Latest news with #MYID
Cision Canada
2 days ago
- Business
- Cision Canada
Reklaim Introduces Consumer Ownership Program -- A New Model for Shareholder Participation
Canadians can now redeem points for MYID shares at no cost or dilution, bringing more visibility and retail investor interest to Reklaim TORONTO, June 12, 2025 /CNW/ - Reklaim Ltd. (TSXV: MYID) (OTC: MYIDF) ("Reklaim" or the "Company"), a pioneer in consumer data privacy and monetization, today announced the official launch of Reklaim Invest, a first-of-its-kind program that allows Canadian users of the Reklaim platform to redeem their accumulated points for publicly traded shares in Reklaim (MYID) - offering a new way to invest in a public company using loyalty rewards. This initiative represents a broader strategic shift, one that turns engaged users into long-term shareholders, reduces reliance on paid acquisition, and deepens consumer alignment with the Company's mission. Reklaim is the first company in Canada — and, to our knowledge, the first globally — to offer consumers the ability to convert loyalty points into equity in a publicly listed company. Key Program Features No dilution: All shares issued are offset 1:1 in a separate transaction via Reklaim's TSX-approved share buyback Normal Course Issuer Bid (NCIB) Zero cost: Consumers pay nothing to participate, but must be a Reklaim member Self-custody DRS: Shares issued via the Direct Registration System (DRS) — a secure, non-custodial shareholding method for direct retail investors Regulatory compliance: Shares are subject to a mandatory four-month hold period A New Model for Ownership: Reklaim Invest Reklaim Invest functions similarly to a Dividend Reinvestment Plan (DRIP) — but instead of dividends, Reklaim users passively earn shares in Reklaim (MYID) by redeeming points earned through sharing their data with Fortune 500 brands and agencies. The program is currently available only to Canadian users and is free to participate. The share redemption program has been operating in beta over the past six months, during which Reklaim completed multiple redemption cycles and integrated all required disclosures, regulatory agreements, and electronic signature flows directly within the Reklaim app. The current redemption window is now open and will close on July 1, 2025. The Creation of a Public Market DAO "With Reklaim Invest, we wanted our users and investors to be the same — giving them real equity, real ownership, and real say," said Neil Sweeney, CEO of Reklaim. "While others have tried this in crypto, we believe the public markets are already the best version of that idea. No tokens — just compliance, access, and real stock." "This program shifts the narrative from selling your data to investing in you. It also lays the foundation for Reklaim to evolve into a broader fintech platform, with future offerings. Strategic Value Creation This program expands Reklaim's retail shareholder base, increases user engagement, and reinforces the brand as a privacy-first alternative to traditional data platforms. It introduces a new class of long-term, like-minded investors, many of whom are engaging with Reklaim for the first time. With this launch, the Reklaim user and the Reklaim investor become one and the same: a compounding force that deepens alignment, loyalty, and advocacy. More Ways to Take Control: Reklaim Protect Reklaim Invest builds on the momentum of Reklaim Protect, a new subscription-based privacy service launched two weeks ago that empowers users to reduce their data footprint across the internet. Protect scans data broker networks for personal information, facilitates opt-outs, and monitors the dark web for potential breaches, giving users more visibility and security over how their data is used. Together, Reklaim Invest and Reklaim Protect represent a broader evolution of Reklaim's platform: giving consumers the tools to protect, monetize, or invest in their data on their own terms. About Reklaim Reklaim (TSXV: MYID, OTC: MYIDF) is a pioneer in consumer data privacy and compliant data monetization. Through its mobile app, Reklaim empowers users to take control of their personal data — choosing how it's used, who can access it, and how they benefit. Users can earn rewards, including shares in Reklaim (MYID), for participating in a transparent, privacy-first data economy. For those looking to protect rather than monetize their data, Reklaim offers Reklaim Protect — a subscription service that reduces a user's digital footprint by removing their data from brokers and people-finder sites while actively monitoring the dark web for breaches. To learn more, visit Meta description (max ~155 characters): SOURCE Reklaim Ltd.
