Announcement • Feb 17
Sonasoft Announces Intention to Voluntarily Delist from OTCQB Market Sonasoft Corporation announced its intent to voluntarily delist from the OTC Markets Group OTCQB market, forfeit its SSFT ticker symbol, and revert to being a private entity. Prior to taking this decision, Sonasoft's Board ofDirectors faithfully exercised its fiduciary responsibility to weigh the potential benefits and risks of these actions. The board saw significantly more benefits than drawbacks, including anticipated material cost savings, a significant reduction in managerial burden and the potential to more effectively attract equity capital as a private entity. After determining each director was acting independently, the Board of Directors unanimously resolved that it was in the best interest of the Company and its shareholders to take such action. The Company advises its shareholders that, after the delisting, its common stock will no longer trade on the OTCQB market, but may be quoted on the OTC Pink market, also operated by OTC Markets Group. However, the Company can provide no assurances that any broker-dealer will continue to make a market in its common stock or that trading levels, liquidity, or quotation prices will be maintained. The Company also cautions its shareholders that trading on the OTC Pink market may be subject to limited availability of information, reduced transparency, and greater volatility. CEO and Board Chairman Mike Khanna stated, The Board has taken these actions unanimously in the firm conviction that doing so is in the best interests of all of our shareholders. In the current economic environment, we believe that the company will have better prospects for long-term growth and capital raising in the context of operating as a private entity. We also anticipate a material reduction in economic and administrative burden to result. This privatization and delisting will take full effect upon the completion of the FINRA and OTC notification process, which will commence on Thursday February 16th, 2023. Shares in the company will continue to trade on the OTCQB until this notification process is completed. Announcement • Oct 14
Michael W. Dyer completed the acquisition of Cornerstone Technologies, LLC from Sonasoft Corporation (OTCPK:SSFT) for $0.73 million. Michael W. Dyer entered into an agreement to acquire Cornerstone Technologies, LLC from Sonasoft Corporation (OTCPK:SSFT) for $0.73 million on October 1, 2022. In an all-cash transaction, the consideration was made up of a $250,000 payment upon closing and additional payments related to working capital adjustments and certain tax credit receivables to follow within 60 days of closing. The proceeds will allow Sonasoft to double down on delivering AI solutions for our core markets. Gina Austin of Austin Legal Group, APC acted as legal advisor to Cornerstone Technologies, LLC. Michael Violanti of Law Offices of Michael Violanti acted as legal advisor to Michael W. Dyer.
Michael W. Dyer completed the acquisition of Cornerstone Technologies, LLC from Sonasoft Corporation (OTCPK:SSFT) on October 9, 2022. Announcement • Jul 14
Sonasoft Corp. Appoints Rajiv Kaushik as New Senior Vice President of Product Sonasoft Corp. announced that Rajiv Kaushik has joined the company as Senior Vice President of Product. Rajiv brings a huge amount of experience to Sonasoft having worked at major companies including Boston Scientific, FIS, and Wells Fargo. 
