Illumisoft (FUVCF) appointed former 3M growth ventures leader Bill Weber as Chief Strategy Officer, effective October 7, 2026. Weber will work with CEO Ehsan Agahi on corporate strategy, commercial priorities, partnerships and market development as Illumisoft advances SaniLume commercialization and SaniLux technology development.
The board approved 500,000 stock options at an exercise price of $1.12 per common share, vesting in equal installments over 24 months and expiring three years from grant. The grant requires TSX Venture Exchange approval. Graham Ballachey resigned as President and will continue in an advisory capacity.
Illumisoft Lighting (TSXV: UVC, OTCQB: FUVCF) appointed Executive Chairman Ehsan Agahi as Chief Executive Officer effective August 19, 2026, with Agahi retaining his role as Board Chair and assuming direct responsibility for operating priorities and execution. Former CEO Brett Nicholds becomes Senior Strategic Advisor and remains a director.
The leadership change supports priorities including development of the SaniLux 216 nm far UVC platform, commercialization of SaniLume upper-room germicidal UV, expanded R&D, and stronger commercial execution. On the same date, Illumisoft’s shares began trading on the OTCQB Venture Market under ticker FUVCF, while continuing on the TSX Venture Exchange as UVC. The company has applied for full-service DTC eligibility, which is not yet assured.
Illumisoft also entered into shares-for-debt agreements to settle C$413,764.12 of indebtedness, issuing a proposed 646,506 common shares at a deemed price of C$0.64 per share, subject to TSXV acceptance. The debt relates to promissory notes and consulting services, involves arm’s length creditors, and will not create a new control person.