PCOM - PCOM STOCK NEWS

Points.com Inc. (NASDAQ: PCOM) announced final approval from the Ontario Superior Court for a plan of arrangement, where Plusgrade L.P.'s subsidiary will acquire all common shares for US$25.00 each. The transaction is expected to close around June 30, 2022, subject to customary conditions. Points is a leader in loyalty commerce, operating a platform for nearly 60 reward programs globally. The company emphasizes the importance of forward-looking statements and outlines potential risks related to the Arrangement, including financing challenges and impacts from the COVID-19 pandemic.

Points.com Inc. (TSX: PTS, NASDAQ: PCOM) announced that shareholders overwhelmingly approved the Arrangement Resolution for Plusgrade L.P.'s acquisition of Points for US$25.00 per share. Approximately 99.26% of votes were in favor at the special meeting held on June 23, 2022, exceeding the required thresholds. The regulatory conditions are satisfied, and the closing is anticipated around June 30, 2022, pending a Final Order from the Ontario Superior Court on June 27, 2022. Points specializes in loyalty commerce solutions, partnering with over 60 reward programs.

Points.com (NASDAQ: PCOM) received a favorable recommendation from Institutional Shareholder Services (ISS) for its proposed arrangement, where a subsidiary of Plusgrade L.P. will purchase all common shares for US$25.00 each. ISS highlighted the significant premium and favorable market response as key factors for their support. The special shareholder meeting for approval is scheduled for June 23, 2022, and will be conducted virtually. Shareholders are encouraged to review the management proxy circular for additional details regarding the arrangement.

Points.com Inc. (NASDAQ: PCOM) has announced its Board of Directors' unanimous recommendation for shareholders to vote in favor of an arrangement under which a subsidiary of Plusgrade L.P. will acquire all common shares for US$25.00 each. This represents a premium of approximately 45% over the last trading price on May 6, 2022, and about 52% over the 20-day average price. The meeting for shareholder approval is scheduled for June 23, 2022, with an interim court order already granted to proceed with the arrangement.

On May 11, 2022, Points.com Inc. (NASDAQ: PCOM) successfully held its annual general meeting, where all shareholder resolutions were approved. Notably, the reappointment of the Company's directors was confirmed, with significant shareholder support. Key votes included:

• David Adams: 9,054,056 shares for
• Christopher Barnard: 8,481,521 shares for
• Jane Skoblo: 9,162,511 shares for

Additionally, shareholders endorsed the reappointment of KPMG LLP as auditors, with 9,845,068 shares voting in favor.

Points.com reported strong financial results for Q1 2022, achieving a 96% increase in revenue year-over-year to a record $127.4 million and a 108% rise in gross profit to $18.7 million. This marks six consecutive quarters of growth. The company also announced a definitive agreement to be acquired by Plusgrade for approximately $385 million, equating to $25.00 per share, providing shareholders a 52% premium to historical trading levels. The acquisition is set to enhance Points' capabilities in the loyalty industry.

Points.com Inc. (NASDAQ: PCOM) has announced an agreement to be acquired by Plusgrade Parent L.P. for US$25.00 per share, totaling approximately US$385 million. This represents a 52% premium over its 20-day average stock price. The transaction, supported by the company's board, aims to create a global leader in loyalty commerce. Shareholder and regulatory approvals are pending, with a vote scheduled for late June 2022. Points will apply for delisting from TSX and NASDAQ post-transaction, which is anticipated to close in early July 2022.

Points.com Inc. (Nasdaq: PCOM) will hold a conference call on May 11, 2022, at 4:30 p.m. Eastern Time to discuss its financial results for Q1 2022, ending March 31. The company plans to release its financial results prior to the call. Interested participants can join the call using the provided toll-free or international dial-in numbers. A replay will be available post-call until May 25, 2022. Points partners with leading loyalty programs globally and utilizes its Loyalty Commerce Platform to enhance the exchange of loyalty currencies across nearly 60 programs.

Points.com reported a record Q4 2021 revenue of $115.1 million, a 104% increase year-over-year. This growth is attributed to a strong demand recovery in the travel industry and new partnerships, including EVA Air. Gross profit also rose by 101%, marking the fifth consecutive quarter of growth. The company expanded its service footprint by 15% since before the pandemic and is optimistic about continued growth in 2022, despite challenges from the Omicron variant. Full-year revenue increased by 70% to $370 million, demonstrating robust operational momentum.