18:17:28 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



OneSoft Solutions Inc
Symbol OSS
Shares Issued 122,031,256
Close 2023-09-29 C$ 0.75
Market Cap C$ 91,523,442
Recent Sedar Documents

OneSoft grants stock options, RSUs

2023-09-29 12:17 ET - News Release

Mr. Dwayne Kushniruk reports

ONESOFT SOLUTIONS INC. GRANTS STOCK OPTIONS AND RESTRICTED SHARE UNITS

OneSoft Solutions Inc. has granted stock options and restricted share units (RSUs) in consideration of adjustments to compensation of certain company employees. Pursuant to the company's omnibus equity compensation plan as approved by shareholders, this component of compensation serves to retain and attract employees in a highly competitive work environment, particularly for individuals who have advanced expertise in machine learning and data science. To employees, 1,189,007 stock options were granted, all of which carry a strike price of 75 cents, vest as to one-third on each of their first-, second- and third-year anniversary dates, and expire in five years if not exercised. Additionally, 2,679,000 RSUs, which vest annually over either three or five years, were also granted, including to Brandon Taylor, president and chief operating officer, whose RSUs will vest 200,000 annually in each of the next five years on the anniversary date of the grant. Each vested RSU entitles the grantee to receive one common share in the capital of the company. The RSUs and any common shares issuable upon redemption, will be subject to applicable securities law hold periods.

About OneSoft Solutions Inc.

OneSoft has developed software technology and products that have capability to transition legacy, on-premises licensed software applications to operate on the Microsoft Azure cloud platform. Its business strategy is to seek opportunities to incorporate data science and machine learning (a component of artificial intelligence), business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions.

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