Hapbee Appoints Hasan Shahid to Board of Directors to Strengthen Capital Markets & Strategic Growth Capabilities
Rhea-AI Summary
Hapbee (OTCQB: HAPBF) appointed Hasan Shahid to its Board of Directors effective December 3, 2025, adding a board member with over 25 years of experience in technology, digital transformation and capital markets.
Mr. Shahid is founder and CIO of League Capital and has led ventures including iDream Labs, with early investments listed such as Miner One, Apex Fund, Jurny, Substack, Wefunder and Waterloop. The company said the appointment strengthens capital markets readiness and institutional partnership efforts. The company also announced that Rachid Lassal has stepped down from the board.
Positive
- Appointed Hasan Shahid to board on Dec 3, 2025
- Adds 25+ years of technology and capital markets experience
- Brings founder/CIO experience from League Capital
- Board gains early-stage investing and AI/crypto expertise
Negative
- Board turnover: Rachid Lassal stepped down
News Market Reaction
On the day this news was published, HAPBF declined 16.94%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers in Consumer Electronics were mostly flat with small moves (e.g., SPRS -2.12%, CSIOY +0.01%), while HAPBF moved -11.17%, pointing to stock-specific factors.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 03 | Board appointment | Positive | -16.9% | New director added with deep technology and capital markets background. |
| Dec 01 | Earnings results | Positive | +33.3% | Record profit, higher revenue, subscriber growth, and improved gross margin. |
| Oct 27 | Leadership hires | Positive | -7.7% | New wellness-focused leaders to expand women’s health initiatives. |
| Oct 20 | R&D and financing | Positive | +2.6% | New wellness signals R&D plus non-brokered private placement and director add. |
| Sep 12 | Leadership update | Positive | +0.7% | CFO change, interim CEO role, product leadership hires, and shares-for-debt deal. |
Recent news often led to upside on financial and capital events, while some strategic or management updates coincided with negative price reactions.
Over the last several months, Hapbee reported record Q3 results with net income of $1,431,567 and revenue of $446,897, alongside strong subscription growth and margin improvement. It raised capital via a private placement of 7,425,000 units for CAD$742,500 and used shares-for-debt to preserve cash. Management and board refreshes, including new leadership roles and wellness-focused initiatives, framed a transition toward scaling its digital wellness platform. Today’s board appointment continues this governance and capital-markets-focused evolution.
Market Pulse Summary
The stock dropped -16.9% in the session following this news. A negative reaction despite a seemingly constructive board appointment fits a pattern where some strategic or management news coincided with share price pressure. The company traded below its 200-day moving average before the announcement, and shares had already fallen 67.74% from the 52-week high. Investors may have focused on broader concerns about execution, prior dilutive financings, or governance transitions rather than the incremental benefits of a new director.
Key Terms
hedge fund financial
alternative investments financial
structured finance financial
corporate governance financial
AI-generated analysis. Not financial advice.
Seasoned technologist, investor, and capital markets leader joins Hapbee’s Board
VANCOUVER, British Columbia, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Hapbee Technologies, Inc. (TSXV: HAPB; OTCQB: HAPBF; FWB: HA1) (“Hapbee” or the “Company”) is pleased to announce the appointment of Hasan Shahid to its Board of Directors. Mr. Shahid brings more than 25 years of experience across technology, digital transformation, capital markets, and alternative investments, strengthening the Company’s strategic capabilities as it continues scaling its platform and partnerships.
Hasan Shahid is the Founder and Chief Investment Officer of League Capital, a New York–based hedge fund specializing in technology, artificial intelligence, digital assets, and alternative investment strategies. Under his leadership, League Capital has delivered exceptional performance while serving private clients and family offices.
A seasoned operator and investor, Mr. Shahid has founded and led multiple ventures throughout his career. He launched iDream Labs, an angel investment and incubation platform for disruptive technologies spanning AI, crypto, fintech, and cloud infrastructure. His portfolio includes notable early investments such as:
- Miner One (the first Bitcoin mining initiative launched in space)
- Apex Fund (the first tokenized fund of funds)
- Jurny (AI hospitality management SaaS)
- Substack (subscription-based publishing platform)
- Wefunder (startup crowdfunding marketplace)
- Waterloop (SpaceX Hyperloop competition finalist)
Mr. Shahid holds a Systems Design Engineering degree from the University of Waterloo and dual MBAs from Columbia Business School and London Business School. His experience spans digital transformations, structured finance, corporate governance, and scaling high-growth technology organizations - all valuable competencies for a public company board.
“Hasan’s appointment fills a major strategic capability need for Hapbee, particularly as we expand our capital markets readiness and deepen our pipeline of institutional partnerships,” said Riz Shah, Chairman of Hapbee. “His combination of investment acumen, technology leadership, and experience guiding high-growth organizations will be instrumental as we execute our next phase of growth. We are excited to welcome Hasan to the Board.”
The Company also announces that Rachid Lassal has stepped down from the Board of Directors. The board of Hapbee thanks Mr. Lassal for his service and contributions to the Company and wishes him the very best in his future endeavors.
About Hapbee
Hapbee Technologies, Inc. is a digital wellness company that helps people optimize their sleep, relaxation, mood, and performance using patented ultra-low-frequency technology. Delivered through the Hapbee Neckband, Sleep Pad, and a growing ecosystem of future form factors, Hapbee enables users to choose how they feel — safely, non-invasively, and without chemicals or drugs.
For more information, visit www.hapbee.com.
Forward-Looking Information and Statements
This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the Company’s planned operations, business strategy and developments. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the receipt of applicable regulatory approvals; anticipated product development; consumer confidence; and general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.
Neither TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board of Directors:
Krishna Subramanian – Chief Financial Officer and Director
1 888 841 7086
invest@hapbee.com
For further information, please contact:
Media Contact: Jonathan Sheeri
jon@hapbee.com
T: 1 888-841-7086
www.hapbee.com
FAQ
Who was appointed to the Hapbee board on December 3, 2025 (HAPBF)?
What experience does Hasan Shahid bring to Hapbee (HAPBF)?
How might Hasan Shahid's appointment affect Hapbee's capital markets readiness (HAPBF)?
Which ventures and investments are associated with Hasan Shahid in the Hapbee announcement (HAPBF)?
Did any board members leave Hapbee alongside the new appointment (HAPBF)?
