CALGARY,
AB, June 1, 2022 /CNW/ - Katipult
Technology Corp. (TSXV: FUND) ("Katipult" or the
"Company") announces that it has granted stock options (the
"Options") under the Company's stock option plan (the
"Option Plan") to certain officers and employees (the
"Option Recipients").
In aggregate, 1,650,000 Options have been granted, with each
Option representing the right to receive one common share of the
Company upon vesting, exercisable at a price of $0.10. The Options will vest as to ½ on
June 1, 2024 and as to a further ¼ on
each of June 1, 2025 and June 1, 2026. The Options will expire on
June 1, 2027.
These grants represent compensation to the Option Recipients for
their respective service to the Company as officers and employees
of the Company and as an incentive mechanism to foster the interest
of such persons in the success of the Company.
About Katipult
Katipult (www.katipult.com) is a provider of industry leading
and award-winning software infrastructure for powering the exchange
of capital in equity and debt markets. Our cloud-based
platform and solutions digitize investment workflow by eliminating
transaction redundancy, strengthening compliance, delighting
investors, and accelerating deal flow. Katipult provides
unparalleled adaptability for regulatory compliance, asset
structure, business model, and localization requirements.
Cautionary Note Regarding Forward Looking
Statements: Certain disclosure in this release, including
statements regarding the vesting of the Options, constitute
forward-looking statements. In making the forward-looking
statements in this release, the Company has applied certain factors
and assumptions that are based on the Company's current beliefs as
well as assumptions made by and information currently available to
the Company, including, but not limited to Option Recipients
continuing in their service to the Company. Although the
Company considers these assumptions to be reasonable based on
information currently available to it, they may prove to be
incorrect, and the forward-looking statements in this release are
subject to numerous risks, uncertainties and other factors that may
cause future results to differ materially from those expressed or
implied in such forward-looking statements. Readers are
cautioned not to place undue reliance on forward-looking
statements. The Company does not intend, and expressly
disclaims any intention or obligation to, update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by law.
Neither 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.
SOURCE Katipult Technology Corp.
