ARHT Media Announces Appointment of Richard Carl as Executive Chair of the Board and Grants Options and RSUs
19 Januar 2024 - 2:30PM
ARHT Media Inc. ("ARHT" or "the Company") (TSXV: ART), (OTCQB:
ARHTF) the global leader in the development, production and
distribution of high-quality, low latency hologram and digital
content, is pleased to announce the appointment of Richard Carl as
Executive Chair ("Chair") of the Company, effective immediately.
Mr. Carl has served as a member of the board of directors of the
Company (the "Board") since 2020.
“Richard’s significant tenure on the Board, as
well as his experience in private and public companies, including a
wide range of operational, financial and M&A skills will serve
the Company well,” commented Con Steers, ARHT’s current Chair.
Mr. Steers served as Chair for six years and
will continue in his capacity as a director of ARHT. In addition,
he will work with certain channel partners as well as enhancing the
Company’s artificial intelligence offerings.
In conjunction with Mr. Carl’s appointment, the
Company has granted him 500,000 options under the Company's omnibus
long term incentive plan ("LTIP"). Concurrently, the Company also
granted an employee 200,000 options under the LTIP. These options
are exercisable at a price of $0.065 per common share and expire on
January 18, 2029. The options vest in three equal tranches, with
the first tranche vesting on the date of grant, the second tranche
vesting on January 18, 2025, and the third tranche vesting on
January 18, 2026, all subject to a four-month regulatory hold
period. The Company has also granted an aggregate of 584,634
restricted share units ("RSUs") to a contractor pursuant to the
LTIP. The RSUs vest in one year on January 18, 2025, and are also
subject to a four-month hold period.
Following the grant of the options and RSUs, the
Company has an aggregate of 22,500,835 options outstanding and
2,550,121 RSUs outstanding, representing, in aggregate,
approximately 11% of the outstanding common shares of the Company.
The grant of options and RSUs remains subject to TSX Venture
Exchange approval.
About ARHT
ARHT is a pioneer and the global leader in live
hologram technology. Thanks to its patented end-to-end technology,
executives, medical experts, educators, entertainers, and thought
leaders can travel at the speed of light to any destination.
ARHT was founded in 2014 and is publicly traded
on the TSX Venture Exchange. ARHT has offices in North America,
Europe and Asia and operates from its own studios in locations from
Toronto to Singapore, as well as a large network of partner studios
in every region.
Connect with ARHT:
LinkedIn: https://www.linkedin.com/company/arht-tech
Instagram: https://www.instagram.com/arht.tech
Facebook: https://www.facebook.com/arht.tech X, formally known
as Twitter: https://twitter.com/arht_tech
Youtube: https://www.youtube.com/@arht-tech
For more information, please
visit www.arht.tech/about/investors or www.arht.tech.
Alternatively, email us directly
at info@arht.tech.
ARHT trades under the symbol
"ART" on the TSX Venture
Exchange.
Press Inquiries: Kristen Spence
kspence@arht.tech
ARHT Larry O'ReillyChief Executive Officer+1
(416) 844 - 6747 (head office)
This press release may contain "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, but is not
limited to, the intention to exercise convertible securities of the
Company; disclosure related to the Company's sales funnel; the
Company's technology; the potential uses for the Company's
technology; the future planned events using the Company's
technology; the future success of the Company; the ability of the
Company to monetize the ARHT Media technology; the development of
the Company's technology; and interest from parties in ARHT's
products. Generally, forward-looking information can be identified
by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget",
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and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to: general business, economic and competitive
uncertainties; regulatory risks; risks inherent in technology
operations; and other risks of the technology industry. Although
the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
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REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
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