Mr. Steve Saviuk reports
MANITEX CAPITAL INC. RESTATES PREVIOUSLY REPORTED Q1 2020 QUARTERLY FINANCIAL RESULTS AND GRANTS OPTIONS TO CERTAIN DIRECTORS
Manitex Capital Inc. has filed a restatement of its previously reported financial results for Jan. 31, 2020, together with a revised management's discussion and analysis for the quarter. The restatement was required due to an error in the calculation of the deferred tax liability. The restated financial statements and revised MD&A are available on SEDAR.
Grant of options to certain directors
Manitex also announced today that it had issued a total of 200,000 stock options to two independent directors under the company's incentive stock option plan. All options expire five years following their date of grant. One hundred thousand options vest immediately while 100,000 options vest one-third immediately, one-third after one year and one-third after two years.
About Manitex Capital Inc.
Manitex invests in promising emerging companies in diversified sectors, including life sciences, cleantech and sustainable products/technologies. Manitex provides its portfolio companies with specialized corporate finance and advisory services, including corporate strategy, mergers and acquisitions, public markets access, and financing.
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