06:02:19 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Rdars Inc (2)
Symbol RDRS
Shares Issued 17,721,287
Close 2023-10-27 C$ 0.18
Market Cap C$ 3,189,832
Recent Sedar Documents

Rdars cancels options to buy 1.45 million shares

2023-10-27 17:37 ET - News Release

Mr. Charles Zwebner reports

RDARS INC. ANNOUNCES STOCK OPTION CANCELLATIONS

Rdars Inc., effective as of today, has cancelled an aggregate 1.45 million options to purchase common shares of the company, which were previously granted to directors and officers of the company. Management reviewed the company's outstanding options and determined that the options granted to such participants under the company's option plan at an exercise price of $1.00 per common share no longer represented a realistic incentive to motivate such participants.

About Rdars Inc.

Rdars possesses a disruptive technology that is advancing the security industry's approach to protecting commercial, industrial and residential properties by introducing protection with autonomous artificial intelligence systems that allows for real-time response, situation awareness, verification, intervention, evidence recording, data capture, analysis and immediate downstream transmissions to public safety agencies. Rdars has the ability, upon a property security breach, in real time to receive, analyze and downstream the data, and inform public safety agencies who the perpetrators potentially are before they even arrive at the property.

Founded in 2019, Rdars is an originator in its innovative equipment manufacturer of its flagship product, the Eagle Watch platform, comprising of Eagle Eye, a drone, Eagle Nest, a drone station, Eagle Rover, an indoor robotic system, and Eagle Watch command and control software. The company's autonomous robotic systems provide situational awareness in a cost-effective and reliable manner. The company's mission is to improve alarm response and situational awareness by obtaining required approvals from federal regulatory agencies for BVLOS (beyond visual line of sight) operations. Rdars is currently developing its technology for private and enterprise customers in the United States and Canada, where these customers require a more reliable and advanced understanding of their property security.

We seek Safe Harbor.

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