Pursuant to the Company’s press release dated
Following the issuance of the Shares,
With this investment by the Sellers, the Company is in a much better position financially, with an improved balance sheet. In addition, the Sellers have waived their entitlement to interest in respect of the amounts of historical top up and earn out obligations.
Of the Shares issued, 7,835,277 Shares were issued at a price of
All of the Shares issued to the Sellers are subject to a statutory four-month hold period. In addition, 7,835,277 Shares are subject to a contractual hold period expiring on the date that is six months following the date of issuance.
About
The Company is a data analytics and AI solutions company offering comprehensive solutions, software and services. As a global provider, we deliver cutting-edge data, technology, and artificial intelligence (AI) applications to private and public enterprises. Our solutions form the bedrock of modern enterprises, converting data investments into business solutions. NOW is growing organically and through strategic acquisitions. For further details about NOW, please visit www.nowvertical.com.
Neither the
For further information, please contact:
Chief Development Officer
IR@nowvertical.com
Investor Relations and Communications
e: glen.nelson@nowvertical.com
t: (403) 763-9797
Forward-Looking Statements
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (together “forward-looking statements”), including, without limitation regarding the alignment of management and the business unit leaders and the future success of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect the Company’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: timing and receipt of regulatory approvals, adverse market conditions; risks inherent in the data analytics and artificial intelligence sectors in general; regulatory and legislative changes; that future results may vary from historical results; inability to obtain any requisite future financing on suitable terms; any inability to realize the expected benefits and synergies of acquisitions; that market competition may affect the business, results and financial condition of the Company and other risk factors identified in documents filed by the Company under its profile at www.sedarplus.com, including the Company’s managements’ discussion and analysis for the year ended
![](https://ml.globenewswire.com/media/NDM0MTNjYmEtNTYyYy00YmVhLThkYzYtMWIzNTliYmRmNTBkLTEyNTc5MDk=/tiny/NowVertical-Group-Inc.png)
2024 GlobeNewswire, Inc., source