Nextech3D.ai Issues Stock Options
Rhea-AI Summary
Nextech3D.ai (OTCQX:NEXCF), a pioneer in AR and AI technologies since 2018, has announced the issuance of stock options to several key individuals. The company has granted:
- 50,000 two-year stock options to new board member Peter Bloch at $0.07/share
- 250,000 two-year stock options to CFO Anum Wagas at $0.07/share
- 25,000 two-year stock options to board member Anthony Pizzonia at $0.007/share
- 500,000 two-year stock options to consultant Wilson Christopher at $0.07/share
Positive
- None.
Negative
- Stock option grants representing potential dilution of existing shareholders
- Inconsistent strike price ($0.007 vs $0.07) in options issuance may indicate documentation error
News Market Reaction
On the day this news was published, NEXCF declined 17.02%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
TORONTO, ON / ACCESSWIRE / January 10, 2025 / Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS), established in 2018, Nextech3d.ai has been a pioneer in augmented reality (AR) and artificial intelligence (AI) technologies, issues options.
Nextech3d.ai issued Peter Bloch, a successful entrepreneur and new BOD member 50,000 2-year stock options exercisable at .07/share. The company also issued 250,000 2-year .07/share options to Anum Wagas CFO. BOD member Anthony Pizzonia was also issued 25,000 2 year stock options at .007/share. Consultant Wilson Christopher was also issued 500,000 2 year stock options at .07/share.
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For further information, please contact:
Investor Relations Contact
investor.relations@nextechar.com
Nextech3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
About Nextech3D.ai
Nextech3D.ai or the "Company," (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS), is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3D experiences at scale for E-COMMERCE. The Company's primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers with patented 2D-3D technology. Nextech3D.ai has adopted a unique approach to creating shareholder value beyond its operating business of creating 3D models.
The Company also develops or acquires disruptive AI-technologies, which are subsequently spun out to shareholders as standalone public companies. This spin-out strategy allows Nextech3D.ai to issue stock dividends to its shareholders while maintaining significant ownership in the public spin-out, without dilution to the parent company Nextech3D.ai.
Notably, Nextech3D.ai successfully spun out "ARway," (OTCQB:ARWY)(CSE:ARWY)(FSE:E65) its spatial computing platform, as a standalone public company on October 26, 2022. The Company retains a
Similarly, Nextech3D.ai accomplished its second spin-out launching Toggle3D.ai, (OTCQB:TGGLF)(CSE:TGGL)(FSE:Q0C) an AI-powered 3D design studio aimed at competing with Adobe. The Company retains a
Forward-looking Statements
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
SOURCE: Nextech3D.ai
View the original press release on accesswire.com
FAQ
How many stock options did Nextech3D.ai (NEXCF) issue in January 2025?
What is the exercise price of the stock options issued by NEXCF in January 2025?
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