American Aires Engages ICP Securities Inc. (ICP) for Automated Market Making Services
American Aires (CSE: WIFI) (OTCQB: AAIRF) has engaged ICP Securities to provide automated market making services. The agreement, starting December 4, 2024, involves ICP's proprietary algorithm, ICP Premium™, to enhance trading access and correct temporary supply-demand imbalances in Aires' shares. ICP will be paid a monthly fee of C$7,500 plus taxes for an initial four-month term, with automatic one-month renewals unless terminated with 30 days notice.
The agreement complies with CSE Exchange policies, with ICP operating as an arm's length party responsible for its own costs in trading Aires' shares. No performance factors, stock options, or additional compensation are included in the engagement.
American Aires (CSE: WIFI) (OTCQB: AAIRF) ha incaricato ICP Securities di fornire servizi di market making automatizzati. L'accordo, che avrà inizio il 4 dicembre 2024, prevede l'utilizzo dell'algoritmo proprietario di ICP, ICP Premium™, per migliorare l'accesso al trading e correggere gli squilibri temporanei tra offerta e domanda delle azioni di Aires. ICP riceverà una commissione mensile di C$7.500 più tasse per un periodo iniziale di quattro mesi, con rinnovi automatici di un mese a meno che non venga terminato con un preavviso di 30 giorni.
L'accordo è conforme alle politiche della CSE, con ICP che opera come parte indipendente responsabile dei propri costi nel trading delle azioni di Aires. Non sono inclusi fattori di performance, opzioni su azioni o compensi aggiuntivi nell'incarico.
American Aires (CSE: WIFI) (OTCQB: AAIRF) ha contratado a ICP Securities para proporcionar servicios de creación de mercado automatizados. El acuerdo, que comenzará el 4 de diciembre de 2024, implica el uso del algoritmo propietario de ICP, ICP Premium™, para mejorar el acceso al comercio y corregir desequilibrios temporales en la oferta y demanda de las acciones de Aires. ICP recibirá una tarifa mensual de C$7,500 más impuestos por un período inicial de cuatro meses, con renovaciones automáticas de un mes, a menos que se termine con un aviso de 30 días.
El acuerdo cumple con las políticas de la CSE, con ICP operando como una entidad independiente responsable de sus propios costos en el comercio de acciones de Aires. No se incluyen factores de rendimiento, opciones sobre acciones ni compensación adicional en el contrato.
American Aires (CSE: WIFI) (OTCQB: AAIRF)가 ICP Securities에 자동화된 시장 조성 서비스를 제공하도록 계약을 체결했습니다. 이 계약은 2024년 12월 4일부터 시작되며, ICP의 독자적인 알고리즘인 ICP Premium™을 활용하여 Aires의 주식 거래 접근성을 향상하고 일시적인 공급-수요 불균형을 수정하는 내용을 포함합니다. ICP는 처음 4개월 동안 매달 C$7,500의 수수료와 세금을 받게 되며, 30일 전에 해지하지 않으면 자동으로 한 달씩 갱신됩니다.
이 계약은 CSE 거래소 정책을 준수하며, ICP는 Aires의 주식을 거래하는 데 있어 자신의 비용을 책임지는 독립적인 당사자로 운영됩니다. 성과 요소, 주식 옵션 또는 추가 보상은 계약에 포함되지 않습니다.
American Aires (CSE: WIFI) (OTCQB: AAIRF) a engagé ICP Securities pour fournir des services de market making automatisés. L'accord, qui débutera le 4 décembre 2024, implique l'utilisation de l'algorithme propriétaire d'ICP, ICP Premium™, pour améliorer l'accès aux transactions et corriger les déséquilibres temporaires entre l'offre et la demande des actions d'Aires. ICP sera payé un frais mensuel de 7 500 C$ plus taxes pour une durée initiale de quatre mois, avec des renouvellements automatiques d'un mois, sauf résiliation avec un préavis de 30 jours.
