Ionik Announces Voting Results from Its Annual General and Special Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - June 26, 2025) - Ionik Corporation (TSXV: INIK) (OTCQB: INIKF) (the "Company" or "Ionik"), a data and technology-driven marketing and advertising solutions company, is pleased to announce that all items of business were approved at its annual general and special meeting of shareholders held on June 26, 2025 (the "Meeting") in Waterloo, Ontario. A total of 223,777,437 common shares were voted in connection with the Meeting, representing approximately 63.14% of the issued and outstanding common shares...
2025-06-26 4:30 PM EDT
Ionik Receives Covenant Waiver from Senior Lender
Toronto, Ontario--(Newsfile Corp. - June 23, 2025) - Ionik Corporation (TSXV: INIK) (OTCQB: INIKF) (the "Company" or "Ionik"), today announced that it has received a formal waiver from its senior lender in respect of the previously disclosed technical breach of a financial covenant under its syndicated debt facility (the "Syndicate Debt Facility"). As disclosed in the press release announcing the Company's financial results for the first quarter ended March 31, 2025 issued on June 2, 2025, the Company was notified by...
2025-06-23 7:00 AM EDT
Ionik Reports Strong Q1 2025 Results Led by 62% Adjusted EBITDA Growth
Gross Profit for Q1 2025 increased 21% over Q1 2024 to $17.4 million Adjusted EBITDA1 for Q1 2025 increased 62% over Q1 2024 to $6.3 millionGenerated Adjusted Free Cash Flow1 of $6.1 million and reduced Senior Debt by $3.9 million (All figures in US dollars, unless otherwise indicated)Toronto, Ontario--(Newsfile Corp. - June 2, 2025) - Ionik Corporation (TSXV: INIK) (OTCQB: INIKF) (the "Company" or "Ionik"), a data and technology-driven marketing and advertising solutions company, announced its financial result
2025-06-02 7:00 AM EDT
Ionik Announces Record Fourth Quarter and Fiscal 2024 Results
Record Fiscal 2024 Revenue of $179 million - Growth of 28% over previous 12 months Record Fiscal 2024 Adjusted EBITDA1 of $23 million - 34% growth compared to $17.2 million in the prior 12 monthsRecord Quarterly Adjusted EBITDA1 of $7.3 million in Q4 - Year-over-year growth of 32% and quarter-over-quarter growth of 30%(All figures in US dollars, unless otherwise indicated)Toronto, Ontario--(Newsfile Corp. - April 30, 2025) - Ionik Corporation (the "Company" or "Ionik") (TSXV: INIK, OTCQB: INIKF), a data and...
2025-04-30 4:30 PM EDT
Ionik Reports Q3 2024 Results and Provides Corporate Update
Revenue increased 29% over prior year to $44.0 millionAdjusted EBITDA1 increased 49% over prior year to $5.6 million(All figures in US dollars, unless otherwise indicated)Toronto, Ontario--(Newsfile Corp. - November 28, 2024) - Ionik Corporation (TSXV: INIK) (OTCQB: INIKF) (the "Company" or "Ionik"), a data-driven performance marketing technology company, announced its financial results for the third quarter ended September 30, 2024 ("Q3 2024") and provides a corporate update for shareholders. Financial Highlights for Q3 2024Re
2024-11-28 7:00 AM EST
Ionik Announces Legal Name Change
Toronto, Ontario--(Newsfile Corp. - November 22, 2024) - PopReach Corporation (dba Ionik) (TSXV: INIK) (OTCQB: INIKF) ("Ionik", or the "Company"), a data-driven performance marketing technology company, is pleased to announce that, further to its news release dated July 12, 2024, the TSX Venture Exchange (the "TSXV") has approved the Company's name change from "PopReach Corporation" to "Ionik Corporation", effective November 26, 2024. The Company's trading symbol shall remain the same. Common shares of the Company shall remain trading on the...
2024-11-22 7:00 AM EST
Ionik Acquires Rise4
Toronto, Ontario--(Newsfile Corp. - November 19, 2024) - PopReach Corporation (dba Ionik) ("Ionik" or the "Company") (TSXV: INIK) (OTCQX: INIKF) announces that it has acquired Rise4 Inc. ("Rise4"), a performance marketing company headquartered in Guelph, Ontario (the "Transaction") for a total aggregate purchase price of approximately US$19.9 million, consisting of a combination of cash, debt and stock, plus the earn-out consideration outlined below under the "Key Terms of the Transaction".Founded in 2022, Rise4 is a team of 15, led by...