Yahoo
2 days ago
- Business
- Yahoo
Reklaim Introduces Consumer Ownership Program -- A New Model for Shareholder Participation
Canadians can now redeem points for MYID shares at no cost or dilution, bringing more visibility and retail investor interest to Reklaim TORONTO, June 12, 2025 /CNW/ - Reklaim Ltd. (TSXV: MYID) (OTC: MYIDF) ("Reklaim" or the "Company"), a pioneer in consumer data privacy and monetization, today announced the official launch of Reklaim Invest, a first-of-its-kind program that allows Canadian users of the Reklaim platform to redeem their accumulated points for publicly traded shares in Reklaim (MYID) - offering a new way to invest in a public company using loyalty rewards. This initiative represents a broader strategic shift, one that turns engaged users into long-term shareholders, reduces reliance on paid acquisition, and deepens consumer alignment with the Company's mission. Reklaim is the first company in Canada — and, to our knowledge, the first globally — to offer consumers the ability to convert loyalty points into equity in a publicly listed company. Key Program Features No dilution: All shares issued are offset 1:1 in a separate transaction via Reklaim's TSX-approved share buyback Normal Course Issuer Bid (NCIB) Zero cost: Consumers pay nothing to participate, but must be a Reklaim member Self-custody DRS: Shares issued via the Direct Registration System (DRS) — a secure, non-custodial shareholding method for direct retail investors Regulatory compliance: Shares are subject to a mandatory four-month hold period A New Model for Ownership: Reklaim Invest Reklaim Invest functions similarly to a Dividend Reinvestment Plan (DRIP) — but instead of dividends, Reklaim users passively earn shares in Reklaim (MYID) by redeeming points earned through sharing their data with Fortune 500 brands and agencies. The program is currently available only to Canadian users and is free to participate. The share redemption program has been operating in beta over the past six months, during which Reklaim completed multiple redemption cycles and integrated all required disclosures, regulatory agreements, and electronic signature flows directly within the Reklaim app. The current redemption window is now open and will close on July 1, 2025. The Creation of a Public Market DAO "With Reklaim Invest, we wanted our users and investors to be the same — giving them real equity, real ownership, and real say," said Neil Sweeney, CEO of Reklaim. "While others have tried this in crypto, we believe the public markets are already the best version of that idea. No tokens — just compliance, access, and real stock." "This program shifts the narrative from selling your data to investing in you. It also lays the foundation for Reklaim to evolve into a broader fintech platform, with future offerings. Strategic Value Creation This program expands Reklaim's retail shareholder base, increases user engagement, and reinforces the brand as a privacy-first alternative to traditional data platforms. It introduces a new class of long-term, like-minded investors, many of whom are engaging with Reklaim for the first time. With this launch, the Reklaim user and the Reklaim investor become one and the same: a compounding force that deepens alignment, loyalty, and advocacy. More Ways to Take Control: Reklaim Protect Reklaim Invest builds on the momentum of Reklaim Protect, a new subscription-based privacy service launched two weeks ago that empowers users to reduce their data footprint across the internet. Protect scans data broker networks for personal information, facilitates opt-outs, and monitors the dark web for potential breaches, giving users more visibility and security over how their data is used. Together, Reklaim Invest and Reklaim Protect represent a broader evolution of Reklaim's platform: giving consumers the tools to protect, monetize, or invest in their data on their own terms. Learn more about Reklaim Invest: Learn more about Reklaim Protect: About Reklaim Reklaim (TSXV: MYID, OTC: MYIDF) is a pioneer in consumer data privacy and compliant data monetization. Through its mobile app, Reklaim empowers users to take control of their personal data — choosing how it's used, who can access it, and how they benefit. Users can earn rewards, including shares in Reklaim (MYID), for participating in a transparent, privacy-first data economy. For those looking to protect rather than monetize their data, Reklaim offers Reklaim Protect — a subscription service that reduces a user's digital footprint by removing their data from brokers and people-finder sites while actively monitoring the dark web for breaches. To learn more, visit Meta description (max ~155 characters): Reklaim launches a first-of-its-kind program, allowing Canadians to redeem points for MYID shares — with no fees, no dilution, and full share ownership. View original content to download multimedia: SOURCE Reklaim Ltd. View original content to download multimedia: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Globe and Mail
