NowVertical Group Announces Grant of Stock Options
July 05 2023 - 8:00AM
NowVertical Group Inc. (
TSXV: NOW) (
OTCQB:
NOWVF) ("
NOW" or
the
"Company"), the vertical intelligence
(“
VI”) software and solutions company, today
announced that it has granted to employees and directors of the
Company a total of 1,639,000 options ("
Options")
to acquire Class A subordinate voting shares of the Company. An
aggregate of 214,000 Options of which were granted to the
independent directors of the Company, with an exercise price of
$0.31, with 134,000 vesting immediately on the date of grant date
and 80,000 of which vest over a 12-month period in equal monthly
installments. 1,425,000 of the Options were granted to senior
officers of the Company, with an exercise price of $0.31, of which
500,000 vest on the date of grant, 225,000 of which vest over a
12-month period in equal monthly installments and 700,000 of which
vest over four years in equal monthly installments after a one-year
cliff period. The Options expire 10 years after the date of grant.
About NowVertical Group
Inc.
NowVertical Group is a Vertical Intelligence
(VI) software and services provider that delivers
vertically-specific data, technology, and artificial intelligence
(AI) applications into private and public verticals globally. NOW's
proprietary solutions sit at the foundation of the modern
enterprise by transforming AI investments into VI, enabling its
customers to minimize their risk, accelerate the time to value, and
reduce costs. NOW is rapidly growing organically and through
targeted acquisitions. For more information about NOW, visit
www.nowvertical.com.
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.
For further information, please contact:
Glen Nelson, Investor Relationse: glen@nowvertical.comt: (403)
763-9797
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