Incentive Option Re-Pricing December 9, 2022
VANCOUVER, British Columbia, December 9, 2022, (CISION) – NexOptic Technology Corp. (“NexOptic”) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1) announces that its Board of Directors has approved the repricing of a total of 16,830,000 stock options of the Company from original exercise prices ranging from $0.36 per share to $1.00 per share to [$0.10] per common share (collectively, the “Options”). All other terms of the Options will remain the same.
The repricing of the Options is subject to the approval of the TSXV. The repricing of the 9,375,000 stock options held by insiders of the Company is also subject to the approval of disinterested shareholders of the Company at the Company’s next annual general meeting of shareholders, in accordance with the policies of the TSX Venture Exchange. Details regarding the repricing of the Options will be further disclosed in the Company’s information circular for its next annual general meeting.
ALIIS™ in a Nutshell
Engineered for today and beyond, ALIIS™ (All Light Intelligent Imaging Solutions) is a machine-learning AI suite providing significant energy savings, data compression and enhancements to images and videos everywhere from the edge to the cloud. Aliis enables faster shutter speeds, superior resolution and sharpness, reduced image-noise and motion-blur, and enhanced image color and detail. Aliis does all this while reducing media file size, making it ideal for the storage and streaming applications. Additionally, Aliis provides a fundamental “AI for AI” layer that supercharges downstream AI performance.
These patented and patent-pending solutions can be integrated with imaging devices such as smartphones, smart security cameras, Internet of Things (IoT) devices, automotive platforms, medical imaging technologies, DSLR cameras and more.
For more information, visit www.nexoptic.com/aliis
What You Need to Know About NexOptic
NexOptic is an innovative imaging AI company headquartered in Vancouver, Canada with operations in Seoul, South Korea, offering world-leading patented and patent-pending AI solutions for energy savings, data compression and image and video enhancement known as ALIIS™. Aliis is engineered for today and for the metaverse and simultaneously influences the imaging and AI industries. NexOptic is a member of the Qualcomm® Advantage Network, a Preferred Partner in the NVIDIA Partner Network, and a member of the Arm® AI Partner Program. For more information, visit www.nexoptic.com |
