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Nextech3D.AI Corp
Symbol NTAR
Shares Issued 143,552,618
Close 2025-02-06 C$ 0.055
Market Cap C$ 7,895,394
Recent Sedar Documents

Nextech3D.AI CEO Gappelberg acquires 21.04 M shares

2025-02-07 14:05 ET - News Release

Mr. Evan Gappelberg reports

CEO EVAN GAPPELBERG ACQUIRES SECURITIES OF NEXTECH3D.AI CORP.

Nextech3D.AI Corp. chief executive officer Evan Gappelberg has acquired ownership and control of an aggregate of 21,046,338 common shares of Nextech3D.AI, effective Feb. 7, 2025. The subject shares were acquired in a private placement transaction.

The acquiror acquired ownership and control of the subject shares representing approximately 11.5 per cent of all issued and outstanding common shares of the company as of Feb. 7, 2025, representing a corresponding increase in the acquiror's securityholding percentage in the company.

Immediately before the acquisition, the acquiror and his joint actors held an aggregate of 10,672,461 shares and convertible securities entitling the acquiror to acquire an additional 1.25 million shares, representing approximately 6.5 per cent of all issued and outstanding shares (and approximately 7.2 per cent assuming exercise of such convertible securities only), of which the acquiror held 7,404,438 shares and convertible securities entitling the acquiror to acquire an additional 1.25 million shares (representing approximately 4.5 per cent of all issued and outstanding shares and approximately 5.2 per cent assuming exercise of such convertible securities only), and his joint actors held 3,268,023 shares (representing approximately 2 per cent of all issued and outstanding shares). Immediately following the acquisition, the acquiror and his joint actors held an aggregate of 31,718,799 shares and convertible securities entitling the acquiror to acquire an additional 1.25 million shares, representing approximately 17.3 per cent of all issued and outstanding shares (or 17.9 per cent assuming exercise of such convertible securities only), of which the acquiror held 28,450,776 shares and convertible securities entitling the acquiror to acquire an additional 1.25 million shares (representing approximately 15.6 per cent of all issued and outstanding shares and approximately 16.1 per cent assuming exercise of such convertible securities only), and his joint actors held 3,268,023 shares (representing approximately 1.8 per cent of all issued and outstanding shares), in each case as of Feb. 7, 2025.

None of the subject shares were acquired through the facilities of any stock exchange. The holdings of securities of the company by the acquiror are managed for investment purposes, and the acquiror and his joint actors could increase or decrease their respective investments in the company at any time or continue to maintain their current investment position, depending on market conditions or any other relevant factor.

Additional information

A copy of the applicable securities report filed in connection with the matters set forth above may be obtained by contacting Nextech3D.AI, P.O. Box 64039, Toronto RPO, Royal Bank Plaza, Toronto, Ont., M5J 2T6.

About Nextech3D.AI Corp.

Nextech3D.AI is a versatile augmented reality and AI (artificial intelligence) technology company that utilizes its proprietary AI to craft immersive 3-D experiences at scale for manufacturers with CAD files and for e-commerce merchants. 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-to-3-D technology.

We seek Safe Harbor.

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