Mr. Ali Tajskandar reports

WISHPOND ANNOUNCES CLOSING OF SALE OF VIRAL LOOPS FOR $2.3 MILLION

Wishpond Technologies Ltd. has closed its previously announced sale of its Viral Loops product and related assets to Emerge Commerce Ltd. for total cash consideration of $2.3-million, effective March 9, 2026.

Under the terms of the transaction, Wishpond received $2.1-million paid at closing, with the remaining $200,000 payable on the one-year anniversary of closing. Viral Loops is a referral marketing campaign software platform originally acquired by Wishpond in April, 2022.

Wishpond has applied approximately $1.6-million of the proceeds toward repayment of its senior credit facility, representing a significant reduction in the company's outstanding indebtedness and improving its financial flexibility. The remaining proceeds will support continuing working capital requirements.

Ali Tajskandar, chairman and chief executive officer of Wishpond, commented: "Closing the sale of Viral Loops represents an important step in strengthening Wishpond's balance sheet and enhancing our financial flexibility. By reducing debt and reallocating capital toward our core AI-driven marketing platform, we are positioning the company to focus on innovation and long-term growth across our integrated product suite."

Viral Loops was operated as a stand-alone referral marketing platform within Wishpond's broader product ecosystem. The divestiture of the Viral Loops assets is not expected to materially impact the company's core AI-enabled (artificial intelligence) marketing and sales platform or its broader strategic initiatives.

In connection with the transaction, Wishpond has entered into a forbearance agreement with its senior lender, National Bank of Canada, pursuant to which the lender has agreed to forbear from exercising certain rights under the company's credit facility during the forbearance period, subject to customary conditions, including the application of a portion of the proceeds from the transaction toward repayment of the facility. The forbearance period extends to Dec. 31, 2026, unless terminated earlier in accordance with its terms.

The transaction is an arm's-length transaction and no finders' fees were payable in connection with the transaction.

About Wishpond Technologies Ltd.

Wishpond is a Vancouver-based provider of AI-enabled marketing and sales solutions that help businesses grow more efficiently. The company's vision is to create a fully autonomous AI-enabled platform that streamlines the entire customer acquisition journey, from lead generation and engagement to deal closure, enabling businesses to scale cost-effectively while driving higher conversions. Wishpond offers an all-in-one marketing suite that integrates AI-driven tools such as an AI website builder, AI e-mail automation and SalesCloser AI, a conversational AI-based virtual sales agent that leverages generative AI to conduct personalized sales calls and product demos, increasing efficiency, reducing costs and enhancing customer satisfaction. With a focus on innovation, Wishpond has filed multiple patent applications in conversational AI, reinforcing its leadership in AI-enabled marketing automation. The company serves small to medium-sized businesses across various industries, providing a powerful yet cost-effective alternative to fragmented marketing solutions. Wishpond employs a software-as-a-service (SaaS) business model, generating most of its revenue from subscription-based recurring revenue, which ensures strong revenue predictability and cash flow visibility while continuously expanding its AI capabilities. Wishpond is listed on the TSX Venture Exchange under the ticker WISH and on the OTCQX Best Market under the ticker WPNDF.

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