Nextech3D.AI Corp. Announces Closing of Share Issuance to CEO Evan Gappelberg
Nextech3D.AI (NEXCF) has announced the completion of a share issuance of 21,046,338 common shares to CEO Evan Gappelberg. The shares were issued at CAD$0.065 per share to settle outstanding debt owed to the CEO. The issued shares are subject to a four-month holding period until June 7, 2025, in compliance with securities regulations. This share issuance is part of the company's strategy to align leadership interests with shareholders and promote long-term value creation.
Nextech3D.AI (NEXCF) ha annunciato il completamento di un'emissione di azioni di 21.046.338 azioni ordinarie a favore del CEO Evan Gappelberg. Le azioni sono state emesse a CAD$0,065 per azione per saldare debiti in sospeso verso il CEO. Le azioni emesse sono soggette a un periodo di blocco di quattro mesi fino al 7 giugno 2025, in conformità con le normative sui titoli. Questa emissione di azioni è parte della strategia dell'azienda per allineare gli interessi della leadership con quelli degli azionisti e promuovere la creazione di valore a lungo termine.
Nextech3D.AI (NEXCF) ha anunciado la finalización de una emisión de acciones de 21,046,338 acciones ordinarias al CEO Evan Gappelberg. Las acciones se emitieron a CAD$0.065 por acción para saldar deudas pendientes con el CEO. Las acciones emitidas están sujetas a un período de retención de cuatro meses hasta el 7 de junio de 2025, en cumplimiento con las regulaciones de valores. Esta emisión de acciones es parte de la estrategia de la empresa para alinear los intereses del liderazgo con los de los accionistas y promover la creación de valor a largo plazo.
Nextech3D.AI (NEXCF)는 CEO 에반 가펠버그(Evan Gappelberg)에게 21,046,338주의 보통주 발행이 완료되었음을 발표했습니다. 주식은 CEO에 대한 미결제를 해결하기 위해 주당 CAD$0.065에 발행되었습니다. 발행된 주식은 증권 규정 준수를 위해 4개월의 보유 기간을 두며, 2025년 6월 7일까지 거래할 수 없습니다. 이번 주식 발행은 경영진의 이익을 주주와 일치시키고 장기적인 가치 창출을 촉진하기 위한 회사의 전략의 일환입니다.
Nextech3D.AI (NEXCF) a annoncé l'achèvement d'une émission d'actions de 21 046 338 actions ordinaires au PDG Evan Gappelberg. Les actions ont été émises à CAD$0,065 par action pour régler des dettes envers le PDG. Les actions émises sont soumises à une période de blocage de quatre mois jusqu'au 7 juin 2025, conformément aux réglementations sur les valeurs mobilières. Cette émission d'actions fait partie de la stratégie de l'entreprise visant à aligner les intérêts de la direction avec ceux des actionnaires et à promouvoir la création de valeur à long terme.
Nextech3D.AI (NEXCF) hat den Abschluss einer Aktienemission von 21.046.338 Stammaktien an CEO Evan Gappelberg bekannt gegeben. Die Aktien wurden zu CAD$0,065 pro Aktie ausgegeben, um bestehende Schulden gegenüber dem CEO zu begleichen. Die ausgegebenen Aktien unterliegen einer viermonatigen Sperrfrist bis zum 7. Juni 2025, um den Vorschriften für Wertpapiere zu entsprechen. Diese Aktienemission ist Teil der Unternehmensstrategie, die Interessen der Führung mit denen der Aktionäre in Einklang zu bringen und die langfristige Wertschöpfung zu fördern.
- Debt settlement through equity issuance reduces cash obligations
- Increased management skin in the game through CEO share ownership
- Significant share dilution with 21,046,338 new shares issued
- Low share issuance price of CAD$0.065 indicates weak market valuation
TORONTO, ON / ACCESS Newswire / February 10, 2025 / Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), is pleased to announce the successful closing of the issuance of 21,046,338 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 June 7, 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 Nextech3D.AI Corp.
Nextech3D.AI Corp. is a leading provider of 3D modeling and augmented reality solutions, creating innovative, scalable content for e-commerce, advertising, and beyond. Leveraging cutting-edge artificial intelligence and machine learning technologies, the Company empowers businesses with the tools to enhance customer engagement and drive growth.
About Nextech3D.ai
Nextech3D.ai is a leading AI-powered 3D modeling and augmented reality technology provider, serving e-commerce, advertising, and digital media industries. The company leverages AI to create immersive experiences, revolutionizing how brands engage with customers in the digital space.
For more information, visit Nextech3D.ai.
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For further information, please contact:
Nextech3D.ai
Evan Gappelberg /CEO and Director
866-ARITIZE (274-8493)
About Nextech3D.ai
Nextech3D.ai or the "Company," (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3D experiences at scale for manufacturers with CAD files and for E-COMMERCE merchants. The Company's primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers with patented 2D-3D technology.
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. Nextech 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: Nextech3D.ai
View the original press release on ACCESS Newswire
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