Realbotix Engages ICP Securities for Market Making Services

Rhea-AI Summary

Realbotix, a leading developer of humanoid robotics and AI, has engaged ICP Securities to provide market making services starting June 7, 2024. The agreement, which is subject to review by the TSX Venture Exchange, involves a monthly fee of C$7,500 plus taxes for an initial term of three months. ICP will use its proprietary algorithm, ICP Premium™, to correct temporary imbalances in the supply and demand of Realbotix's shares. There are no performance factors, stock options, or additional compensation involved. ICP is an arm's length party to Realbotix and will bear the costs of buying and selling shares.

Positive

• Realbotix engaged ICP Securities, a specialized firm, for market making services.
• Market making to start on June 7, 2024, ensuring immediate action.
• Monthly fee of C$7,500 plus taxes for an initial three-month term is financially manageable.
• Utilization of ICP Premium™ algorithm could improve liquidity and share price stability.
• No stock options or additional compensation involved, reducing shareholder dilution.

Negative

• Agreement subject to TSX Venture Exchange review and acceptance, posing regulatory risk.
• Short initial term of three months may not be sufficient for long-term impact.
• No performance factors in the agreement might lack incentive for optimal performance.
• Potential conflicts as ICP and its clients may acquire an interest in Realbotix's securities.

TORONTO--(BUSINESS WIRE)-- Tokens.com Corp.* (TSX-V: XBOT | Frankfurt Stock Exchange: 76M | OTC: XBOTF) (d/b/a “Realbotix” or the “Company”), a leading creator of humanoid robotics and relationship-based AI, has engaged the services of ICP Securities Inc. ("ICP") in a contract dated June 7, 2024, to provide market making services beginning on June 7, 2024, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. The market maker agreement is subject to TSX Venture Exchange review and acceptance.

ICP will receive a fee of C$7,500 plus applicable taxes per month, payable monthly in advance. The agreement between the Company and ICP is for an initial term of three (3) months. There are no performance factors contained in the agreement and no stock options or other compensation are being granted in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.

ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities.

About Realbotix*
Realbotix is focused on creating customizable, human-like robots with AI integration. With manufacturing facilities in Nevada, Realbotix operates in a niche part of the massive robotics and AI sectors that has limited competition.

Our robots have human-like appearance and movements. Our proprietary AI is developed specifically for human companionship. Our strength is the integration of companionship-AI and robotics to improve the human condition through connection, learning and play.

Realbotix also owns 15.3% of StoryFire Inc., an inventory of cryptocurrencies and several crypto-related domain names.

* As previously disclosed, the Company intends to effect a legal name change to Realbotix Corp. following the approval by shareholders of a name change resolution at the upcoming Annual General Meeting July 9th. Until the finalization of such name change, all regulatory filings will continue to occur under the Company’s current legal name, Tokens.com Corp.

Visit www.Tokens.com to learn more.

Keep up-to-date on Realbotix.AI developments and join our online communities on Twitter, LinkedIn, and YouTube.

About ICP Securities Inc.
ICP Securities Inc. (ICP) is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20240611615343/en/

Realbotix Corp.

Andrew Kiguel, CEO

Email: contact@realbotix.ai

Jennifer Karkula, Head of Communications

Email: contact@realbotix.ai

Telephone: 647-578-7490

Source: Tokens.com Corp.

FAQ

What services is Realbotix engaging ICP Securities for?

Realbotix has engaged ICP Securities for market making services starting June 7, 2024.

What is the monthly fee ICP Securities will receive from Realbotix?

ICP Securities will receive a monthly fee of C$7,500 plus applicable taxes.

When will ICP Securities begin providing market making services for Realbotix?

ICP Securities will start providing market making services on June 7, 2024.

What algorithm will ICP Securities use for market making for Realbotix?

ICP Securities will use its proprietary ICP Premium™ algorithm.

Are there any performance factors or stock options included in Realbotix's agreement with ICP Securities?

No, there are no performance factors or stock options included in the agreement.