FLYHT Schedules Second Quarter 2024 Conference Call

Rhea-AI Summary

FLYHT Aerospace Solutions (TSXV:FLY)(OTCQX:FLYLF) has announced a conference call to discuss its Q2 2024 results on August 29, 2024 at 7:30 a.m. MT. The call will feature prepared remarks and a Q&A session with Kent Jacobs, President & Interim CEO, and Alana Forbes, CFO. Participants can join via toll-free numbers in Canada and the U.S. or international dial-in. Questions can be asked during the call or emailed in advance.

Additionally, at the Annual & Special Meeting on June 19, 2024, shareholders approved the 2024 Omnibus Equity Incentive Compensation Plan, replacing the existing stock option plan. This new plan allows for up to 10% of issued and outstanding Common Shares to be reserved for various share-based compensation options, including stock options, RSUs, DSUs, and PSUs. The plan has received TSXV approval and has been implemented.

Positive

• Implementation of new Omnibus Equity Incentive Compensation Plan, potentially improving employee retention and alignment with shareholder interests
• TSXV approval for the new compensation plan, indicating regulatory compliance

Negative

• None.

CALGARY, AB / ACCESSWIRE / August 12, 2024 / FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) (the "Company" or "FLYHT") today announced that it will host a conference call to discuss the results for the second quarter of 2024, the period ended June 30, 2024, on Thursday, August 29, 2024 at 7:30 a.m. MT (9:30 a.m. ET). The conference call will include prepared remarks followed by a question-and-answer session with Kent Jacobs, President & Interim CEO and Alana Forbes, CFO.

To access the conference call by phone within Canada and the U.S., the toll-free number is 1-844-763-8274. Outside Canada and the U.S., dial 1-647-484-8814. Callers should dial in five to ten minutes prior to the scheduled start time. Management will accept questions by telephone and e-mail. Individuals wishing to ask a question during the call can do so by pressing *1. Questions can be emailed in advance or during the conference call to investors@flyht.com.

An archive of the conference call will be posted on the Investor Relations section of FLYHT's website as soon as it is available from the conference call provider.

In addition, at FLYHT's Annual & Special Meeting of Shareholders held on June 19, 2024, shareholders of the Company approved the 2024 Omnibus Equity Incentive Compensation Plan (the "Omnibus Incentive Plan") to replace the existing stock option plan. The Omnibus Incentive Plan is a "rolling up to 10% and fixed up to 10%" share-based compensation plan pursuant to which up to an aggregate of 10% of the Common Shares issued and outstanding may be reserved for issuance under it and any other security-based compensation plans of the Corporation, in the form of stock options, restricted share units ("RSUs"), deferred share units ("DSUs") and performance share units ("PSUs"). A copy of the Omnibus Incentive Plan and further details are included in the Company's management information circular regarding the meeting dated May 29, 2024, and available on SEDAR at www.sedarplus.com. The Omnibus Incentive Plan has received the final approval of the TSXV and has subsequently been implemented.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft certified hardware products, AFIRS™. Solutions include an aircraft satcom/interface device that enables cockpit voice communications, transmission of aircraft data both while inflight via satellite and post-flight via 5G, real-time aircraft state and fleet status analysis, and preventative maintenance solutions. FLYHT's hardware products can also be interfaced with FLYHT's proprietary relative humidity sensors to deliver airborne weather and humidity data in real-time.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. For more information, visit www.flyht.com.

Contact Information:

FLYHT Aerospace Solutions Ltd. Alana Forbes Chief Financial Officer 403.291.7437 investors@flyht.com

FNK IR LLC Matt Chesler, CFA Investor Relations 646.809.2183 mchesler@flyht.com

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

SOURCE: FLYHT Aerospace Solutions Ltd.

View the original press release on accesswire.com

FAQ

When is FLYHT Aerospace Solutions (FLYLF) hosting its Q2 2024 earnings call?

FLYHT Aerospace Solutions (FLYLF) is hosting its Q2 2024 earnings call on Thursday, August 29, 2024 at 7:30 a.m. MT (9:30 a.m. ET).

Who will be presenting during FLYHT's (FLYLF) Q2 2024 earnings call?

Kent Jacobs, President & Interim CEO, and Alana Forbes, CFO, will be presenting during FLYHT's (FLYLF) Q2 2024 earnings call.

What new compensation plan did FLYHT (FLYLF) shareholders approve at the June 19, 2024 meeting?

FLYHT (FLYLF) shareholders approved the 2024 Omnibus Equity Incentive Compensation Plan at the Annual & Special Meeting held on June 19, 2024.

What is the maximum percentage of shares that can be reserved under FLYHT's (FLYLF) new Omnibus Incentive Plan?

Under FLYHT's (FLYLF) new Omnibus Incentive Plan, up to 10% of the Common Shares issued and outstanding may be reserved for issuance under it and any other security-based compensation plans.