NowVertical Group Announces Second Quarter 2024 Earnings Release Date and Financial Update Webinar and Engagement of Investor Relations Service Provider
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TORONTO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- NowVertical Group Inc. (TSX-V: NOW) (OTCQB: NOWVF) (“NOW” or the “Company”), a leading data analytics and AI solutions company, will announce its 2024 second quarter financial results on Thursday, August 15, 2024, before the market open. This will be followed by a webinar at 10:00 AM EDT (7:00 AM PDT) on Monday, August 19, 2024, to discuss the Company’s financial and business results.
NOW invites shareholders, analysts, investors, media representatives, and other stakeholders to attend our upcoming earnings webinar to discuss Q2 2024 results. Participants will include Sandeep Mendiratta, Chief Executive Officer; Christine Nelson, Interim Chief Financial Officer; and Andre Garber, Chief Development Officer. A live question-and-answer session will follow.
Investor Webinar Registration
Webinar registration information will be provided along with Q2 results on August 15, 2024.
Following the call, a recording of the webinar and supporting materials will be available on the investor’s section of the company’s website at: https://nowvertical.com/news-and-media/
Engagement of Investor Relations Service Provider
NOW is also pleased to announce that it has entered into a capital markets advisory agreement with (the “Agreement”) Sophic Capital Inc. (“Sophic Capital”) to provide investor relations services to the Company. Pursuant to the terms of the Agreement, Sophic Capital will assist the Company in the preparation of an investor communications plan, investor materials, news releases, roadshows and conference calls. The Sophic Capital Agreement is for a term of 12 months, commencing on August 12, 2024. In consideration for Sophic Capital's services, the Company will pay Sophic Capital CAD $8,000 per month and will reimburse Sophic Capital for expenses approved by the Company in advance in writing.
In addition, the Company will grant to Sophic Capital 520,000 incentive stock options (the “Options”), each entitling Sophic Capital to acquire one (1) Class A subordinate voting share of the Company (a “Share”) at an exercise price of CAD $0.23 per share for a period of three (3) years from the date of grant. The options will vest in installments over a twelve (12) month period following the grant of the Options. All Options granted to Sophic Capital will be subject to the terms of the Company’s omnibus long term incentive plan, the terms of any stock option agreement entered into between Sophic Capital and the Company and the rules and policies of the TSX Venture Exchange.
Sophic Capital is a Toronto-based firm that provides capital advisory services for public and private growth companies and is an arm’s length consultant to the Company. To the knowledge of the Company, Sophic and/or its authorized individuals currently hold 95,000 Class A Subordinate Voting Shares and 100,000 Class A Subordinate Voting Share Purchase Warrants in the capital of the Company. Neither the Company nor any of its directors, officers or employees have any interest, directly or indirectly, in Sophic Capital, or their securities, or any right or intent to acquire such an interest.