Arway Corporation Announces Closing of Share Issuance to CEO
Arway (CSE:ARWY)(OTCQB:ARWYF) has announced the completion of a share issuance to CEO Evan Gappelberg. The company issued 3,786,363 common shares at a deemed price of CAD$0.055 per share to settle outstanding debt obligations. The issued shares are subject to a four-month holding period, expiring on June 21, 2025.
The share issuance is part of Arway's strategy to align leadership interests with shareholders and promote long-term value creation. The company, which specializes in spatial computing and augmented reality navigation, aims to incentivize and retain key executive talent through this initiative.
Arway (CSE:ARWY)(OTCQB:ARWYF) ha annunciato il completamento di un'emissione di azioni al CEO Evan Gappelberg. L'azienda ha emesso 3.786.363 azioni ordinarie a un prezzo ritenuto di CAD$0,055 per azione per saldare obbligazioni di debito in sospeso. Le azioni emesse sono soggette a un periodo di blocco di quattro mesi, che scade il 21 giugno 2025.
L'emissione di azioni fa parte della strategia di Arway per allineare gli interessi della leadership con quelli degli azionisti e promuovere la creazione di valore a lungo termine. L'azienda, specializzata in computing spaziale e navigazione in realtà aumentata, mira a incentivare e trattenere talenti esecutivi chiave attraverso questa iniziativa.
Arway (CSE:ARWY)(OTCQB:ARWYF) ha anunciado la finalización de una emisión de acciones al CEO Evan Gappelberg. La compañía emitió 3,786,363 acciones ordinarias a un precio considerado de CAD$0.055 por acción para saldar obligaciones de deuda pendientes. Las acciones emitidas están sujetas a un período de retención de cuatro meses, que expira el 21 de junio de 2025.
La emisión de acciones es parte de la estrategia de Arway para alinear los intereses de la dirección con los de los accionistas y promover la creación de valor a largo plazo. La empresa, que se especializa en computación espacial y navegación en realidad aumentada, busca incentivar y retener talento ejecutivo clave a través de esta iniciativa.
Arway (CSE:ARWY)(OTCQB:ARWYF)는 CEO Evan Gappelberg에게 주식 발행 완료를 발표했습니다. 회사는 미지급 채무를 정산하기 위해 3,786,363주의 보통주를 주당 CAD$0.055의 가격으로 발행했습니다. 발행된 주식은 4개월의 보유 기간이 있으며, 이는 2025년 6월 21일에 만료됩니다.
이번 주식 발행은 Arway의 전략의 일환으로, 리더십의 이해관계를 주주와 일치시키고 장기적인 가치 창출을 촉진하기 위한 것입니다. 공간 컴퓨팅 및 증강 현실 내비게이션을 전문으로 하는 이 회사는 이번 이니셔티브를 통해 주요 경영 인재를 유인하고 유지하는 것을 목표로 하고 있습니다.
Arway (CSE:ARWY)(OTCQB:ARWYF) a annoncé l'achèvement d'une émission d'actions au PDG Evan Gappelberg. L'entreprise a émis 3 786 363 actions ordinaires à un prix jugé de CAD$0,055 par action pour régler des obligations de dette en cours. Les actions émises sont soumises à une période de blocage de quatre mois, qui expire le 21 juin 2025.
L'émission d'actions fait partie de la stratégie d'Arway pour aligner les intérêts de la direction avec ceux des actionnaires et promouvoir la création de valeur à long terme. L'entreprise, spécialisée dans l'informatique spatiale et la navigation en réalité augmentée, vise à inciter et à retenir des talents exécutifs clés grâce à cette initiative.
Arway (CSE:ARWY)(OTCQB:ARWYF) hat den Abschluss einer Aktienemission an CEO Evan Gappelberg bekannt gegeben. Das Unternehmen hat 3.786.363 Stammaktien zu einem angenommenen Preis von CAD$0,055 pro Aktie ausgegeben, um ausstehende Schulden zu begleichen. Die ausgegebenen Aktien unterliegen einer viermonatigen Haltedauer, die am 21. Juni 2025 endet.
Die Aktienemission ist Teil der Strategie von Arway, die Interessen der Führungskräfte mit denen der Aktionäre in Einklang zu bringen und die Schaffung von langfristigem Wert zu fördern. Das Unternehmen, das auf räumliches Rechnen und Navigation in erweiterter Realität spezialisiert ist, zielt darauf ab, Schlüsselpersonen im Management durch diese Initiative zu incentivieren und zu halten.
- Debt settlement through share issuance reduces cash obligations
- Increased management alignment with shareholder interests through equity ownership
- Share issuance results in dilution for existing shareholders
- Low share issuance price of CAD$0.055 indicates potential undervaluation
TORONTO, ON / ACCESS Newswire / February 21, 2025 / Arway Corporation (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65) ("Arway" or the "Company") - ARway.ai, a leader in spatial computing and augmented reality navigation, is pleased to announce the successful closing of the issuance of 3,786,363 common shares to its Chief Executive Officer, Evan Gappelberg, in consideration of outstanding indebtedness owing. The shares were issued at a deemed price of Cdn
The shares issued to Mr. Gappelberg are subject to a four-month holding period in accordance with applicable securities regulations, ending 21 June 2025. This closing marks an important step in the Company's ongoing efforts to incentivize and retain top leadership talent while reinforcing the shared commitment to driving the business forward.
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.
For more information, please visit www.ARway.ai.
To learn more about Map D, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://mapdevents.com
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To learn more about ARway, please follow on Social Media: Twitter, YouTube, Instagram, LinkedIn, and Facebook, and visit our website: www.arway.ai
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
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