Welcome to our dedicated page for Zoomaway Technologies news (Ticker: ZMWYF), a resource for investors and traders seeking the latest updates and insights on Zoomaway Technologies stock.
News for ZoomAway Technologies Inc. (ZMWYF) centers on its role as a hospitality and travel technology company and on significant corporate developments affecting its stock. Company releases describe software solutions designed to enhance the planning and engagement of everyday tourists, with particular emphasis on its flagship 3D mobile travel project, ZoomedOUT.
Investors following ZMWYF news will find updates on strategic direction and corporate structure. Past announcements include a binding letter of intent to acquire an Ontario-based specialty retailer, subsequent disclosure that this transaction would not proceed, and a later proposal to pursue a change of business from a technology issuer to an investment issuer focused on high-growth late-stage private businesses, including pre-IPO opportunities. These items are discussed with clear caveats that completion is subject to approvals and may not occur as proposed.
ZoomAway’s news flow also covers capital markets and financing activity, such as a normal course issuer bid to repurchase shares, non-brokered private placements subscribed by its major shareholder and principal lender, and loan facilities and proposed amendments with AIP Convertible Private Debt Fund LP. Additional releases address trading halts and resumptions on the TSX Venture Exchange in connection with potential changes of business.
Governance-related news includes changes to the board of directors, the appointment and resignation of independent directors, and a change of auditor, along with shareholder meeting results. Readers who monitor this page can review how ZoomAway presents its evolving strategy, financing arrangements and board composition over time, all based on the company’s own public disclosures.
ZoomAway Technologies Inc. (TSXV:ZMA)(OTC PINK:ZMWYF) announced changes to its Board of Directors on January 24, 2025. Jeremy Green has resigned from his position as Board member, while Mark Romano has been appointed as the new independent member of the Board of Directors. CEO Sean Schaeffer expressed gratitude for Green's service, highlighting his exemplary experience and professionalism during his tenure. Schaeffer also welcomed Romano to the Zoomaway Technologies team.
ZoomAway Technologies Inc. announces plans to shift from a technology issuer to an investment issuer on the TSX Venture Exchange. The Board and management seek acquisitions to create value, with a proposal to invest in high-growth late-stage private businesses. AIP Asset Management Inc. proposes the change to an investment issuer, pending shareholder and regulatory approvals. The proposed change involves the creation of 'Access Pre-IPOs', a new entity led by AIP principals. A non-brokered private placement offering, with Oak Hill Asset Management Inc. as lead agent, is planned to raise funds for the new business model. The change will include a consolidation of shares and appointment of new directors and management.
Summary not available.
Summary not available.
ZoomAway Technologies Inc. (OTCQB:ZMWYF) has entered into a binding letter of intent to acquire a privately-held specialty retailer in Ontario as of April 5, 2022. The transaction will lead to a spin-off of its current business, Zoom Tech Inc., focusing on hospitality technology. Trading of ZMWYF shares is halted pending TSXV approval. Completion of the deal is contingent on due diligence, definitive agreements, and necessary approvals. The Company aims to explore further acquisitions to enhance its market position.
ZoomAway Technologies Inc. has appointed Jeremy Green as an independent director, effective immediately, pending TSX Venture Exchange acceptance. Green's extensive experience in North American capital markets and finance will play a crucial role in ZoomAway's strategy for seeking strategic acquisitions. CEO Sean Schaeffer emphasized that Green's expertise in digital banking and customer experience will significantly benefit the company during this transformative period. ZoomAway continues to innovate in the travel technology space, aiming to enhance user experiences.
ZoomAway Technologies Inc. held its annual general and special meeting on December 20, 2021, where shareholders approved key measures. Notably, 99.85% voted to fix the board size at five directors and elect Jay Bala, Alex Kanayev, Sean Schaeffer, Steven Rosenthal, and Mason Shan. MNP LLP was appointed as the auditor with a 99.97% approval. The continuation of the share option plan also received 99.85% support. Approximately 58.95% of shares voted, totaling 9,757,723 shares. Further details are accessible through the Corporation's management information circular.
ZoomAway Technologies Inc. (TSXV:ZMA)(OTCQB:ZMWYF) is enhancing its corporate strategy with a focus on the recovering hospitality sector and strategic acquisitions. CEO Sean Schaeffer expresses optimism about upcoming opportunities as the company prepares for 2022. Despite lingering pandemic effects, hotel demand is nearing pre-pandemic levels. All large group outings are prepaid for next year, indicating a strong recovery. The company is also developing the ZoomedOUT platform and has initiated a new subsidiary, Zoom Tech Inc., to support its acquisition strategy.
ZoomAway Technologies Inc. (TSXV:ZMA, OTCQB:ZMWYF) has announced a change in auditors from Davidson & Company LLP to MNP LLP. The resignation of the former auditor was effective from August 30, 2021, and the new auditor will serve until the next annual general meeting. Notably, there were no reservations in the former auditor's reports for the past two financial years. A Change of Auditor Notice has been filed on SEDAR, and both auditors have confirmed agreement with the statements in the notice.
ZoomAway Technologies Inc. (TSXV:ZMA)(OTCQB:ZMWYF) has received approval from the TSX Venture Exchange to initiate a normal course issuer bid (NCIB) starting June 8, 2021. The company plans to repurchase up to 852,001 common shares, approximately 5% of its total shares, until June 7, 2022, or until the maximum is acquired. The buyback aims to enhance shareholder value, given the belief that market prices do not reflect the company's underlying value. Additionally, ZoomAway has engaged DeCosta Global Media for digital marketing, incurring a monthly fee of $5,000.