Nextech3D AI Stock Price, News & Analysis

Nextech AR (CSE:NTAR)(OTCQB:NEXCF) has finalized its private placement and joined the Khronos Group as a contributor member. This consortium focuses on creating advanced standards in 3D, Augmented Reality (AR), Virtual Reality (VR), and Metaverse technologies. CEO Evan Gappelberg discussed the implications of this development, which supports Nextech's growth in the AR industry and enhances its position within the tech community.

Nextech AR Solutions Corp (OTCQB: NEXCF) has successfully completed a private placement, securing approximately CAD $10 million from an institutional investor. The Company issued 8,130,082 common shares and warrants at a price of CAD $1.23 per share. Each warrant allows for the purchase of one share at CAD $1.54 over three years. The funds will be utilized for working capital and corporate purposes. A cash commission of CAD $800,000.07 was paid to H.C. Wainwright & Co., the placement agent.

Nextech AR Solutions Corp (OTCQB: NEXCF) has joined The Khronos® Group as a Contributor member, a consortium designing standards in 3D, AR, and VR technologies. This membership emphasizes Nextech's role as a leader in the metaverse and 3D modeling sectors. Collaborating with other tech firms, Nextech will work on developing guidelines for real-time 3D content distribution across platforms. Their ARitize 3D model factory aims to meet the industry's growing demand for scalable 3D visualizations, positioning the company competitively in the 3D modeling market.

Nextech AR Solutions Corp. (OTCQB: NEXCF) has announced a private placement to raise approximately CAD$10 million through the issuance of 8,130,082 Common Shares and corresponding Warrants. The shares will be priced at CAD$1.23 each, with Warrants allowing the purchase of additional shares at CAD$1.54. The placement, facilitated by H.C. Wainwright & Co., is expected to close around January 25, 2022. Proceeds will be utilized for working capital and general corporate purposes, with no shares sold to Canadian residents.

Nextech AR Solutions Corp (OTCQB: NEXCF) has launched its ARitize 3D SaaS platform to enable businesses to create 3D and AR visualizations easily and affordably. The platform, designed for eCommerce, aims to provide a cost-effective solution for businesses of all sizes, moving from beta to public use. Nextech claims to be the first in the market with this self-service offering, featuring scalable and AI-powered model creation. The company is also integrating with major eCommerce platforms like Shopify and WooCommerce, enhancing its market reach as demand for 3D models grows.

Nextech AR (CSE:NTAR) (OTCQB:NEXCF) has launched ARitize NFT, allowing brands to mint NFTs of their 3D models and human holograms. This innovation enables the showcasing of these NFTs across various Metaverses, including those created with Nextech’s ARitize Maps. CEO Evan Gappelberg discussed the implications of this launch, which positions Nextech at the forefront of NFT integration in augmented reality.

Nextech AR Solutions Corp (OTCQB: NEXCF) has announced that its 3D Model Factory can now mint 3D models into NFTs, which are listed on platforms like Rarible and OpenSea. This development allows brands to showcase their NFTs in the Metaverse using the ARitize Map platform. The company aims to capitalize on the growing NFT market, which generated $23 billion in sales in 2021. Nextech’s offerings include various 3D AR visualizations, and it is currently assisting brands like Pier1 and Kohls in transitioning to digital 3D experiences.

Nextech AR has closed a significant ARitize 3D deal with a multinational e-commerce brand, enhancing its Monthly Recurring Revenue. This deal reflects the rising demand for Nextech's AI and ML powered AR technologies. Meanwhile, Trillion Energy has seen a price increase for its natural gas, now approximately US$13.07/mcf, indicating a strategic focus on its SASB natural gas redevelopment. The Market Herald provides insights into these developments through interviews with the respective CEOs.

Nextech AR Solutions Corp (OTCQB: NEXCF) has closed a significant deal with a multinational e-commerce brand to produce 2,500 3D models using its ARitize 3D technology. This contract is expected to enhance the company's Monthly Recurring Revenue (MRR) and demonstrates the increasing demand for 3D modeling and AR visualization in e-commerce. Nextech's CEO, Evan Gappelberg, highlighted that this contract positions the company for growth in 2022, as it aims to transition 3D models from an optional feature to a necessity in online retail.