser AI is poised for significant growth as Wishpond Technologies announces plans to spin out its rapidly expanding conversational AI business into a separate public company. This move is expected to position SalesCloser AI as a leader in sales automation and artificial intelligence. The upcoming transaction marks a strategic milestone for the parties involved, ushering in new opportunities in the AI sales sector.
Wishpond Spins Out SalesCloser AI as Standalone Public Company
Wishpond Technologies, alongside G2M Cap Corp., has entered into a non-binding letter of intent to spin out SalesCloser AI into its own public entity. Upon completion, SalesCloser AI will become a separately listed company on the TSX Venture Exchange through a reverse takeover involving G2M. Wishpond is expected to retain a majority share of approximately 68% of the new entity, ensuring continued involvement in SalesCloser AI’s future success. The transition aims to unlock greater shareholder value and enable each business to focus on its distinct growth ambitions.
Strategic Rationale and Expansion Goals for SalesCloser AI
The decision to separate SalesCloser AI reflects Wishpond’s intention to focus on core marketing technologies while empowering SalesCloser AI to expand as a dedicated AI sales platform. According to CEO Ali Tajskandar, this will allow both companies to eliminate competing resource demands, improve cash flow, and accelerate innovation. SalesCloser AI’s platform already delivers real-time, multilingual virtual sales agents, with rapid revenue growth and gross margins close to 85%. As a standalone business, SalesCloser AI aims to secure greater funding, strengthen its leadership, and drive adoption in the global conversational AI space.
Transaction Details, Leadership, and Next Steps Revealed
The transaction, targeted for completion by January 30, 2026, involves several financial and strategic steps:
- G2M will acquire all SalesCloser AI securities, consolidating shares and issuing new stock to Wishpond.
- Bridge and concurrent financings will collectively raise up to $5.5 million for expansion, development, and transaction-related activities.
- The resulting issuer, expected to be renamed SalesCloser Technologies Inc., will appoint a board and leadership team led by Ali Tajskandar and seasoned tech executives.
However, final regulatory approvals and shareholder votes remain as key steps before the deal can close. Following the transaction, shares of the new company will trade under a yet-to-be-announced symbol on the TSXV.
In summary, the planned spin-out of SalesCloser AI marks a transformative move for both Wishpond and its AI sales subsidiary. By pursuing independent growth paths, each business aims to sharpen its competitive edge and deliver more value to shareholders and customers. Industry watchers can expect further updates as the transaction nears completion and SalesCloser AI sets its sights on becoming a major player in AI-driven sales automation.
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