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To: Goose94 who wrote (100857)	4/8/2021 9:25:40 AM
From: Goose94	Read Replies (1) \| Respond to of 203085

NexTech AR Solutions (NTAR-Cse) Closes $14 Million Bought Deal Public Offering of Units Apr 8, '21 - NR NexTech AR Solutions is pleased to announce the closing of its bought-deal short-form prospectus offering pursuant to which the Company issued 2,801,500 units of the Company (the “Units”) at a price of $5.00 per Unit and 100,000 common share purchase warrants, as partial exercise of the over-allotment option, for aggregate gross proceeds to the Company of approximately $14 million (the “Offering”). The Offering was led by Research Capital Corporation (formerly Mackie Research Capital Corporation) as the sole underwriter and sole bookrunner (the “Underwriter”). Each Unit consists of one common share of the Company (each a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole Common Share purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $6.00 at any time until April 8, 2023, subject to an accelerated expiry if the volume-weighted average price of the Common Shares on the Neo Exchange Inc. (the “Exchange”) (or such other stock exchange where the majority of the trading volume occurs) exceeds $10.00 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. (Vancouver time) on the ??30th day following the giving of notice unless exercised by the holders prior to such date. The net proceeds raised under the Offering will be used for working capital and other purposes as described in the final short form prospectus of the Company dated March 31, 2021 prepared in connection with the Offering. This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities laws. Accordingly, the securities may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws. About NexTech AR NexTech is a provider of augmented reality (“AR”) solutions and operates multiple businesses. The ?Company’s stated business is to sell AR services and acquire and operate businesses to use as a test-bed ?for areas of AR or virtual reality that the Company feels are growth industries. With this in mind, the Company has acquired ?ecommerce and events businesses to use as test-beds for innovation of its AR technologies and has ?integrated AR into the following three e-Commerce platforms: 1. vacuumcleanermarket.com (“VCM”): A ?vacuum cleaner retailer focused on high-end residential vacuums, supplies and parts, and small home ?appliances, which is operated through a retail location and online sales channels; 2. infinitepetlife.com ??(“IPL”): A health food supplement for animals, which is operated through online sales channels; and 3. ? Trulyfesupplements.com (“TruLyfe”): A health supplement online store. VCM, IPL and TruLyfe are owned ?by the Company’s wholly owned subsidiary AR Ecommerce LLC. AR Ecommerce LLC sells products directly ?to customers through vacuumcleanermarket.com, infinitepetlife.com and Trulyfesupplements.com, as ?well as certain sales channels such as Amazon.com, Walmart.com and eBay, where it pays a marketplace ?fee. The majority of the Company’s revenues are derived from VCM and product sales of Miele, Dyson ?vacuums, supplies and parts, and small home appliances for brands such as KitchenAid, Cuisinart and ?others sold on Amazon.? NexTech’s AR solutions business provides customers with critical functionality needed to provide three-?dimensional (“3D”) AR immersive experiences as opposed to experiences in two dimensional formats. ?NexTech’s solutions have the potential to be used across many verticals and are currently being utilized ?by the company in e-commerce, virtual events (events held in a digital format or physically in-person), ?learning and training, digital advertising and entertainment. NexTech’s AR product and service offerings ?allow its customers to deliver livestreamed or pre-recorded human holograms or product holograms as ?well as photo-realistic, volumetric 3D AR at scale for mass adoption. The Company has three AR applications; Aritize for immersive AR experiences, AiRShow for human holograms with livestreaming ?capabilities, and ARitize360 for capture and creation of 3D product objects on a smartphone.? To learn more, please follow us on Twitter , YouTube , Instagram , LinkedIn , and Facebook , or visit our website: cts.businesswire.com. On behalf of the Board of NexTech AR Solutions Corp. *“ Evan Gappelberg* ” CEO and Director**