Perk Labs Reports First Quarter 2023 Results - Seite 2

• Completion of Merger with Getit: On March 2, 2023, the Company announced it had completed its merger with Getit. The acquisition was completed through a share exchange, with the Company issuing an equivalent value of $4.655M in common shares of the company in exchange for all of the issued and outstanding shares of Getit. As part of the merger, Steve Cadigan and James Topham stepped down from the Board of Directors of the Company. Ben Lacroix and Ryan Hardy, the co-founders of Getit, were appointed to the Board of Directors and Ryan Hardy became the new CEO with Jonathan Hoyles transitioning to the role of Chief Legal Officer. Patrick Power assumed the position of Audit Committee Chair, succeeding James Topham. The Company further announced it planned to change its name and ticker symbol to reflect the combined entity. In connection with the merger, the four largest shareholders of Getit agreed not to sell, assign, or otherwise transfer the common shares of the Company received, with the lock-up period expiring on February 28, 2024.
• Private Placement: On April 25, 2023, the Company announced that it had closed a private placement of 11,609,909 units ("Units"), for proceeds of ~$190,000 and settled a debt of ~$85,900 with a creditor by issuing 5,238,414 Units. Each Unit included one Common Share and one Common Share purchase warrant. The net proceeds of the private placement are to be used for sales, marketing, and working capital. The Company also announced that Gary Zhang was transitioning from his role as Chief Technology Officer to an advisory role.

Outlook

The Company's strategic priorities for 2023 include:

• A successful merger of the operations of Perk Hero Software Inc. and Getit
• Signing enterprise customers to use the Company's technologies and services
• Continued improvement of our products and offerings.
• Grow the number of end-user customers and businesses using our technologies and services
• Grow our licensing and transactional revenue.
• Invest in sales, marketing, and communication strategies to drive growth.

The Company's complete financial results are available in its Consolidated Financial Statements and Management's Discussion and Analysis for the quarter ended February 28, 2023, each filed with Canadian securities regulators at www.sedar.com.