KIRKLAND, QC,
June 29,
2022 /CNW/ - Manitex Capital Inc. ("Manitex")
reported today its financial results for the second quarter ended
April 30, 2022.
Net loss for the quarter was $2,262,459 compared to a net loss of $2,482,495 for the corresponding quarter in 2021.
For the six month period ending April 30,
2022 the net loss was $4,998,528 compared to $3,192,234 for the corresponding period in
2021.
Net book value per share ("NBV") as at April 30,2022 was $0.852 compared to an NBV of $1.254 as at October 31,
2021.
Manitex also announced today that it has issued a total of
200,000 stock options ("Options") to two newly elected directors
under Manitex's incentive stock option plan. All Options expire
five years following the date of their grant with 1/3 vesting
immediately, 1/3 after one year and 1/3 after two years.
About Manitex Capital
Manitex is a diversified
investment company specialized in investing in emerging as well as
established companies and assists in increasing shareholder value.
Manitex currently has 12,661,276 common shares outstanding which
are quoted for trading on the TSX Venture Exchange (TSX:MNX).
Forward Looking Statements
This press release may
contain certain forward-looking information and statements
concerning Manitex's operations, performance and financial
condition, including, in particular, the likelihood of Manitex's
success in developing and expanding its business. These statements
are based upon a number of assumptions and estimates that are
inherently subject to significant uncertainties and contingencies,
many of which are beyond Manitex's control. Actual results may
differ materially from those expressed or implied by such
forward-looking statements.
SOURCE Manitex Capital Inc.