ARway Announces CEO Evan Gappelberg Acquires 3,786,363 Shares of Company Stock
ARway.ai (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65), a leading innovator in augmented reality navigation and AI-powered event solutions, has issued 3,786,363 common shares to CEO Evan Gappelberg at a deemed price of $0.055 per share, totaling $208,250 in satisfaction of outstanding indebtedness. This issuance represents the CEO's decision to receive shares instead of cash salary compensation for the past few years.
The shares will be subject to a four-month and one-day statutory hold period following issuance and require Canadian Securities Exchange approval. The securities have not been registered under the United States Securities Act of 1933 and cannot be offered or sold in the United States without registration or exemption.
ARway.ai (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65), un innovatore leader nelle soluzioni di navigazione in realtà aumentata e nell'evento alimentato da intelligenza artificiale, ha emesso 3.786.363 azioni ordinarie al CEO Evan Gappelberg ad un prezzo ritenuto di $0,055 per azione, per un totale di $208.250 a titolo di pagamento di debiti in sospeso. Questa emissione rappresenta la decisione del CEO di ricevere azioni invece di una retribuzione in contante per gli ultimi anni.
Le azioni saranno soggette a un periodo di blocco statutario di quattro mesi e un giorno dalla data di emissione e richiederanno l'approvazione della Borsa valori canadese. I titoli non sono stati registrati ai sensi del Securities Act degli Stati Uniti del 1933 e non possono essere offerti o venduti negli Stati Uniti senza registrazione o esenzione.
ARway.ai (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65), un líder innovador en navegación de realidad aumentada y soluciones de eventos impulsadas por IA, ha emitido 3,786,363 acciones comunes al CEO Evan Gappelberg a un precio considerado de $0.055 por acción, totalizando $208,250 en satisfacción de deudas pendientes. Esta emisión representa la decisión del CEO de recibir acciones en lugar de una compensación salarial en efectivo durante los últimos años.
Las acciones estarán sujetas a un período de retención legal de cuatro meses y un día después de la emisión y requerirán la aprobación de la Bolsa de Valores de Canadá. Los valores no han sido registrados bajo la Ley de Valores de los Estados Unidos de 1933 y no pueden ser ofrecidos o vendidos en los Estados Unidos sin registro o exención.
ARway.ai (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65)는 증강 현실 내비게이션 및 AI 기반 이벤트 솔루션의 선도적인 혁신 기업으로, CEO Evan Gappelberg에게 3,786,363주의 보통주를 주당 $0.055으로 발행하여 총 $208,250의 미지급 부채를 해결했습니다. 이 발행은 CEO가 지난 몇 년간 현금 급여 대신 주식을 받기로 한 결정입니다.
주식은 발행 후 4개월 1일의 법적 보유 기간이 있으며 캐나다 증권 거래소의 승인이 필요합니다. 이 증권은 1933년 미국 증권법에 따라 등록되지 않았으며 등록 또는 면제 없이 미국에서 제공되거나 판매될 수 없습니다.
ARway.ai (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65), un innovateur de premier plan en navigation en réalité augmentée et solutions d'événements alimentées par IA, a émis 3 786 363 actions ordinaires au PDG Evan Gappelberg à un prix jugé de 0,055 $ par action, totalisant 208 250 $ pour le règlement de créances en cours. Cette émission représente la décision du PDG de recevoir des actions plutôt qu'une rémunération en espèces pour les dernières années.
Les actions seront soumises à une période de blocage légale de quatre mois et un jour après l'émission et nécessiteront l'approbation de la Bourse canadienne. Les titres n'ont pas été enregistrés en vertu de la Loi sur les valeurs mobilières des États-Unis de 1933 et ne peuvent être offerts ou vendus aux États-Unis sans enregistrement ou exemption.
ARway.ai (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65), ein führender Innovator im Bereich Augmented-Reality-Navigation und KI-gestützte Veranstaltungs-lösungen, hat 3.786.363 Stammaktien an CEO Evan Gappelberg zu einem angenommenen Preis von 0,055 $ pro Aktie ausgegeben, was insgesamt 208.250 $ zur Deckung ausstehender Verbindlichkeiten beträgt. Diese Ausgabe stellt die Entscheidung des CEO dar, Aktien anstelle von Barlohnen für die letzten Jahre zu erhalten.
Die Aktien unterliegen nach der Ausgabe einer gesetzlichen Haltedauer von vier Monaten und einem Tag und erfordern die Genehmigung der kanadischen Wertpapierbörse. Die Wertpapiere wurden nicht im Rahmen des Securities Act der Vereinigten Staaten von 1933 registriert und können in den Vereinigten Staaten ohne Registrierung oder Ausnahme nicht angeboten oder verkauft werden.
- CEO demonstrates confidence in company by accepting shares instead of cash compensation
- Company preserves cash by settling $208,250 in salary obligations through share issuance
- Share issuance results in dilution of existing shareholders
- Low share price of $0.055 indicates challenging market conditions
TORONTO, ON / ACCESS Newswire / January 17, 2025 / ARway.ai ("ARway" or the "Company") (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65), a leading innovator in augmented reality navigation (AR) and AI-powered event solutions, has issued the CEO of the Company an aggregate of 3,786,363 common shares ("Shares") at a deemed price of
The Shares will be subject to a statutory hold period expiring on the date which is four months and one day following the date of issuance. The issuance of the Shares remains subject to the approval of the Canadian Securities Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About ARway
ARway is a pioneering platform specializing in augmented reality (AR) and AI-driven solutions for event management, venue navigation, and attendee engagement. As a spinoff of Nextech3D.ai, ARway leverages cutting-edge technology to revolutionize the way events are managed and experienced, delivering seamless, interactive, and personalized solutions for attendees and organizers alike.
About Nextech3D.ai
Nextech3D.ai is a leading AI technology company dedicated to delivering innovative solutions across various industries. With a focus on augmented reality, 3D modeling, and AI-powered tools, Nextech3D.ai is committed to transforming how businesses operate and engage with their audiences.
About MapD
MapD is an intuitive, self-serve event management platform offering a comprehensive suite of tools designed to streamline event planning and execution. With its easy-to-use interface, MapD enables clients to manage floor space sales, exhibitor services, speaker schedules, and attendee communications all in real time. By automating event logistics, simplifying the sales process, and providing opportunities for new revenue streams, MapD empowers event organizers to focus on delivering exceptional experiences. Additionally, MapD's future updates include a native mobile app that will incorporate AR wayfinding features for in-person events or serve as a virtual venue for remote events.
About ARway.ai
ARway.ai is a cutting-edge augmented reality (AR) platform that empowers businesses to create immersive, interactive AR experiences for their customers. With a focus on enhancing real-world interactions through AI-powered AR, ARway provides solutions that bridge the gap between physical and digital environments, helping businesses enhance engagement, optimize space utilization, and drive innovation.
For more information, please visit www.ARway.ai.
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Nextech 3D.ai
On October 26, 2022, ARway.ai. was spun-out from its parent Company, Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS). Nextech retained a control ownership in ARway.ai. with 13 million shares, or a
For further information, please contact:
Investor Relations Contact
investor.relations@arway.ai
ARway.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
Forward-looking Statements
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. ARway.ai will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
SOURCE: ARway Corporation
View the original press release on ACCESS Newswire
FAQ
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