Intel-backed Mark One to gain TSX-V listing via Anchor merger

Canadian capital pool company Anchor Capital Corp (TSX-V: ANC.P) has agreed to combine with Mark One Lifestyle Inc, a San Francisco-based maker of internet-connected lifestyle devices that track food and beverage consumption. The deal, which is expected to include a private placement financing that generates gross proceeds of $10 million to $15 million, will see Anchor renamed Mark One Lifestyle Corp. Founded in Kingston, Ontario in 2007, Mark One has received funding from several venture capital firms, including Intel Capital Corp, Horizons Ventures and Felicis Ventures. Intel led the company's US$4 million seed round earlier in 2016.

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