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AirIQ Inc (2)
Symbol IQ
Shares Issued 29,403,574
Close 2024-03-25 C$ 0.375
Market Cap C$ 11,026,340
Recent Sedar Documents

AirIQ grants option to buy 400,000 shares

2024-03-26 11:24 ET - News Release

Mr. Michael Robb reports

AIRIQ ANNOUNCES STOCK OPTION GRANT

Effective March 25, 2024, AirIQ Inc. has granted stock options to the chief revenue officer of the company.

A total of 400,000 options for common shares were granted to Michael Lawless, chief revenue officer of the company, with an exercise price of 42 cents per share.

All terms of the options are in accordance with the company's stock option plan, and the grant is subject to approval of the TSX Venture Exchange.

The company currently has 29,403,574 common shares issued and outstanding. Under the terms of the company's rolling stock option plan, a maximum of 10 per cent of the company's issued and outstanding common shares (currently 2,940,357 shares) are available to be issued pursuant to the exercise of options. Including this grant of 400,000 options, a total of 2.94 million shares have been reserved for issuance pursuant to option grants.

About AirIQ Inc.

AirIQ celebrated the 27th anniversary of its founding in 1997 and is a pioneer in IoT-based (Internet of things) asset management solutions. AirIQ's solutions allow commercial businesses to reliably, effectively and efficiently monitor assets in near real time. The company develops iOS and Android mobile and Web-based applications, and cloud-based solutions that stand alone or that can be readily integrated with existing software. AirIQ solutions are mixed fleet capable and provide fleet reporting, maintenance, compliance, safety and analytics utilizing multiple hardware options, including a fully integrated video telematics camera solution and a battery-powered solution for non-powered assets.

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