ARHT Media Inc. Grants Options & RSUs
09 September 2023 - 6:30AM
ARHT Media Inc. ("ARHT" or "the Company") (TSXV: ART), (OTCQB:
ARHTF) the global leader in the development, production and
distribution of high-quality, low latency hologram and digital
content, announced today that it has granted an aggregate of
6,925,000 options to various employees, officers and directors of
the Company under the long-term incentive plan of the Company (the
“
LTIP”). The options are exercisable at a price of
$0.125 per option and expire on the fifth anniversary of the grant
date. The options vest in three equal tranches, with the first
tranche vesting on the date of grant, the second tranche vesting on
the first anniversary of the grant date and the third tranche
vesting on the second anniversary of the grant date. The Company
has also granted an aggregate of 1,965,487 restricted share units
(“
RSUs”) to various employees and officers of the
Company pursuant to the LTIP. Each of the RSUs shall vest on the
first anniversary of the grant date. The options and RSUs are
subject to a four-month hold period.
Following the grant of the stock options and
RSUs, the Company has an aggregate of 19,823,950 stock options
outstanding and 1,965,487 RSUs outstanding representing in
aggregate approximately 10% of the outstanding common shares of the
Company. The grant of options and RSUs remains subject to TSX
Venture Exchange approval.
About ARHT
ARHT is a pioneer and the global leader in live
hologram technology. Thanks to its patented end-to-end technology,
executives, medical experts, educators, entertainers, and thought
leaders can travel at the speed of light to any destination.
ARHT was founded in 2014 and is publicly traded
on the TSX Venture Exchange. ARHT has offices in North America,
Europe and Asia and operates from its own studios in locations from
Toronto to Singapore, as well as a large network of partner studios
in every region.
Connect with
ARHT:LinkedIn: https://www.linkedin.com/company/arht-techInstagram: https://www.instagram.com/arht.techFacebook: https://www.facebook.com/arht.techTwitter: https://twitter.com/arht_techYoutube: https://www.youtube.com/@arht-tech
For more information,
please
visit www.arht.tech/about/investors or www.arht.tech.Alternatively,
email us directly at info@arht.tech.
ARHT trades under the
symbol "ART" on the TSX Venture
Exchange.
Press
Inquiries:Kristen Spencekspence@arht.tech
ARHTHanna AyyadChief
Financial Officer+1 (416)-782-8042 (head office)
This press release may
contain "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking
information includes, but is not limited to, the intention to
exercise convertible securities of the Company; disclosure related
to the Company's sales funnel; the Company's technology; the
potential uses for the Company's technology; the future planned
events using the Company's technology; the future success of the
Company; the ability of the Company to monetize the ARHT Media
technology; the development of the Company's technology; and
interest from parties in ARHT's products. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: general
business, economic and competitive uncertainties; regulatory risks;
risks inherent in technology operations; and other risks of the
technology industry. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
NEITHER THE
TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
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