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Wikisoft Corp. (OTC:WSFT) Announces Effectiveness of S-1

SAN FRANCISCO, CA / August 6, 2021 / Wikisoft Corp. (the “Company,” “we,” and “our”) (OTC PINK:WSFT) today announced that its Registration Statement on as filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 30th 2021, as amended, has become effective as of 4:00 pm EST August 5th, 2021.

The Purchase Agreement provides that White Lion Capital is committed to purchase the Company’s Ordinary Shares with an aggregate offering price of up to $20,000,000 (‘Commitment Amount’) from time to time during the Commitment Period, which starts on the date of the filing of the initial registration statement covering the resale of securities issued under the Purchase Agreement and shall terminate on December 31, 2022 of the filing of such initial registration statement and terms as specified in the agreement. The Company intends to use the net proceeds from this transaction for the expansion of working capital and other general corporate purposes in accordance with its strategy.

Under the Purchase Agreement, on any trading day selected by the Company, the Company has the right, but not the obligation, to present White Lion Capital with a purchase notice, directing White Lion Capital (as principal) to purchase up to a certain amount shares of the Company’s Ordinary Shares (‘Purchase Notice’) at a certain price as defined in the agreement. 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 effectiveness of the purchase agreement with White Lion Capital. This marks our first capital raise since becoming a public company and therefore 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 diversifying our product offerings, enlarging our customer base, and increasing our global footprints. We believe the capital raise, will help to generate lasting shareholder value.’

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: [email protected]
Investor site: www.wikisoft.com

SOURCE: WikiSoft Corp.

View source version on accesswire.com:
https://www.accesswire.com/658682/Wikisoft-Corp-OTCWSFT-Announces-Effectiveness-of-S-1

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