ZTEST Electronics Inc. Commences Stategic Review and Engages Corporate Development Consultant
ZTEST Electronics Inc. (CSE: ZTE) has announced the initiation of a comprehensive strategic review aimed at enhancing shareholder value. The company has engaged RRico Corporate Development Company for a three-month term to explore strategic growth initiatives.
Ron Rieder, President of RRico, who brings over 25 years of experience in corporate development and has raised more than $100 million in various financing forms, has been granted 100,000 stock options. These options have an exercise price of $0.40, expiring in five years, with 50% vesting in three months and the remainder in 6 months, contingent on his continued retention.
ZTEST Electronics Inc. (CSE: ZTE) ha annunciato l'avvio di una revisione strategica completa volta a migliorare il valore per gli azionisti. L'azienda ha incaricato RRico Corporate Development Company per un periodo di tre mesi per esplorare iniziative di crescita strategica.
Ron Rieder, Presidente di RRico, che porta con sé oltre 25 anni di esperienza nello sviluppo aziendale e ha raccolto più di 100 milioni di dollari in varie forme di finanziamento, ha ricevuto 100.000 opzioni su azioni. Queste opzioni hanno un prezzo di esercizio di $0,40, scadendo in cinque anni, con il 50% che matura in tre mesi e il restante in 6 mesi, a condizione del suo mantenimento continuato.
ZTEST Electronics Inc. (CSE: ZTE) ha anunciado el inicio de una revisión estratégica integral destinada a aumentar el valor para los accionistas. La compañía ha contratado a RRico Corporate Development Company por un período de tres meses para explorar iniciativas de crecimiento estratégico.
Ron Rieder, Presidente de RRico, que aporta más de 25 años de experiencia en desarrollo corporativo y ha recaudado más de 100 millones de dólares en diversas formas de financiamiento, ha recibido 100,000 opciones sobre acciones. Estas opciones tienen un precio de ejercicio de $0.40, que expira en cinco años, con el 50% adquirible en tres meses y el resto en 6 meses, condicionado a su permanencia continua.
ZTEST Electronics Inc. (CSE: ZTE)가 주주 가치를 향상시키기 위한 포괄적인 전략 검토를 시작한다고 발표했습니다. 이 회사는 전략적 성장 이니셔티브를 탐색하기 위해 RRico Corporate Development Company와 3개월 계약을 체결했습니다.
RRico의 회장인 론 리더(Ron Rieder)는 기업 개발 분야에서 25년 이상의 경험을 가지고 있으며, 다양한 자금 조달 형태로 1억 달러 이상을 모집한 경험이 있습니다. 그는 100,000주 옵션을 부여받았으며, 이 옵션은 $0.40의 행사 가격을 가지고 있으며, 5년 후에 만료됩니다. 50%는 3개월 후에 행사할 수 있으며 나머지 50%는 6개월 후에 행사할 수 있으며, 그가 계속 근무하는 경우에 한합니다.
ZTEST Electronics Inc. (CSE: ZTE) a annoncé le lancement d'un examen stratégique complet visant à accroître la valeur pour les actionnaires. L'entreprise a engagé RRico Corporate Development Company pour une durée de trois mois afin d'explorer des initiatives de croissance stratégique.
Ron Rieder, président de RRico, qui possède plus de 25 ans d'expérience en développement d'entreprise et a levé plus de 100 millions de dollars sous diverses formes de financement, a reçu 100 000 options d'achat d'actions. Ces options ont un prix d'exercice de 0,40 USD, expirant dans cinq ans, avec 50 % devenant valables dans trois mois et le reste dans six mois, sous condition de son maintien.
ZTEST Electronics Inc. (CSE: ZTE) hat den Beginn einer umfassenden strategischen Überprüfung angekündigt, die darauf abzielt, den Aktionärswert zu steigern. Das Unternehmen hat RRico Corporate Development Company für einen Zeitraum von drei Monaten beauftragt, strategische Wachstumsinitiativen zu erkunden.
Ron Rieder, Präsident von RRico, der über 25 Jahre Erfahrung in der Unternehmensentwicklung verfügt und mehr als 100 Millionen Dollar in verschiedenen Finanzierungsformen beschafft hat, wurde 100.000 Aktienoptionen gewährt. Diese Optionen haben einen Ausübungspreis von 0,40 USD und laufen in fünf Jahren ab, wobei 50 % in drei Monaten und der Rest in sechs Monaten fällig werden, abhängig von seiner weiteren Bindung.
- Initiation of comprehensive strategic review for shareholder value enhancement
- Engagement of experienced corporate development consultant with track record of raising over $100M
- Dilutive effect of 100,000 new stock options issued
NORTH YORK, ON / ACCESS Newswire / January 21, 2025 / ZTEST Electronics Inc. ("ZTEST" or the "Company") (CSE ZTE). The Company's Board of Directors announces it has initiated a comprehensive strategic review to explore and evaluate a broad range of opportunities to enhance shareholder value.
The Company is also pleased to announce that it has engaged RRico Corporate Development Company ("RRico") for an initial term of three months to explore strategic growth initiatives.
Ron Rieder, President of RRico brings more than 25 years experience in creating, assisting and developing both public and private companies. Ron has been involved in public company mergers and acquisitions, corporate development, and investment banking, raising well more than
Ron has been granted 100,000 stock options of the Company. These options have an exercise price of
Steve Smith, CEO commented, "Ron's rich experience and rigorous approach to determining impactful acquisition targets match our drive to shape the future of the Company. I'm confident he will accelerate our ability to identify new opportunities to develop our business."
About ZTEST Electronics Inc.
ZTEST Electronics Inc., through its wholly owned subsidiary Permatech Electronics Corporation ("Permatech"), offers Electronic Manufacturing Services (EMS) to a wide range of customers. Permatech's offering includes Printed Circuit Board (PCB) Assembly, Materials Management and Testing services. Permatech operates from an ISO 9001:2015 certified facility in North York, Ontario, Canada. Permatech is a contract assembler of complex circuit boards, serving customers in the Medical, Power, Computer, Telecommunications, Wireless, Industrial, Trucking, Wearables and Consumer Electronics markets. It specializes in servicing customers who are looking for high yield and require high quality and rapid-turnaround on low and mid-volume production of high complexity products.
For more information contact: Steve Smith, CEO (604) 837-3751 email: steves@ztest.com
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS:
This press release contains forward looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at www.sedarplus.com).
SOURCE: ZTEST Electronics Inc.
View the original press release on ACCESS Newswire
FAQ
What strategic review has ZTEST Electronics (ZTSTF) announced in January 2025?
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