- Increases Number of Dividend Shares to Nextech Shareholders by 100% to 3,200,000 Common Shares
-
Nextech Direct Ownership of Shares to Increase
-
Now Pursuing Direct Canadian Securities Exchange (CSE) Listing
TORONTO, ON, Canada – JULY 5, 2022 - Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29) announces today that after further consideration, it has determined to pursue a direct spinout of its ARitize Maps platform through a wholly-owned subsidiary of the Company (“Subco”). The transaction is currently anticipated to proceed by way of plan of arrangement (the “Arrangement”) pursuant to which the ARitize Maps platform and associated assets will be spun out into a new Subco, but will be subject to final tax and legal structuring considerations.