Wishpond Technologies Ltd., a provider of AI-enabled marketing-focused online business solutions, announced that it has entered into an asset purchase agreement dated February 19, 2026 to sell its Viral Loops product and related assets (“Viral Loops”) to Emerge Commerce Ltd. (“Emerge”) for total cash consideration of $2,300,000 (the “Transaction”) with $2,100,000 to be paid at the closing of the Transaction (“Closing”) and $200,000 to be paid on the one (1) year anniversary of the Closing. Viral Loops is a referral marketing campaign software platform originally acquired by Wishpond in April 2022.
The Company intends to use the net proceeds from the Transaction primarily to reduce indebtedness under its senior credit facility, with the balance to support ongoing working capital requirements. Upon Closing, Wishpond expects to reduce its outstanding line of credit balance by approximately $1.4 million, representing a significant reduction of its current indebtedness.
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Ali Tajskandar, Chairman and CEO of Wishpond, commented: “This transaction reflects disciplined capital allocation and our commitment to strengthening Wishpond’s balance sheet. While Viral Loops has been a profitable business unit, we believe that reducing debt and re-investing in our core AI-driven marketing and sales platform will better position the Company for long-term growth.”
Mr. Tajskandar added: “Following Closing, we expect to materially reduce leverage and enhance financial flexibility, allowing us to concentrate on enhancing our core platform and supporting the performance of our existing product suite.”
The sale of Viral Loops does not materially impact the Company’s core AI-enabled marketing and sales platform or its broader strategic initiatives.
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The Transaction is an arm’s length transaction and no finder’s fees are payable in connection with the Transaction. Closing of the Transaction is subject to certain conditions including receipt of required consent from the Company’s senior lender, completion of a financing by Emerge, certain third party approvals and, if applicable, the approval of the TSX Venture Exchange.
