Edge Total Intelligence Announces Grant of Stock Options

Rhea-AI Summary

Edge Total Intelligence Inc. (OTC: UNFYF) announced on February 21, 2023, the grant of stock options totaling 1,767,500 common shares to its management, employees, and directors. These options are exercisable at C$1.03 per share for five years, with vesting split into thirds over two years. This plan is subject to the approval of the TSX Venture Exchange. Additionally, edgeTI clarified its partnership with Independent Trading Group (ITG) for market-making services, emphasizing that ITG is utilizing its own funds and shares for executing trades. The company's focus remains on enhancing its real-time digital operations solutions.

Positive

• Grant of 1,767,500 stock options could incentivize management and employees.
• Stock options exercisable at C$1.03 may encourage future investment in the company.

Negative

• None.

Clarification to Market Making Service with ITG

ARLINGTON, Va., Feb. 21, 2023 (GLOBE NEWSWIRE) -- Edge Total Intelligence Inc. (“edgeTI”, “Company”) (TSXV:CTRL; OTC: UNFYF; FSE:Q5i), a leader in real-time digital operations solutions, announces the grant of stock options, an aggregate of 1,767,500 common shares to management, employees, and director of the Company pursuant to the terms of the Company's share-based incentive plan. The options are exercisable at a price of C$1.03 per common share for a period of five years. One third is vested immediately, the second third vests at the first anniversary of the grant, and the remainder vests after the second anniversary of the grant. The options are subject to approval of the TSX Venture Exchange.

edgeTI also wishes to announce and clarify that Independent Trading Group (ITG) in the performance of Market Making Services (announced January 16, 2023) is providing its own funds and shares in the execution of trades.

About edgeTI

edgeTI helps customers sustain situational awareness and accelerate data-driven action with its real-time digital operations software, edgeCore™. Global enterprises, service providers, and governments are more profitable when insight and action are united to deliver fluid composable experiences via the platform's low-code development. With edgeCore, customers improve their margins and agility by rapidly transforming siloed systems and data across evolving, complex situations in business, technology, and cross-domain operations — helping them achieve the impossible.

Traded on: TSXV: CTRL, OTCQB: UNFYF, FSE: Q5i

Website: https://edgeti.com
LinkedIn: www.linkedin.com/company/edgeti
YouTube: www.youtube.com/user/edgetechnologies
Twitter: www.twitter.com/edge_suite

For further Information contact:

Nick Brigman
Phone: 888-771-3343
Email: ir@edgeti.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.

Forward-Looking Information and Statements
Certain statements in this news release are forward-looking statements or information for the purposes of applicable Canadian and US securities law. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the edgeTI, including but not limited to, completion of due diligence by the lender, business, economic and capital market conditions.

Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the edgeTI will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, the impact of viruses and diseases on the Company's ability to operate, competition and general economic, and market or business conditions. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

FAQ

What was announced by Edge Total Intelligence on February 21, 2023?

Edge Total Intelligence announced the grant of stock options totaling 1,767,500 common shares to management, employees, and directors.

What is the exercise price for the stock options granted by edgeTI?

The stock options are exercisable at C$1.03 per common share.

What is the duration of the stock options granted to edgeTI employees?

The stock options are valid for a period of five years.

Who is responsible for the trades executed by ITG in edgeTI's market-making service?

ITG is providing its own funds and shares for executing trades.