Legend Power Announces Issuance of Equity Incentives

Rhea-AI Summary

Legend Power (OTCQB: LPSIF) announced approval to issue 6,750,000 incentive stock options, subject to TSX Venture Exchange acceptance. The Options are non-transferable, subject to vesting, exercisable for five years at $0.12 per option, and allocated to directors, executive officers and employees.

Vancouver, British Columbia--(Newsfile Corp. - March 5, 2026) - Legend Power Systems Inc. (TSXV: LPS) (OTCQB: LPSIF) ("Legend Power" or the "Company"), a global leader in commercial electrical system solutions, has approved, subject to acceptance by the TSX Venture Exchange, the issuance of 6,750,000 incentive stock options (the "Options") to acquire common shares in the capital of Legend Power (each a "Common Share") to directors, executive officers and employees of the Company. The Options are subject to vesting provisions, non-transferable and exercisable for 5 years at $0.12 per Option.

About Legend Power Systems Inc.

Legend Power Systems Inc. (https://legendpower.com/) provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend Power's proven solutions support proactive executive decision-making in a complex and volatile business and energy environment. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend Power's unique solution is also a key contributor to both corporate sustainability efforts and the meeting of utility energy efficiency targets.

For further information, please contact:

Jonathan Lansky, Director
+1 416 417 7664
lansky.j@icloud.com

Sean Peasgood, Investor Relations
+ 1 647 503 1054
sean@sophiccapital.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This Press Release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company's quarterly and annual Management's Discussion & Analysis, which may be viewed on SEDAR+ at www.sedarplus.ca. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results to not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286392

FAQ

What did Legend Power (LPSIF) announce on March 5, 2026 about stock options?

Legend Power approved issuance of 6,750,000 incentive stock options exercisable at $0.12. According to Legend Power, the Options are subject to TSX Venture Exchange acceptance, vesting provisions, non-transferability, and a five-year exercise window for directors, executives and employees.

Who will receive the 6,750,000 options Legend Power (LPSIF) approved?

The Options will be issued to directors, executive officers and employees of the company. According to Legend Power, the awards are intended as incentive compensation and are subject to vesting and exchange acceptance before issuance becomes effective.

What are the exercise price and term for Legend Power (LPSIF) incentive options?

Each option is exercisable at $0.12 per common share for a five-year period. According to Legend Power, the Options are non-transferable and governed by vesting provisions, subject to acceptance by the TSX Venture Exchange.

Do Legend Power (LPSIF) options require exchange approval and are they transferrable?

Yes, issuance is subject to acceptance by the TSX Venture Exchange and the Options are non-transferable. According to Legend Power, the awards also include vesting conditions and a five-year exercise window at $0.12 per Option.