Mr. David Nikzad reports
WEB3 VENTURES ANNOUNCES STOCK OPTION GRANT
Web3 Ventures Inc. has granted 2.3 million stock options to consultants of the company under its equity incentive plan to purchase an aggregate of 2.3 million subordinate voting shares (SVSs) of the company at a price of 19.5 cents per SVS share for a five-year term expiring Dec. 6, 2028. The options will vest over 12 months, with 25 per cent vesting each quarter, subject to a statutory hold period of four months plus a day from issuance in accordance with applicable securities law.
About Web3 Ventures Inc.
Web3 Ventures is a diversified investment company focused on identifying, incubating, accelerating and developing world-class projects and applications for the decentralized Web. Focused on supporting founders and entrepreneurs, Web3 Ventures' core investment pillars are blockchain-based transparency, secured identity, verified communications and gamification, focusing on early-stage, small- and medium-sized enterprises in the burgeoning web 3.0 sector.
We seek Safe Harbor.
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