2024-11-19 7:00 AM EST
Ionik Acquires Nimble5
Toronto, Ontario--(Newsfile Corp. - September 3, 2024) - PopReach Corporation (dba Ionik) (TSXV: INIK) (OTCQX: INIKF) ("Ionik" or the "Company") announced that it has acquired Nimble5, LLC ("Nimble5"), a performance marketing company headquartered in San Diego, California (the "Transaction") for a total aggregate purchase price of approximately US$33.7 million, consisting of a combination of cash, debt and stock, plus the earn-out consideration outlined below under the "Key Terms of the Transaction".Founded in 2016, Nimble5 is a team of 25 people, several...
2024-09-03 7:00 AM EDT
Ionik Delivers Record Revenue and EBITDA in Second Quarter 2024
Revenue increased 26% over prior year to $44.8 million Adjusted EBITDA1 increased 52% over prior year to $5.5 millionReduced Senior Debt by $2.8 million(All figures in US dollars, unless otherwise indicated)Toronto, Ontario--(Newsfile Corp. - August 28, 2024) - PopReach Corporation (dba Ionik) (TSXV: INIK) (OTCQX: INIKF) ("Ionik", or the "Company"), a data-driven performance marketing technology company, announced its financial results for the second quarter ended June 30, 2024. Financial Highlights for the Second Quarter 2024
2024-08-28 7:00 AM EDT
Ionik Announces Voting Results from Its Annual General and Special Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - July 12, 2024) - PopReach Corporation (TSXV: INIK) (OTCQX: INIKF) (dba "Ionik", or the "Company"), a data-driven performance marketing technology company, is pleased to announce that all items of business were approved at its annual general and special meeting of shareholders held on July 11, 2024 (the "Meeting") in Waterloo, Ontario. A total of 158,500,734 common shares were voted in connection with the Meeting, representing approximately 54.847% of the issued and outstanding common shares of the...
2024-07-12 12:49 PM EDT
Ionik Announces Continued Growth in First Quarter 2024
Revenue increased 10% over prior quarter and 30% over prior year to $42.3 million Adjusted EBITDA1 increased 37% over prior year to $3.4 millionReduced Senior Debt by $2.8 million utilizing Q1 operating cash flow (All figures in US dollars, unless otherwise indicated)Toronto, Ontario--(Newsfile Corp. - May 30, 2024) - PopReach Corporation (TSXV: INIK) (OTCQX: INIKF) (dba "Ionik", or the "Company"), a data-driven performance marketing technology company, announced its financial results for the first quarter ended March 31, 2024.Financial
2024-05-30 7:00 AM EDT
Ionik Announces Record Fourth Quarter and Fiscal 2023 Results
Record Quarterly Adjusted EBITDA1 of $5.0 million in Q4 - Year-over-year growth of 27.1% and quarter-over-quarter growth of 34.8%Record Fiscal 2023 Revenue of $140.6 million - Growth of 43.3% over previous 12 months Record Fiscal 2023 Adjusted EBITDA1 of $14.9 million - 51.3% growth compared to $9.8 million in the prior 12 months(All figures in US dollars, unless otherwise indicated)Toronto, Ontario--(Newsfile Corp. - April 29, 2024) - PopReach Corporation (TSXV: INIK) (OTCQX: INIKF) (dba "Ionik", or the "Company"
2024-04-29 7:00 AM EDT
Ionik Announces Sale of PopReach Games Portfolio
(All figures in US dollars, unless otherwise indicated)Toronto, Ontario--(Newsfile Corp. - April 29, 2024) - PopReach Corporation (dba Ionik) (TSXV: INIK) (OTCQX: INIKF) ("Ionik", or the "Company"), a data driven marketing technology company, today announced the sale of substantially all of its mobile games portfolio including its subsidiary, PopReach Technologies Private Limited ("PopReach India"), a live operations games studio located in Bangalore, India (collectively "PopReach Games") to Phoenix Games Holdings UK Ltd. ("Phoenix") for a total aggregate purchase price of...
2024-04-29 6:30 AM EDT
Ionik Engages Sophic Capital for Capital Markets Advisory Services
Toronto, Ontario--(Newsfile Corp. - November 8, 2023) - PopReach Corporation (doing business as Ionik) (TSXV: INIK) (OTCQX: INIKF) ("Ionik" or the "Company"), a multi-platform technology company focused on assembling the most effective and complete suite of advertising, marketing and monetization solutions for brands, advertisers and publishers, announces that it has engaged Sophic Capital Inc. ("Sophic") to provide capital markets advisory services under an agreement dated November 7, 2023 (the "Agreement"). The Agreement and the obligations of the Company under...