L'accord est conforme aux politiques de la CSE, ICP fonctionnant en tant que partie indépendante responsable de ses propres coûts dans le trading des actions d'Aires. Aucun facteur de performance, option d'achat d'actions ou compensation supplémentaire n'est inclus dans l'engagement.
American Aires (CSE: WIFI) (OTCQB: AAIRF) hat ICP Securities mit der Bereitstellung automatisierter Market-Making-Dienste beauftragt. Die Vereinbarung, die am 4. Dezember 2024 beginnt, umfasst den proprietären Algorithmus von ICP, ICP Premium™, um den Handelszugang zu verbessern und vorübergehende Angebots-Nachfrage-Ungleichgewichte bei den Aktien von Aires zu korrigieren. ICP erhält eine monatliche Gebühr von C$7.500 zuzüglich Steuern für einen anfänglichen Zeitraum von vier Monaten, mit automatischen einmonatigen Verlängerungen, es sei denn, die Vereinbarung wird mit einer Frist von 30 Tagen gekündigt.
Die Vereinbarung entspricht den Richtlinien der CSE, wobei ICP als unabhängige Partei fungiert, die für ihre eigenen Kosten im Handel mit den Aktien von Aires verantwortlich ist. Es sind keine Leistungsfaktoren, Aktienoptionen oder zusätzliche Entschädigungen in der Vereinbarung enthalten.
- Enhanced market stability and liquidity through automated market making services
- No stock dilution or additional compensation beyond the fixed monthly fee
- Additional monthly expense of C$7,500 plus taxes
- ICP is a CIRO dealer-member providing automated market making & liquidity provision
- ICP's services will mainly correct temporary imbalances in supply/demand of Aires' shares
- Aires' intention is to enhance trading of the Company's shares
Toronto, Ontario--(Newsfile Corp. - December 4, 2024) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) ("Aires" or the "Company"), a pioneer in advanced technology designed to protect against electromagnetic field (EMF) radiation and optimize human health, announces it has engaged the services of ICP Securities Inc. ("ICP") to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the CSE Exchange and other applicable legislation. ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.
American Aires CEO, Josh Bruni, commented: "We're engaging ICP to enable our existing and potential shareholders to have optimum trading access to our common shares. As a publicly traded company, we understand our twin responsibilities of growing the consumer-facing side of our company as well as facilitating the robustness of Aires' public market side. With stock markets being more complex and automated than ever, having ICP in our corner is a proactive and compliant investment in maximizing our participation in those markets."
Ian Clark, CEO of ICP Securities Inc., commented: "We are excited to partner with American Aires Inc., leveraging our ICP Premium™ algorithm to enhance market stability and liquidity, aligning with their vision of innovation and growth."
ICP will be paid a monthly fee of C
About ICP Securities Inc.
ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.
About American Aires Inc.
American Aires Inc. is a Canadian-based nanotechnology company committed to enhancing well-being and environmental safety through science-led innovation, education, and advocacy. The company has developed a proprietary silicon-based resonator that protects against the potentially harmful effects of electromagnetic field (EMF) radiation.* Aires' Lifetune products diffract EMF radiation emitted by consumer electronic devices such as cellphones, computers, baby monitors, and Wi-Fi, including the more powerful and rapidly expanding high-speed 5G networks. Aires is listed on the CSE under the ticker 'WiFi' and on the OTCQB under the symbol 'AAIRF'. Learn more at www.investors.airestech.com.
*Note: Based on the Company's internal and peer-reviewed research studies and clinical trials. For more information please visit https://airestech.com/pages/tech.
On behalf of the board of directors
Company Contact:
Josh Bruni, CEO
Website: www.investors.airestech.com
Email: wifi@airestech.com
Telephone: (415) 707-0102
Investor Relations Contact
Nikhil Thadani
(905) 667-6692
nik@sophiccapital.com
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, future market position, growth, innovations, global impact, business strategy, product adoption, use of proceeds, corporate vision, proposed acquisitions, strategic partnerships, joint ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at www.sedarplus.ca. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The Shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States, or to or for the account or benefit of any person in the United States, absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any common shares in the United States, or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. We seek safe harbour.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232322
FAQ
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