22-05-2025
- Business
- Globe and Mail
Reklaim Ltd. Reports Record 73% Revenue Growth in Q1 2025 and Launches Subscription Privacy Service
Reklaim Protect adds high-margin recurring revenue; platform demand drives 94% growth in privacy-compliant data sales NEW YORK , /CNW/ - Reklaim (TSXV: MYID) (OTC: MYIDF), a leader in consumer data privacy and compliant data monetization, today announced its financial results for the three months ended March 31, 2025 . Q1 2025 Financial Highlights "We started 2025 with momentum, achieving record revenue and expanding into new B2B platforms," said Neil Sweeney, CEO of Reklaim. "The demand for privacy-compliant data is accelerating, and Reklaim is uniquely positioned to meet it. With Reklaim Protect, we're expanding our consumer offering and unlocking a new, high-margin recurring revenue stream aligned with our mission to give people control of their data." Monetization and Protection: Reklaim's Dual-Offering Strategy Reklaim now serves both privacy-conscious and data-monetization-minded consumers via its two core offerings: Reklaim Rewards, where users choose to share their data in exchange for compensation from brands and platforms, and Reklaim Protect is a subscription service that enables users to remove their personal information from data brokers and people finder sites and monitor the dark web for exposure. These services enable Reklaim to operate across the full spectrum of the consumer data economy, providing privacy-compliant monetization or privacy-first protection based on user preference. Platform Expansion and Regulatory Tailwinds Reklaim's Q1 growth was supported by expanding integrations with platforms such as The Trade Desk, Google, LiveRamp, and Meta. Platform revenue grew 94% year-over-year, while Deal revenue, driven by broader SSP participation, increased 90%. Identity revenue rose 24% as companies sought compliant solutions to enrich datasets. Reklaim is well-positioned amid tightening data privacy regulations. In 2024, 19 U.S. states updated their privacy laws to mandate consumer inclusion, strengthening demand for Reklaim's user-consented data. As regulators increase enforcement, Reklaim's compliance-first approach makes it a trusted partner for Fortune 500 brands and leading advertising agencies. Cash & Capital Management Reklaim ended the quarter with a cash position of $350,254 . Through targeted debt reduction, the company reduced monthly interest expense by 51%. Reklaim continues to focus on achieving profitability while scaling responsibly. Looking Ahead Reklaim continues to empower consumers to take control of their data while expanding its AI privacy initiatives. Please review Reklaim's MD&A for more details on our market insights and the CEO Quarterly Letter. Additional Corporate Updates Reklaim Invest Reklaim Invest is a limited beta program enabling Canadian users to exchange earned points for equity in Reklaim. Following its April launch, Reklaim issued 5,201 shares to settle $416.08 in consumer redemptions. Pending TSXV approval, an additional 4,422 shares will be issued at $0.08 per share to settle $353.76 . About Reklaim Reklaim navigates the evolving consumer data privacy landscape, offering privacy-compliant data solutions for Fortune 500 brands, platforms, and data companies. Its platform allows individuals to reclaim, control, and monetize their data with complete transparency and consent. To access Reklaim's Q1 2025 MD&A and financial statements, visit: Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will," "may," "should," "anticipate," "expects," and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the closing of the Debt Settlement and TSXV approval of the Debt Settlement, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions in preparing forward-looking information may prove incorrect. Events or circumstances may cause actual results to differ materially from those predicted due to numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Although considered reasonable by management during preparation, such information may prove incorrect, and actual results may differ materially from those anticipated. This cautionary statement expressly qualifies forward-looking statements contained in this news release. The forward-looking statements in this news release are made as of the date of this news release. The Company will only update or revise any included forward-looking statements as expressly required by Canadian securities law. Meta Description: Reklaim reports 73% revenue growth in Q1 2025, fueled by a 94% increase in platform data sales. Launches Reklaim Protect, a subscription privacy service, expanding high-margin consumer revenue.
