Mr. Dom Mannella reports
TENET COMMON SHARES TO ONCE AGAIN TRADE ON OTCQB IN THE U.S.
Tenet Fintech Group Inc. has begun the process to have its shares once again be listed for trading on the OTCQB exchange in the United States.
U.S.-based investors are currently able to trade Tenet's common shares in limited and restricted fashion through the OTC Market's Pink exchange. The company is looking to return to a period of better liquidity for its U.S. investor base, particularly as it gets closer to making the Cubeler Business Hub available to U.S. small and medium-sized businesses. The listing upgrade to the OTCQB will allow a larger pool of U.S. investors to trade the company's common shares as Tenet makes the U.S. expansion of its service offerings a point of emphasis during the summer of 2026.
Tenet expects the OTCQB listing to be in place prior to the filing of the company's financial results for the second quarter of 2026, which is due by Aug. 31, 2026. The company also has plans to apply to have its securities reinstated for trading on the Nasdaq Capital Market following the filing of those second quarter 2026 financial results.
Granting of incentive stock options
Tenet also announced that, pursuant to its stock option plan, the company granted a total of 14.97 million incentive stock options to certain directors, officers and employees to purchase common shares of the company at a price of 25 cents per shares. The stock options will expire in July, 2031, and will vest over a period of 12 months, with 40 per cent vesting only in the 12th month. The grant marks the first issuance of stock options by the company since 2023.
About Tenet Fintech Group Inc.
Tenet Fintech Group is the parent company of a group of innovative financial technology (fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies, and financial institutions either through or leveraging data gathered by the Cubeler business development platform, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B (business-to-business) transactions among its members.
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