To: Goose94 who wrote (88443 ) 8/20/2020 10:38:04 AM From: Goose94 Read Replies (1) | Respond to NexTech AR Solutions (NTAR-Cse) Closing of $13.2 Million Prospectus Offering of UnitsUnits ”) at a price of $6.50 per Unit for gross proceeds of $13,227,500 (the “Offering ”). The Offering was led by Mackie Research Capital Corporation as sole agent and sole bookrunner (the “Agent ”). Common Share ”) and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant being a “Warrant ”). Each Warrant is exercisable into one common share”) at a price of $8.00 for a period of 24 months following the closing of the Offering, subject to an accelerated expiry if the volume-weighted average price of the Common Shares on the Canadian Securities Exchange (the “Exchange ”) (or such other stock exchange where the majority of the trading volume occurs) exceeds $11.00 for 15 consecutive trading days. At any time after such an occurrence, the Company may give written notice (via news release) to the holders of the Warrants that the Warrants will expire at 4:00 p.m. (Pacific Standard Time) on the 30th day following the giving of notice unless exercised by the holders prior to such date. Over-Allotment Option ”) to cover over-allotments and for market stabilization purposes, exercisable in whole or in part at the sole discretion of the Agent, at any time up to 30 days from the closing of the Offering, to increase the size of the Offering by up to 15% of the number of Units (and/or the components thereof) sold pursuant to the Offering, on the same terms and conditions of the Offering.U.S. Securities Act ”) or any state securities laws. Accordingly, the securities may not be offered or sold in the United States (as such term is defined in Regulation S under the U.S. Securities Act) or to, or for the account or benefit of, a U.S. person (as such term is defined in Regulation S under the U.S. Securities Act) except pursuant to transactions exempt from registration under the U.S. Securities Act and under the securities laws of any applicable state. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities in the United States. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.About NexTech AR Solutions The Company is pursuing four verticals in AR. ARitize™ For eCommerce : The Company launched its technologically advanced webAR for eCommerce early in 2019. Its current customers include Walther Arms, Wright Brothers, Mr. Steak, and Budweiser. NexTech has the first ‘full funnel’ end-to-end eCommerce solution for the AR industry including its 3D product capture, 3D ads for Facebook and Google, ‘Try it on’ technology for online apparel, 3D and 360-degree product views, and ‘one click buy’.ARitize™ 3D/AR Advertising Platform : The Company launched this advertising platform in the first quarter of 2020. The ad platform will be the industry's first end-to-end solution whereby the Company will leverage its 3D asset creation into 3D, 360, AR ads.InfernoAR : InfernoAR is a SaaS video platform that integrates interactive video, artificial intelligence and augmented reality in one secure platform to allow enterprises the ability to create virtual event management and learning experiences. InfernoAR has automated closed captions in over 64 languages.ARitize™ Hollywood Studios: https://www.nextechar.com For further information, please contact: Evan Gappelberg info@nextechar.com
