Cloud DX Grants Stock Options

Rhea-AI Summary

Cloud DX (TSXV:CDX)(OTCQB:CDXFF), a North American leader in Virtual Care, has granted 565,363 stock options to consultants and employees as part of a compensation and retention program. The options, with an exercise price of $0.35, will expire on February 15, 2027. Of these, 44,632 options were for company officers. A total of 4,538,490 stock options are now outstanding, with 431,730 Common Shares available for future issuance. Cloud DX aims to improve healthcare delivery through its Connected Health™ platform, recognized with multiple awards.

Positive

• Stock option grants may enhance employee retention and motivation.
• Cloud DX's Connected Health™ platform has received multiple prestigious awards, increasing credibility.

Negative

• None.

KITCHENER, ON / ACCESSWIRE / February 16, 2022 / Cloud DX (TSXV:CDX)(OTCQB:CDXFF), Cloud DX, ("the Company" or "Cloud DX) a leading North American Virtual Care platform provider, announces that an aggregate of 565,363 stock options were granted to consultants to, and employees of the Company as part of an overall compensation and staff retention program. 44,632 of these stock options were granted to officers of the Company. Each stock option entitles the holder thereof to purchase one common share in the capital of the Company (a "Common Share") at an exercise price of $0.35 per Common Share and expires on February 15, 2027. Under the terms of the Company's Stock Option Plan (the "Plan"), 515,363 stock options will vest in equal installments on an annual basis over three years and 50,000 stock options granted to a consultant will vest in equal installments every 3 months over 1 year. Following these grants, the Company has a total of 4,538,490 stock options outstanding and 431,730 Common Shares remain available for future issuance under the Plan.

About Cloud DX

Accelerating virtual healthcare, Cloud DX is on a mission to make healthcare better for everyone. Our Connected Health ^TM remote patient monitoring platform is used by healthcare enterprises and care teams across North America to virtually manage chronic disease, enable aging in place, and deliver hospital-quality post-surgical care in the home. Our partners achieve better healthcare and patient outcomes, reduce the need for hospitalization or re-admission, and reduce healthcare delivery costs through more efficient use of resources. Cloud DX is the co-winner of the Qualcomm Tricorder XPRIZE, a 2021 Edison Award winner, a Fast Company "World Changing Idea" finalist, and one of "Canada's Ten Most Prominent Telehealth Providers." In 2021, Cloud DX became an exclusive partner of Medtronic Canada.

Cloud DX Investor Site https://ir.clouddx.com/overview/default.aspx

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Social Links

Twitter https://twitter.com/CloudDX
Facebook https://www.facebook.com/clouddxinc/
LinkedIn https://www.linkedin.com/company/cloud-dx/
Instagram https://www.instagram.com/cloud.dx/

For media inquiries please contact:

Janine Scott
Marketing Lead
888-543-0944
janine.scott@CloudDX.com

For investor inquiries please contact:

Jay Bedard
Cloud DX Investor Relations
647-881-8418
jay.bedard@CloudDX.com

SOURCE: Cloud DX Inc.

View source version on accesswire.com:
https://www.accesswire.com/689226/Cloud-DX-Grants-Stock-Options

FAQ

What is the stock option grant announcement by Cloud DX on February 16, 2022?

On February 16, 2022, Cloud DX announced the granting of 565,363 stock options to consultants and employees as part of a compensation and staff retention program.

How many stock options were granted to officers of Cloud DX?

A total of 44,632 stock options were granted to officers of Cloud DX.

What is the exercise price for the stock options granted by Cloud DX?

The exercise price for the stock options granted by Cloud DX is $0.35 per Common Share.

What will happen to the stock options granted by Cloud DX on February 15, 2027?

The stock options granted by Cloud DX will expire on February 15, 2027.

What is the total number of stock options outstanding after the grant by Cloud DX?

After the grant, Cloud DX has a total of 4,538,490 stock options outstanding.