2023-11-08 7:00 AM EST
PopReach Corporation Announces Closing of Qualifying Transaction
Toronto, Ontario--(Newsfile Corp. - June 30, 2020) - PopReach Corporation, formerly Mithrandir Capital Corp. (the "Corporation") (TSXV: GMER.P) is pleased to announce that further to its press releases dated November 12, 2019, June 17, 2020, June 18, 2020, and June 26, 2020, it has completed its qualifying transaction (the "Qualifying Transaction") consisting of the acquisition of all of the issued and outstanding securities in the capital of PopReach Incoprorated ("PopReach") by way of three-cornered amalgamation pursuant to which a wholly...
2020-06-30 4:26 PM EDT
Mithrandir Capital Corp. Announces Signing of Definitive Acquisition Agreement and Filing of Filing Statement for the Qualifying Transaction with PopReach Incorporated
Toronto, Ontario--(Newsfile Corp. - June 26, 2020) - Mithrandir Capital Corp. (TSXV: GMER.P) ("Mithrandir" or the "Corporation") is pleased to announce that further to its press releases dated November 12, 2019, June 17, 2020 and June 18, 2020, the Corporation and PopReach Incorporated ("PopReach") have entered into a definitive acquisition agreement ("Definitive Agreement") which includes and sets out the terms and conditions pursuant to which the parties will complete the previously announced qualifying transaction (the "Qualifying Transaction") consisting of the...
2020-06-26 6:17 PM EDT
Mithrandir Capital Corp. Announces Receipt of Conditional Approval for the Qualifying Transaction with PopReach Incorporated
Toronto, Ontario--(Newsfile Corp. - June 18, 2020) - Mithrandir Capital Corp. (TSXV: GMER.P) ("Mithrandir" or the "Corporation") is pleased to announce that further to its press releases dated November 12, 2019 and June 17, 2020, the Corporation has received conditional listing approval from the TSX Venture Exchange (the "Exchange") in connection with its proposed transaction with PopReach Incorporated (the "Qualifying Transaction"), as described in its prior press release dated November 12, 2019 and June 17, 2020. The Corporation currently...
2020-06-18 7:22 PM EDT
Mithrandir Capital Corp. Announces Update to Qualifying Transaction with PopReach Incorporated
Toronto, Ontario--(Newsfile Corp. - June 17, 2020) - Mithrandir Capital Corp. (TSXV: GMER.P) ("Mithrandir" or the "Corporation") is pleased to announce an update to its press release dated November 12, 2019, regarding its previously announced qualifying transaction (the "Qualifying Transaction") consisting of the acquisition of all of the issued and outstanding securities in the capital of PopReach Incorporated ("PopReach") by way of three-cornered amalgamation pursuant to which a wholly owned subsidiary of the Corporation ("Subco") will amalgamate with PopReach....
2020-06-17 11:42 PM EDT
Mithrandir Capital Corp. Announces Qualifying Transaction
Toronto, Ontario--(Newsfile Corp. - November 12, 2019) - Mithrandir Capital Corp. (TSXV: GMER.P) ("Mithrandir" or the "Corporation") is pleased to announce that it has entered into a letter of intent (the "LOI") dated November 11, 2019 with PopReach Incorporated ("PopReach"), a mobile focused free-to-play game publisher (the "Transaction"). The LOI outlines the principal terms and conditions for the Transaction, which will result in a reverse takeover of Mithrandir by PopReach and its shareholders.The Corporation is a Capital Pool Company...
2019-11-12 2:55 PM EST
Mithrandir Capital Corp. Announces Closing of Initial Public Offering
Toronto, Ontario--(Newsfile Corp. - October 11, 2019) - MITHRANDIR CAPITAL CORP. (TSXV: GMER.P) (the "Corporation" or "Mithrandir"), is pleased to announce that it has completed its initial public offering (the "Offering") today of 20,000,000 common shares (the "Common Shares") at a purchase price of $0.10 per Common Share by way of a prospectus for gross proceeds of $2,000,000.The Corporation is a Capital Pool Company as defined in the policies of the TSX Venture Exchange Inc. (the "Exchange"). To date,...
2019-10-11 9:39 AM EDT