Nextech3D AI Stock Price, News & Analysis

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Nextech AR Solutions Corp (OTCQB: NEXCF) has announced plans to launch the Aritize Metaverse Studio, a SaaS platform allowing users to create personalized metaverse experiences. This platform integrates multiple AR solutions, enhancing interoperability with major metaverse platforms like Meta and Apple. Expected to launch in early Q1 2022, it aims to provide a first-mover advantage in the growing metaverse sector. Currently, over 600 developers use Nextech’s existing ARway Studio, which has begun generating revenue, positioning Nextech to capitalize on the SaaS model.

Nextech AR Solutions Corp (OTCQB: NEXCF) will release its third quarter 2021 financial results before market opening on November 11, 2021. Following this, a conference call will be held at 9:00 a.m. EST featuring CEO Evan Gappelberg and other executives to discuss the financial and operational results. The call can be accessed via toll-free and international dial-in numbers and a webcast link. The company emphasizes its focus on augmented reality platforms, although a significant portion of its revenue comes from e-commerce platforms including vacuumcleanermarket.com and infinitepetlife.com.

Nextech AR Solutions Corp (OTCQB: NEXCF) has successfully completed a private placement, raising approximately CAD $5 million. This involved the issuance of 3,030,304 common shares at CAD $1.65 each, along with warrants to purchase additional shares. The warrants have an exercise price of CAD $1.92 and are valid for three years. The funds will be allocated for working capital and strategic acquisitions. H.C. Wainwright & Co. acted as the exclusive placement agent, earning a CAD $400,000 commission and receiving broker warrants as part of the deal.

Nextech AR Solutions (OTCQB: NEXCF) will present live at VirtualInvestorConferences.com on November 4, 2021, at 9:00 AM ET. Investors can ask questions in real-time during this interactive online event. Those unable to attend can access an archived version later. Pre-registration is recommended for a smoother experience. Recent highlights include partnerships with Asian e-commerce aggregators and technology chosen by the City of London for a metaverse launch.

Nextech AR Solutions Corp. (OTCQB: NEXCF) announced a private placement to raise approximately CAD$5 million by issuing 3,030,304 Common Shares and Warrants. The shares will be sold at CAD$1.65 each, with warrants exercisable at CAD$1.92 for three years. Proceeds will support working capital and strategic acquisitions. The deal is expected to close around November 3, 2021. H.C. Wainwright & Co. is the exclusive placement agent. No securities are offered to Canadian residents.

Nextech AR Solutions Corp (OTCQB: NEXCF) has appointed Stockhouse.com, Canada’s largest financial portal, to enhance its market visibility. Stockhouse attracts over 1 million unique visitors monthly, making it a prominent platform for investors. In exchange for marketing services valued at $130,000, Nextech will issue 69,518 common shares at a price of $1.87 each, subject to a hold period until March 1, 2022. While Nextech primarily develops AR technologies, it generates most revenue through three e-commerce platforms focused on home appliances and supplements.

Datametrex has secured a $950K contract with Samsung, Shinhan Financial Group, and Lotte for their A.I. task automation system, JobMind, aimed at optimizing banking operations. CEO Marshall Gunter provided insights on this partnership, marking a significant business development for the company. Other companies featured include Nextech AR, highlighting its new e-commerce partnerships, i3 Energy PLC with its Q3 updates, and Aquarius AI, which has partnered with Luxor Technology for mining services. These developments are vital for shareholders and market observers.

Nextech AR Solutions Corp is expanding its 3D AR model creation into Asia, the world's largest B2C ecommerce market. Partnering with 13 ecommerce aggregators, it targets approximately 400,000 sites. With the Southeast Asia market projected to reach 380 million online shoppers by 2026, Nextech aims to leverage its Threedy.ai technology to enhance model creation at scale. CEO Evan Gappelberg anticipates significant revenue opportunities from these partnerships, further positioning Nextech in the rapidly growing AR sector for ecommerce.