Skip to main content

Nextpoint Financial Inc. Announces Delay of Annual Meeting and Strategic Changes to the Business of LoanMe

Written by Customer Service on . Posted in Public Companies.

HURST, Texas, June 21, 2022 (GLOBE NEWSWIRE) — NextPoint Financial Inc. (TSX: NPF.U, NPF.WT.U) (“NextPoint” or, the “Company”) announces the cancellation of the annual meeting of shareholders of NextPoint (the “Meeting”) scheduled to be held on Wednesday, June 22, 2022.

Further to the Company’s press release dated May 25, 2022, the Company has not yet provided its shareholders at the meeting with the Company’s audited consolidated financial statements for the year ended December 31, 2021 (the “Financial Statements”), as required by applicable corporate law.

Accordingly, the Company has decided to cancel the Meeting and will set a date for its annual meeting of shareholders of Nextpoint when the Financial Statements are available. The Company will deliver a new notice of meeting, information circular and proxy to its shareholders in connection with the new meeting and applicable corporate and securities laws. Further details will be provided in a subsequent news release.

Strategic Changes to the Business of LoanMe

Given current market conditions, the Company announces that LoanMe, Inc. (“LoanMe”), a subsidiary of the Company, will cease loan originations. As a result, LoanMe has reduced its workforce and will continue to service outstanding loans that were previously originated. The Company decided to make these strategic changes to the business of LoanMe to better reflect the areas of focus and growth at NextPoint and to take into account existing market dynamics.

About NextPoint Financial Inc.

NextPoint is an all-inclusive marketplace for financial services empowering hardworking and underserved consumers and small businesses. NextPoint was formed through the July 2021 combination of Liberty Tax, a leading provider of tax preparation services, with LoanMe, an online lender and loan marketer followed by the December 2021 acquisition of Community Tax, an effective advocate for tax debt resolution on behalf of customers.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mike Piper
investorrelations@nxtpt.com
757-493-8855

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.