Mr. Evan Gappelberg reports
NEXTECH3D.AI ISSUES STOCK OPTIONS
Nextech3D.AI Corp. has issued options.
Nextech3d.ai issued Peter Bloch, a successful entrepreneur and new BOD (board of directors) member, 50,000 two-year stock options exercisable at seven cents per share. The company also issued 250,000 two-year seven-cent-a-share options to Anum Wagas chief financial officer. BOD member Anthony Pizzonia was also issued 25,000 two-year stock options at seven cents a share. Consultant Wilson Christopher was also issued 500,000 two-year stock options at .07/share.
About Nextech3D.AI Corp.
Nextech3D.AI is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence to craft immersive 3-D experiences at scale for e-commerce. The company's primary focus lies in creating high-quality 3-D WebAR photorealistic models for Amazon and various other on-line retailers with patented 2-D-3-D technology. Nextech3D.AI has adopted a unique approach to creating shareholder value beyond its operating business of creating 3-D models.
The company also develops or acquires disruptive AI technologies, which are subsequently spun out to shareholders as stand-alone public companies. This spinout strategy allows Nextech3D.AI to issue stock dividends to its shareholders while maintaining significant ownership in the public spinout, without dilution to the parent company Nextech3D.AI.
Notably, Nextech3D.AI spun out ARway Corp., its spatial computing platform, as a stand-alone public company on Oct. 26, 2022. The company retains a 49-per-cent stake with 13 million shares in ARway while distributing four million shares to Nextech shareholders.
Similarly, Nextech3D.AI accomplished its second spinout launching Toggle3D.ai Corp., an artificial-intelligence-powered 3-D design studio aimed at competing with Adobe. The company retains a 44-per-cent stake with 13 million shares in Toggle3D.ai.
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