SalesCloser Technologies to commence trading on OTCQB Venture Market

1 min read     Updated on 07 Jul 2026, 04:44 AM
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AI Summary

SalesCloser Technologies Ltd. will commence trading on the OTCQB Venture Market on July 7, 2026, under the symbol SCTLF, aiming to improve access for U.S. investors. The company's shares will continue to trade on the TSX Venture Exchange and Frankfurt Stock Exchange. The OTCQB listing requires current reporting and annual verification.

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SalesCloser Technologies Ltd. will begin trading its common shares on the OTCQB Venture Market in the United States on July 7, 2026, under the symbol SCTLF. This strategic move is designed to enhance accessibility for U.S. investors seeking exposure to the company, which specializes in autonomous AI sales technology. The listing complements SalesCloser's existing presence on the TSX Venture Exchange under the symbol SCAI and on the Frankfurt Stock Exchange under MJ5.

Ali Tajskandar, Chief Executive Officer of SalesCloser, emphasized that the OTCQB listing removes friction for U.S. investors. He stated that as the company's AI technology advances and use cases for its platform grow, the new listing makes it straightforward for investors across North America to participate in the company's growth.

The OTCQB Venture Market, operated by OTC Markets Group Inc., serves as a trading marketplace for early-stage and developing U.S. and international companies. To qualify for this market, companies must be current in their reporting and complete an annual verification and management certification process with OTC Markets Group.

SalesCloser.ai is a Vancouver-based AI software company focused on automating and scaling revenue generation through conversational AI. The company's platform enables businesses to deploy AI-powered virtual sales agents that engage prospects and customers across the sales lifecycle. These agents conduct real-time, personalized interactions across voice, video, and digital channels, including lead qualification, product demonstrations, follow-ups, and meeting scheduling.

By augmenting core sales functions, the platform helps organizations increase capacity, accelerate pipeline velocity, and improve conversion rates without a corresponding increase in headcount. The platform integrates with existing CRM and business systems, supports multilingual deployment, and delivers consistent, high-quality customer interactions across industries. SalesCloser operates under a subscription-based SaaS model, generating recurring revenue with strong visibility and high gross margins while continuously enhancing its AI capabilities.

Exchange Symbol Status
OTCQB Venture Market SCTLF Trading commences July 7, 2026
TSX Venture Exchange SCAI Currently trading
Frankfurt Stock Exchange MJ5 Currently trading

How will the OTCQB listing impact SalesCloser's liquidity and trading volume compared to its existing TSX Venture presence?

What specific growth metrics or user adoption rates is SalesCloser targeting following this increased accessibility to U.S. investors?

Will the company pursue a full uplisting to a major U.S. exchange like the NASDAQ or NYSE as its AI technology matures?

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SalesCloser completes share issuance to Green Times Consulting

1 min read     Updated on 09 Jun 2026, 04:47 AM
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Suketu GScanX News Team
AI Summary

SalesCloser Technologies Ltd. finalized payments to Green Times Consulting Ltd. by issuing 87,064 shares at $0.844 per share for May 2026 services. Combined with a prior issuance of 144,257 shares, the company has distributed a total of 231,321 shares for consulting services. The final tranche carries a hold period until October 9, 2026.

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SalesCloser Technologies Ltd. has completed the issuance of the second and final tranche of shares to Green Times Consulting Ltd. as payment for consulting services rendered in May 2026. The company issued 87,064 common shares at a price of $0.844 per share, concluding the obligations under the Consulting Agreement dated April 1, 2026. This transaction settles the payment for services provided during the period from May 1 to May 31, 2026.

The shares issued in this final tranche are subject to a four-month resale hold period, which is set to expire on October 9, 2026. Previously, the company had issued a first tranche of 144,257 common shares on May 1, 2026, at a price of $1.018 per share to cover services for the period from April 1 to April 30, 2026. Green Times is an arm's length party to SalesCloser and its affiliates.

In total, SalesCloser has issued 231,321 common shares to Green Times in full payment for its services under the Consulting Agreement. The total value of the transaction includes Goods and Services Tax (GST). The company, listed on the TSX Venture Exchange under the ticker "SCAI" and on the FSE as "MJ5", specializes in autonomous AI sales technology.

Share Issuance Breakdown

Tranche Date Shares Issued Price per Share ($) Service Period
First May 1, 2026 144,257 1.018 April 1 - April 30, 2026
Second June 8, 2026 87,064 0.844 May 1 - May 31, 2026
Total 231,321

SalesCloser.ai operates under a subscription-based SaaS model, providing AI-powered virtual sales agents to automate revenue generation. The platform integrates with existing CRM systems and supports multilingual deployment across voice, video, and digital channels.

How will the expiration of the four-month resale hold period on October 9, 2026, impact SCAI's share price and liquidity?

What specific strategic initiatives will SalesCloser pursue now that the obligations under the Consulting Agreement have been fully settled?

How does the 17% decline in the issuance price between the first and second tranches reflect the company's current valuation trends?

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