00:14:19 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Newtopia Inc
Symbol NEWU
Shares Issued 173,265,303
Close 2024-03-21 C$ 0.09
Market Cap C$ 15,593,877
Recent Sedar Documents

Newtopia hires ICP Securities as market-maker

2024-03-22 10:25 ET - News Release

Mr. Jeffrey Ruby reports

NEWTOPIA ENGAGES ICP SECURITIES INC. FOR AUTOMATED MARKET MAKING SERVICES

Newtopia Inc. has engaged the services of ICP Securities Inc. to provide automated market-making services, including the use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will receive a fee of $7,500 plus applicable taxes per month, payable monthly in advance. The agreement between the company and ICP is for an initial term of three months and shall be automatically renewed for subsequent one-month terms (each month called an additional term) unless either party provides at least 30 days of written notice prior to the end of the initial term or an additional term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation are being granted in connection with the engagement. ICP and its clients may acquire an interest in the securities of the company in the future.

ICP is an arm's-length party to the company. ICP's market-making activity will be primarily to correct temporary imbalances in the supply and demand of the company's shares. ICP will be responsible for the costs it incurs in buying and selling the company's shares, and no third party will be providing funds or securities for the market-making activities.

About Newtopia Inc.

Newtopia is a personalized whole health platform helping people create positive lifelong habits that prevent, slow or reverse chronic disease while reducing health care costs. The platform leverages genetic, social and behavioural insights to create individualized prevention programs with a focus on metabolic disease, diabetes, mental health challenges, hypertension, weight management and musculoskeletal disorders. With a person-centred approach that combines virtual care, digital tools, connected devices and actionable data science, Newtopia delivers sustainable clinical and financial outcomes. Newtopia serves some of the largest nationwide employers and health plans and is currently listed in Canada on the TSX-V and is quoted in the United States on the OTCQB Venture Market (OTCQB: NEWUF).

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