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ImagineAR Issues Stock Options

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ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) has announced the issuance of 750,000 stock options to its CFO and consultants. These options are exercisable at $0.05 per share and have a 3-year expiration period. The company stated that this grant is in accordance with its existing stock option plan. This move may be seen as a way to incentivize key personnel and align their interests with those of the shareholders.

ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) ha annunciato l'emissione di 750.000 opzioni su azioni per il suo CFO e per consulenti. Queste opzioni sono esercitabili a $0,05 per azione e hanno un periodo di scadenza di 3 anni. L'azienda ha dichiarato che questa concessione è conforme al suo piano esistente di opzioni su azioni. Questa mossa può essere vista come un modo per incentivare il personale chiave e allineare i loro interessi con quelli degli azionisti.

ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) ha anunciado la emisión de 750.000 opciones sobre acciones a su CFO y consultores. Estas opciones son ejercitables a $0,05 por acción y tienen un período de expiración de 3 años. La compañía declaró que esta concesión está en línea con su plan existente de opciones sobre acciones. Este movimiento puede verse como una forma de incentivar al personal clave y alinear sus intereses con los de los accionistas.

ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF)는 CFO와 컨설턴트에게 750,000 주식 옵션을 발행했다고 발표했습니다. 이 옵션은 주당 $0.05에 행사 가능하며 3년의 만료 기간을 가집니다. 회사는 이 보상이 기존의 주식 옵션 계획에 따라 이루어진 것이라고 밝혔습니다. 이러한 조치는 핵심 인력을 유인하고 주주의 이익과 그들의 이익을 일치시키는 방법으로 볼 수 있습니다.

ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) a annoncé l'émission de 750.000 options d'achat d'actions à son CFO et à des consultants. Ces options sont exercables à 0,05 $ par action et ont une période d'expiration de 3 ans. L'entreprise a déclaré que cette attribution est conforme à son plan d'options d'achat d'actions existant. Ce mouvement peut être perçu comme un moyen d'incitativer le personnel clé et d'aligner leurs intérêts avec ceux des actionnaires.

ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) hat die Ausgabe von 750.000 Aktienoptionen an seinen CFO und Berater bekannt gegeben. Diese Optionen sind zum Preis von 0,05 $ pro Aktie ausübbar und haben eine Laufzeit von 3 Jahren. Das Unternehmen erklärte, dass diese Vergabe im Einklang mit seinem bestehenden Aktienoptionsplan erfolgt. Dieser Schritt kann als Möglichkeit angesehen werden, Schlüsselpersonal zu motivieren und deren Interessen mit denen der Aktionäre in Einklang zu bringen.

Positive
  • Alignment of interests between key personnel and shareholders through stock options
Negative
  • Potential dilution of existing shareholders' ownership

Vancouver, British Columbia--(Newsfile Corp. - August 20, 2024) - Imagine AR Inc. (CSE: IP) (OTCQB: IPNFF) ("ImagineAR" or "Company") announces that it has granted 750,000 stock options to the CFO and consultants of the Company. The options are exercisable at $0.05 per share for a period of 3 years. The Options have been granted in accordance with the company's stock option plan.

About ImagineAR

Imagine AR Inc. (CSE: IP) (OTCQB: IPNFF) has developed an "AR-as-a-Service" platform that enables sports teams and organizations of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds using ImagineAR. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage with videos, information, advertisements, coupons, 3D holograms and any interactive content, all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The ImagineAR mobile app is available in the IOS and Android mobile app stores. The platform is available as a native mode SDK.

For more information or to explore working with ImagineAR, please email; info@imaginear.com or visit www.imagineAR.com.

All trademarks of the property of respective owners.

ON BEHALF OF THE BOARD
Alen Paul Silverrstieen President & CEO

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Information and Statements

This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward- looking statements contained herein may include, but is not limited to, information concerning the ability of the Company to generate revenues, roll out new programs and to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors.

By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the

following: changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220523

FAQ

How many stock options did ImagineAR (IPNFF) grant on August 20, 2024?

ImagineAR (IPNFF) granted 750,000 stock options on August 20, 2024.

What is the exercise price of the stock options issued by ImagineAR (IPNFF)?

The exercise price of the stock options issued by ImagineAR (IPNFF) is $0.05 per share.

What is the expiration period for the stock options granted by ImagineAR (IPNFF)?

The stock options granted by ImagineAR (IPNFF) have an expiration period of 3 years.

Who received the stock options from ImagineAR (IPNFF)?

The stock options were granted to the CFO and consultants of ImagineAR (IPNFF).

IMAGINEAR INC

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Software - Infrastructure
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United States of America
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