- Prospect Park Capital Corp. (PPK) has completed its acquisition of 102130706 Saskatchewan Inc. and its virtual platform Tutors on Demand
- The platform enables the connection of qualified tutors and student learners who are seeking additional educational support
- The shareholders received an aggregate of 13.95 million common shares of Prospect Park at a deemed price of $0.065 per common share
- 61,297,074 common shares of Prospect Park are issued and outstanding
- Prospect Park Capital Corp. (PPK) is unchanged trading at $0.075 per share as of 9:30 a.m. EST
Prospect Park Capital Corp. (PPK) has completed its previously announced acquisition of 102130706 Saskatchewan Inc. and its virtual platform Tutors on Demand.
In consideration for 102130706 exchanging its common shares of Tutors on Demand, the shareholders received an aggregate of 13.95 million common shares of Prospect Park at a deemed price of $0.065 per common share.
61,297,074 common shares of Prospect Park are issued and outstanding, with the current shareholders holding approximately 77.24 per cent of the common shares of Prospect Park and the former shareholders of Tutors on Demand holding approximately 22.76 per cent of the common shares.
102130706 is in the business of operating a virtual marketplace through its Tutors on Demand platform which enables the connection of qualified tutors and student learners who are seeking additional educational support.
James Greig, CEO of Prospect Park, stated
“The new normal has created a huge demand for the virtual classroom and our technology combined with the technology developed by our sister company Diitalk, will allow us to become a leader in online learning… The closing of the acquisition before the end of the year is an accomplishment and our focus on highly scalable and easy to use communication platforms will continue to help us drive shareholder value well into the future.”
Prospect Park Capital Corp. (PPK) is unchanged trading at $0.075 per share as of 9:30 a.m. EST.
