12:11:33 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Legible Inc
Symbol READ
Shares Issued 133,373,250
Close 2024-01-24 C$ 0.115
Market Cap C$ 15,337,924
Recent Sedar Documents

Legible hires Investor Cubed for IR services

2024-01-24 19:45 ET - News Release

Mr. Kaleeg Hainsworth reports

LEGIBLE ENGAGES INVESTOR RELATIONS FIRM INVESTOR CUBED

Legible Inc. has engaged Investor Cubed Inc. to provide investor relations and shareholder communications services in Canada.

The terms of the engagement of Investor Cubed provide for compensation of $7,500 per month. In addition, Investor Cubed has been granted stock options to purchase 800,000 common shares priced at 20 cents per common share. The stock options will vest quarterly, beginning from the effective date and will be governed by the provisions of the company's stock option plan.

"Investor Cubed is excited to begin working with Legible," stated Neil Simon, chief executive officer of Investor Cubed. "The company's years of development and proprietary technology firmly position Legible to be a leader in their sector, and Legible has an experienced management team who we believe will deliver value to the company's shareholders."

Kaleeg Hainsworth, Legible's chief executive officer, commented: "We are very excited to have signed with Investor Cubed. Neil and his team are very experienced and have a large audience of both retail advisers and institutional investors. We believe now is the time to increase our presence and broaden our reach with the Canadian investment community. Legible is focused on driving revenues through our Legible Unbound subscription service that provides access to an extensive catalogue of audiobooks and e-books."

In addition, Legible has extended the closing of the private placement announced by way of a news release dated Dec. 8, 2023, under the same terms and conditions.

About Legible Inc.

Legible is a groundbreaking, mobile-centric global company specializing in e-books and audiobook entertainment, boasting a market opportunity exceeding billions of dollars. Legible's extensive partnerships encompass four of the big five publishers and the world's largest e-book distributor, enabling it to seamlessly deliver over two million e-books and audiobooks, effectively transforming any smart device into a dynamic library and e-bookstore.

At the heart of Legible's innovation lies its LibrarianAI, the world's pioneering AI-powered (artificial intelligence) assistant, enhancing the reading experience. Legible's publishing division is revolutionizing the industry by crafting proprietary AI-enriched multimedia books, setting new standards in literary engagement.

Legible is at the forefront of reshaping the digital publishing landscape, committed to gaining a significant market share by providing innovative 21st-century publishing solutions and enriching global reading experiences.

We seek Safe Harbor.

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