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NowVertical Completes Debt-to-Equity Conversions

GlobeNewswire LogoGlobeNewswire13h ago

NowVertical Completes Debt-to-Equity Conversions - GlobeNewswire

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Forward-looking statements are qualified in their entirety by inherent risks and uncertainties, including: adverse market conditions; risks inherent in the data analytics and artificial intelligence sectors in general; regulatory and legislative changes; that future results may vary from historical results; inability to obtain any requisite future financing on suitable terms; any inability to realize the expected benefits and synergies of acquisitions or dispositions; that market competition may affect the business, results and financial condition of the Company and other risk factors identified in documents filed by the Company under its profile at including the Company's management's discussion and analysis for the year ended December 31, 2024.

TORONTO, April 22, 2025 (GLOBE NEWSWIRE) -- NowVertical Group Inc.(TSXV: NOW) ("NowVertical” or the "Company”) announces that, further to its news release dated March 10, 2025, the Company has settled an aggregate of CAD$35,220.62 representing the net amount of certain bonus entitlements owing to certain employees, less applicable statutory withholdings and deductions, through the issuance of an aggregate of 93,917 Class A Subordinate voting shares in the capital of the Company (the "Subordinate Voting Shares”) at a price of C$0.375 per Subordinate Voting Share.

Stefan Eftychioustefan@bristolir.com(905) 326-1888 x60 Forward-Looking Statements This news release contains forward-looking information and forward-looking information within the meaning of applicable Canadian securities laws (together "forward-looking statements”), including, the alignment of the Company’s leadership and shareholders, and the associated results of the transactions contemplated in this press release on NowVertical’s business, finances and operations.

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Article Details

Author / Journalist: NowVertical Group Inc

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 21:30:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 547 words

Reading Time: 4 minutes read

Sentences: 13 lines

Sentence Length: 43 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 28158587

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News Last Updated: 14 hours ago

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