Flow Capital Announces the Buyout of Its Investment in Spiridon Technologies Ltd
TORONTO, April 08, 2021 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV: FW) ("Flow Capital" or the "Company") announces that Spiridon Technologies Ltd. ("Spiridon") has agreed to a buyout of Flow Capital's royalty investment for US$425,000 in cash proceeds. This represents a cash-on-cash return of approximately 1.7x over 24 months.
"The team at Spiridon is bringing together a number of relevant technologies and is building a strong business. Flow Capital is glad to have been a part of their growth, and we wish them well in their next phase," said Alex Baluta, CEO Flow Capital.
About Flow Capital
Flow Capital Corp. is a diversified alternative asset investor, specializing in providing minimally dilutive capital to high-growth businesses. To apply for financing, visit www.flowcap.com.
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