Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, December 1, 2023

Article Excerpt

THINKIFIC LABS INC., $3.55, symbol THNC on Toronto, provides a software platform to help entrepreneurs and businesses create and sell online courses and other learning products. That includes tools to design and build websites that showcase and sell their courses. Thinkific also has an app store for course creators. Developers can create and sell custom applications through the store. Developers also receive 100% of the revenue earned through the sale of their apps for the first six months before paying fees to Thinkific. Founded in 2012, the company continues to grow its customer base, and it now has more than 34,400 paying customers. On April 27, 2021, Thinkific launched its IPO when it sold 14.2 million shares of its stock at $13 each. The company used some of the $184.6 million in proceeds for expanded sales and marketing initiatives. It also used some of the proceeds to improve the Thinkific platform. The IPO was backed by venture capital group Rhino Ventures. Following the share…