January 20, 2018 10:18 AM ET

Capital Markets

Company Overview of 22 Capital Corp.

Company Overview

22 Capital Corp. intends to identify and evaluate businesses or assets with a view to completing a qualifying transaction. The company was incorporated in 2017 and is headquartered in Toronto, Canada.

82 Richmond Street East

1st Floor

Toronto, ON M5C 1P1


Founded in 2017



Key Executives for 22 Capital Corp.

22 Capital Corp. does not have any Key Executives recorded.

22 Capital Corp. Key Developments

22 Capital Corp Proposes Amendment to the Corporation's Articles of Incorporation

22 Capital Corp. at the special meeting of shareholders to be held on October 16, 2017, to consider an amendment to the Corporation's articles of incorporation to effect a consolidation of the common shares of the Corporation on the basis of 0.416666667 of one Common Share for one post-consolidation Common Share (the "Consolidated Shares").

22 Capital Corp., Annual General Meeting, Oct 16, 2017

22 Capital Corp., Annual General Meeting, Oct 16, 2017, at 09:30 US Eastern Standard Time. Agenda: To consider special resolution of the Corporation approving the continuance of the Corporation from the Business Corporations Act; to consider amendment to the Corporation's articles of incorporation; to consider electing directors; to consider the creation of a new class of convertible restricted voting shares; and to consider such other business as may properly come before the Meeting or any adjournments or postponements thereof.

22 Capital Corp. and nDivision, Inc., Announce Executive Appointments to the Combined Entity

22 Capital Corp. announced that it has signed a binding letter agreement with nDivision Inc. 22 Capital will acquire all of the issued and outstanding common shares of nDivision in exchange for an aggregate of 42,213,320 shares of 22 Capital after giving effect to a 2.4 for one share consolidation. Upon completion of the Transaction it is expected that the shareholders of 22 Capital will hold approximately 9.7% of the equity of the combined entity (Resulting Issuer). Upon completion of the Transaction, Alan Hixon, the Chief Executive Officer of nDivision, will serve as President, Chief Executive Officer and a director of the Resulting Issuer. Prior to the completion of the Transaction, a Chief Financial Officer and Corporate Secretary will be determined by the board of directors of the Resulting Issuer. Mr. Hixon started his career with IBM and has 35 years' experience in the IT industry, spanning hardware, software, services and leasing. Brad Wiggins, Chief Administrative Officer: Mr. Wiggins has 18 years' experience in the IT industry, initially in the engineering and data management software and IT infrastructure space. Justin Roby, Chief Technology Officer: Mr. Roby has 19 years' experience in the IT industry. Mr. Roby is responsible for driving nDivision's efficiency gains and competitive advantage, through the use of technology. Mike Beavers, Chief Commercial Officer: Mr. Beavers has 17 years' experience in the IT industry and has extensive technical experience in both customer and service provider environments.

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