January 23, 2018 8:28 PM ET

Internet Software and Services

Company Overview of ZipLocal Inc.

Company Overview

ZipLocal Inc. does not have significant operations. The company intends to explore new business opportunities. Previously, the company was engaged in online listing advertising. ZipLocal Inc. is headquartered in Toronto, Canada. As of July 7, 2017, ZipLocal Inc. operates as a subsidiary of Intercap Inc.

17 Prince Arthur Avenue

1st Floor

Toronto, ON M5R 1B2


Key Executives for ZipLocal Inc.

Interim Chief Executive Officer and Director
Interim Chief Financial Officer
Vice President and General Manager of LocaLeads
Compensation as of Fiscal Year 2017.

ZipLocal Inc. Key Developments

ZipLocal Shares Delisted From NEX Board Of TSX Venture Exchange

Intercap Inc. (Intercap) and ZipLocal Inc. (ZipLocal) announced that Intercap has acquired all of the outstanding common shares of ZipLocal (ZipLocal Share) not acquired under Intercap's take-over bid made on May 19, 2017 pursuant to the compulsory acquisition provisions of the Business Corporations Act (Ontario). With the completion of the compulsory acquisition, the ZipLocal Shares have been de-listed from the NEX Board of the TSX Venture Exchange as of the close of trading on August 18, 2017 and ZipLocal has ceased to be a reporting issuer under Canadian securities laws as of August 21, 2017.

ZipLocal Inc. To Be Delisted From The NEX, Effective At The Close Of Business On Aug. 18, 2017

Effective at the close of business on Aug. 18, 2017, the common shares of ZipLocal Inc. will be delisted from the NEX. The delisting of the company's shares results from Intercap Inc. acquiring 100% of the company's issued and outstanding common shares pursuant to an offer to purchase dated May 19, 2017, and as amended by a notice of extension.

Intercap Intends To Have The ZipLocal Shares De-Listed From The NEX Board Of TSX Venture Exchange

Intercap Inc. (Intercap) and ZipLocal Inc. announced that Intercap has mailed a notice of compulsory acquisition (Notice of Compulsory Acquisition) to the remaining holders of common shares (ZipLocal Shares) of ZipLocal. Following Intercap's offer to acquire all of the ZipLocal Shares, Intercap owns approximately 90.9% of the issued and outstanding ZipLocal Shares. Since Intercap's offer was accepted by holders of more than 90% of the ZipLocal Shares, Intercap is now exercising its right under the compulsory acquisition provisions of the Business Corporations Act (Ontario) to acquire all outstanding ZipLocal Shares not already owned by it on the basis of (i) cash equal to $0.0035 for each ZipLocal Share, or (ii) one non-voting redeemable (on a non-pro rata basis) preferred share of Intercap for each ZipLocal Share, all of which Intercap preferred shares, if issued, will be redeemed at a redemption price equal to $0.0035 concurrently with, or immediately following, the completion of the compulsory acquisition. Intercap intends to have the ZipLocal Shares de-listed from the NEX Board of the TSX Venture Exchange and to cause ZipLocal to cease to be a reporting issuer upon completion of the compulsory acquisition.

Similar Private Companies By Industry

Company Name Region
0969607 B.C. Ltd. Americas
0971519 B.C. Ltd. Americas
10375977 Canada Inc. Americas
10503070 Canada Inc. Americas
20 Year Media Corp. Americas

Recent Private Companies Transactions

May 19, 2017

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
Tax Management Inc United States
NYC2012, Inc. United States
John F. Kennedy Center For The Performing Arts United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact ZipLocal Inc., please visit www.ziplocal.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.