NowVertical Completes Debt-to-Equity Conversions
Summary
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.The Subordinate Voting Shares are subject to a statutory hold period of four months plus a day from the issuance date, as per applicable securities regulations.The Company is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Companys AI-Infused first party and third-party technologies. For further details about NowVertical, please 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:Andre Garber, CDOIR@nowvertical.comThis 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 Companys leadership and shareholders, and the associated results of the transactions contemplated in this press release on NowVerticals business, finances and operations. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies, certain of which are unknown. 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 Companys managements discussion and analysis for the year ended December 31, 2024.