TORONTO, April 4,
2023 /CNW/ -- Sabio Holdings Inc. (TSXV: SBIO;
OTCQX: SABOF) (the "Company" or "Sabio"), a leading
provider of connected TV ("CTV") and over-the-top
("OTT") advertising platforms validated by performance,
today announced that it will be presenting at the Planet MicroCap
Showcase 2023 at the Horseshoe Hotel & Casino, Las Vegas on April
26th & 27th.
The Planet Microcap Showcase brings together the most
promising companies and the top dealmakers in MicroCap Finance for
three (3) days of company presentations, 1x1 meetings and
educational panels.
Aziz Rahimtoola, Sabio's CEO,
commented, "We look forward to sharing our CTV/OTT growth story
with existing and potential investors, including our record 2022
revenues and third consecutive year of positive Adjusted
EBITDA1."
Sabio will present to attendees on Wednesday, April 26th, and will be
participating in 1X1 meetings on Thursday,
April 27th.
To access the presentation, please use the following
information:
Planet MicroCap Showcase 2023
Date: Wednesday, April 26th, 2023
Time: 1:30 PM Eastern Time
(10:30 AM Pacific Time)
Webcast Link
If you would like to book 1x1 investor meetings with Sabio
Holdings, and to attend the Planet MicroCap Showcase: VEGAS 2023,
please make sure you are registered here:
https://planetmicrocapshowcase.com/signup
1x1 meetings will be scheduled and conducted in person at the
conference venue in LAS VEGAS.
If you can't make the live presentation, all company
presentations "webcasts" will be available directly on the
conference event platform on this link under the tab "Agenda":
https://planetmicrocapshowcase.com/agenda
1 See "Use of Non-IFRS Measures" below
Grant of Incentive and Non-statutory Awards
Sabio also announced the grant of 330,000 incentive and
non-statutory stock options ("Options") and 353,793
restricted stock units ("RSU")(together, the
"Awards") under the Company's Omnibus Equity Incentive Plan
("Plan") to certain directors, officers and employees of the
Company to acquire an aggregate of 683,793 common shares in
the capital of the Company. The Options and RSUs were granted
effective April 04, 2023 ("Grant
Date") and are subject to the terms of the applicable grant
agreements and the requirements of the TSX Venture Exchange
("TSXV"). A summary of the Awards granted is as follows:
- An aggregate of 263,793 RSUs were granted to certain officers
of the Company, with the balance of 90,000 RSUs granted to
employees of the Company. The RSUs vest over three years,
with 33% of the RSUs vesting on the first anniversary of the Grant
Date and the remaining RSUs vesting in eight equal installments
over the next eight quarters.
- An aggregate of 110,000 Options were granted to certain
directors and officers of the Company, with the balance of 220,000
Options granted to employees of the Company. The Options are
granted pursuant to the Plan and grants the holder the right to
purchase one Common Share at a purchase price of $0.99 CAD per Common Share for a period of 10
years from the date of issue. The Options will vest quarterly over
thirty-six months.
About Sabio
Sabio Holdings Inc. (TSXV: SBIO) (OTCQX: SABOF) is one of the
fastest-growing CTV/OTT technology and service providers in the
high-growth ad-supported video-on-demand (VOD) and streaming space.
Its cloud-based CTV/OTT technologies provide publishers with
distribution, monetization, and analytics while delivering ROI
validation for brands and agencies. The Sabio Holdings portfolio is
comprised of: Sabio — our trusted and transparent content
monetization DSP; App Science™ — our cutting edge, non-panel based,
real-time measurement and attribution SAAS platform; and Vidillion
— our cloud-based ad-insertion, and content distribution and
management platform. For more information,
visit: sabioholding.com
About Planet MicroCap
Planet MicroCap is a global multimedia and publishing financial
news investor portal specifically focused on covering the MicroCap
market by providing news, insights, education tools and expert
commentary. We have cultivated an active and engaged community
of folks that are interested in learning about and to stay ahead of
the curve in the MicroCap space.
The Planet MicroCap Showcase 2023 website is available here:
https://planetmicrocapshowcase.com/
Use of Non-IFRS Measures
This press release makes reference to certain non-IFRS
(International Financial Reporting Standards) measures including,
but not limited to, Adjusted EBITDA. These measures do not
have a standardized meaning prescribed by IFRS and therefore they
may not be comparable to similarly titled measures presented by
other companies and should not be considered in isolation nor as a
substitute for analysis of financial information reported under
IFRS. Rather, these non-IFRS measures are provided as
additional information to complement IFRS measures by providing a
further understanding of operations from management's
perspective.
Management uses adjusted earnings before interest, income taxes,
depreciation, and amortization ("Adjusted EBITDA") as a key
financial metric to evaluate Sabio's operating performance as a
complement to results provided in accordance with IFRS. The term
"Adjusted EBITDA", as defined by management, refers to net income
(loss) before adjusting earnings for finance costs, income taxes,
stock-based compensation, amortization, non-recurring items, and
severance costs. Refer to reconciliation to Adjusted EBITDA
in the Company's MD&A for the three and twelve months
ended December 31, 2022, and December 31, 2021, copies of
which can be found under Sabio Holdings Inc.'s profile on SEDAR
at www.sedar.com
Management believes that the items excluded from Adjusted EBITDA
are not connected to and do not represent the operating performance
of Sabio. Management believes that Adjusted EBITDA is useful
supplemental information as it provides an indication of the
results generated by Sabio's main business activities prior to
taking into consideration how those activities are financed and
taxed as well as expenses related to stock-based compensation,
depreciation, amortization, restructuring costs, other expense
(income), and foreign exchange (gain) loss. Accordingly, management
believes that this measure may also be useful to investors in
enhancing their understanding of Sabio's operating performance. It
is a key measure used by Sabio's management and board of directors
to understand and evaluate Sabio's operating performance, to
prepare annual budgets and to help develop operating plans.
This news release shall not constitute an offer to sell or
the solicitation of an offer to buy any securities in any
jurisdiction.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
™ App Science is a trademark or registered trademark of Sabio
Inc. in the United States,
Canada, and other countries.
SOURCE Sabio Holdings Inc.