Zoomd Technologies Announces Grant of Options and RSUs
Rhea-AI Summary
Zoomd Technologies (OTC: ZMDTF, TSXV: ZOMD) granted an aggregate of 1,275,000 stock options and 1,250,000 restricted share units under its Omnibus Equity Incentive Plan to certain directors, officers, employees and consultants. The grants vest quarterly over 36 months.
Each option carries an exercise price of C$0.53 per share, equal to the TSXV closing price on the board approval date, and expires on July 9, 2036. According to Zoomd, this first broad-based equity grant since 2021 is intended to align stakeholders’ interests, support long-term growth, and help attract and retain key talent.
Positive
- 1,275,000 stock options and 1,250,000 RSUs granted as long-term incentives
- Options priced at market with C$0.53 exercise price at grant approval date
- First broad-based equity grant since 2021 to support retention and alignment
Negative
- Equity awards totaling 2,525,000 instruments may increase future share dilution
News Market Reaction – ZMDTF
In the Jul 16 session, ZMDTF gained 2.99%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ABOUT ZOOMD
Zoomd (TSXV: ZOMD) (OTC: ZMDTF), established in 2012 and listed on the TSX Venture Exchange since September 2019, provides an innovative mobile app user-acquisition platform that integrates with numerous global digital media outlets. This platform presents a unified view of multiple media sources, thereby serving as a comprehensive user acquisition control center for advertisers. It streamlines campaign management through a single point of contact, simplifying customer acquisition efforts. The consolidation of media sources onto one platform enables Zoomd to offer advertisers substantial savings by reducing the need for disparate data source integration, enhancing data collection and insights, and minimizing resource expenditure.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
DISCLAIMER IN REGARD TO FORWARD-LOOKING STATEMENTS
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, Zoomd's future outlook, the benefits to be obtained by Zoomd as a result of the grant of the incentives, the ability to attract and retain talent and the overall future success of the Company. Forward-looking statements are based on our current assumptions, estimates, expectations and projections that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, technological, legal, privacy matters, political and social uncertainties (including military conflicts, trade wars, and the implementation of tariffs), the extent and duration of which are uncertain at this time on Zoomd's business, and general economic and business conditions and markets. There can be no assurance that any of the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by law.
The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.
FOR FURTHER INFORMATION PLEASE CONTACT:
Amit Bohensky
Chairman
Zoomd
ir@zoomd.com
Investor Relations:
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
ZOMD@lythampartners.com
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SOURCE Zoomd Technologies Ltd.