{"id":473545,"date":"2021-04-08T08:33:28","date_gmt":"2021-04-08T12:33:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473545"},"modified":"2021-04-08T08:33:28","modified_gmt":"2021-04-08T12:33:28","slug":"flow-capital-announces-the-buyout-of-its-investment-in-spiridon-technologies-ltd","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/flow-capital-announces-the-buyout-of-its-investment-in-spiridon-technologies-ltd\/","title":{"rendered":"Flow Capital Announces the Buyout of Its Investment in Spiridon Technologies Ltd"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">TORONTO, April  08, 2021  (GLOBE NEWSWIRE) &#8212; Flow Capital Corp. (TSXV: FW) (\u201cFlow Capital\u201d or the \u201cCompany\u201d) announces that Spiridon Technologies Ltd. (\u201cSpiridon\u201d) has agreed to a buyout of Flow Capital\u2019s royalty investment for US$425,000 in cash proceeds. This represents a cash-on-cash return of approximately 1.7x over 24 months.<\/p>\n<p align=\"justify\">\u201cThe 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,\u201d said Alex Baluta, CEO Flow Capital.<\/p>\n<p>\n        <strong>About Flow Capital<\/strong>\n      <\/p>\n<p>Flow Capital Corp. is a diversified alternative asset investor, specializing in providing minimally dilutive capital to high-growth businesses. To apply for financing, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Z5vrHVuse0MJUlerA0_H9gcxEUiNVXG86KzpaFY4boBlF_0vT55TADyHuZHVxE0djHzCLlClMabY8qGB0CdhLw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.flowcap.com<\/a>.<\/p>\n<p>For further information, please contact:<\/p>\n<p>\n        <strong>Flow Capital Corp.<\/strong>\n      <\/p>\n<p>Alex Baluta<br \/>Chief Executive Officer<br \/>alex@flowcap.com<\/p>\n<p>1 Adelaide Street East, Suite 3002,<br \/>PO Box 171,<br \/>Toronto, Ontario M5C 2V9<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMzQxNSM0MTExMjA3IzUwMDA0OTMwNQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/75be3b78-756c-4709-acec-c4dc713d4de0\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, April 08, 2021 (GLOBE NEWSWIRE) &#8212; Flow Capital Corp. (TSXV: FW) (\u201cFlow Capital\u201d or the \u201cCompany\u201d) announces that Spiridon Technologies Ltd. (\u201cSpiridon\u201d) has agreed to a buyout of Flow Capital\u2019s royalty investment for US$425,000 in cash proceeds. This represents a cash-on-cash return of approximately 1.7x over 24 months. \u201cThe 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,\u201d 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/flow-capital-announces-the-buyout-of-its-investment-in-spiridon-technologies-ltd\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Flow Capital Announces the Buyout of Its Investment in Spiridon Technologies Ltd&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-473545","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Flow Capital Announces the Buyout of Its Investment in Spiridon Technologies Ltd - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/flow-capital-announces-the-buyout-of-its-investment-in-spiridon-technologies-ltd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flow Capital Announces the Buyout of Its Investment in Spiridon Technologies Ltd - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, April 08, 2021 (GLOBE NEWSWIRE) &#8212; Flow Capital Corp. (TSXV: FW) (\u201cFlow Capital\u201d or the \u201cCompany\u201d) announces that Spiridon Technologies Ltd. (\u201cSpiridon\u201d) has agreed to a buyout of Flow Capital\u2019s royalty investment for US$425,000 in cash proceeds. This represents a cash-on-cash return of approximately 1.7x over 24 months. \u201cThe 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,\u201d 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. 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