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NextGen Food Robotics announced the grant of 2,527,775 restricted share units (RSUs) to its CEO, Paul Rivas, as part of its equity incentive plan. These RSUs will vest in three equal installments over the next 18 months. The grant is categorized as a 'related party transaction' but is exempt from certain formal valuation and minority approval requirements under Multilateral Instrument 61-101. The company cited urgent business reasons for not filing the material change report 21 days prior to the grant.
NextGen Food Robotics Corp. (NGRBF) plans to file an Amended Interim Management's Discussion and Analysis (MD&A) following a review by the British Columbia Securities Commission. The amended report will provide updated information on the company's operations, revenues, equipment, leased facilities, marketing expenses, and the development of the Lily App. The changes aim to enhance the disclosure in the original MD&A without impacting the company's financial position.