CEO Acquires Securities of Toggle3D.Ai Inc.

Rhea-AI Summary

Evan Gappelberg has acquired 2,566,666 common shares of Toggle3D.AI Inc. through a private placement transaction on February 21, 2025. This acquisition represents approximately 6.7% of all issued and outstanding shares of the company.

Prior to the acquisition, Gappelberg held 1,559,718 shares and convertible securities for an additional 750,000 shares, representing about 4.3% of outstanding shares (6.4% if converted). Following the acquisition, he now holds 4,126,384 shares plus the convertible securities, representing approximately 10.8% of outstanding shares (12.5% if converted).

The acquisition was conducted outside stock exchange facilities, and the holdings are managed for investment purposes. The acquirer may increase or decrease their investment position based on market conditions or other factors.

Positive

• CEO significantly increased ownership stake from 4.3% to 10.8% of outstanding shares
• Substantial insider buying of 2,566,666 shares demonstrates management confidence
• Additional convertible securities could increase ownership to 12.5% if exercised

Negative

• Private placement transaction could potentially dilute existing shareholders

TORONTO, ON / ACCESS Newswire / February 21, 2025 / Evan Gappelberg ("Acquiror") announces that he has acquired ownership and control of an aggregate of 2,566,666 common shares ("Subject Shares") of Toggle3D.AI Inc. (the "Company"), effective February 21, 2025 (the "Acquisition"). The Subject Shares were acquired in a private placement transaction (the "Private Placement").

The Acquirer acquired ownership and control of the Subject Shares representing approximately 6.7% of all issued and outstanding common shares of the Company ("Shares") as of February 21, 2025, representing a corresponding increase in the Acquirer's securityholding percentage in the Company.

Immediately before the Acquisition, the Acquirer held an aggregate of 1,559,718 Shares and convertible securities entitling the Acquirer to acquire an additional 750,000 Shares, representing approximately 4.3% of all issued and outstanding Shares (and approximately 6.4% assuming exercise of such convertible securities only). Immediately following the Acquisition, the Acquirer held an aggregate of 4,126,384 Shares and convertible securities entitling the Acquirer to acquire an additional 750,000 Shares, representing approximately 10.8% of all issued and outstanding Shares (or 12.5% assuming exercise of such convertible securities only), as of February 21, 2025.

None of the Subject Shares were acquired through the facilities of any stock exchange. The holdings of securities of the Company by the Acquiror are managed for investment purposes, and the Acquiror and his joint actors could increase or decrease their respective investments in the Company at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor.

Additional Information

A copy of the applicable securities report filed in connection with the matters set forth above may be obtained by contacting: Toggle3D.AI Inc., PO Box 64039, Toronto Rpo Royal Bank Plaza, Toronto, Ontario, M5J 2T6, Tel: 631-655-6733.

For further information, please contact:

Investor Relations Contact
Toggle3D.ai
Evan Gappelberg CEO/Director
866-ARITIZE (274-8493)

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 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. The Company 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: Toggle3D.AI Inc.

View the original press release on ACCESS Newswire

FAQ

How many shares did Toggle3D.AI (TGGLF) CEO acquire in February 2025?

CEO Evan Gappelberg acquired 2,566,666 common shares of Toggle3D.AI through a private placement on February 21, 2025.

What percentage of Toggle3D.AI (TGGLF) does the CEO own after the February 2025 acquisition?

After the acquisition, the CEO owns 10.8% of outstanding shares, or 12.5% if including convertible securities.

How many Toggle3D.AI (TGGLF) shares did the CEO own before the February 2025 acquisition?

Before the acquisition, the CEO held 1,559,718 shares and convertible securities for an additional 750,000 shares, representing 4.3% of outstanding shares (6.4% if converted).

What was the total share position in Toggle3D.AI (TGGLF) after the CEO's February 2025 purchase?

After the acquisition, the CEO held 4,126,384 shares plus convertible securities for an additional 750,000 shares.