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AnalytixInsight Grants Equity Compensation Awards to New Advisors

Businesswire ·  Nov 19 07:13

TORONTO--(BUSINESS WIRE)--AnalytixInsight Inc. ("AnalytixInsight", or the "Company") (TSX-V: ALY; OTCQB: ATIXF) is pleased to announce that, subject to regulatory approval, it has granted 1,600,000 restricted share units (the "RSUs") and 1,050,000 stock options (the "Options") to certain advisors of the Company to strengthen its advisory team, in accordance with the Company's restricted share unit compensation plan and stock option plan, respectively. The Options vest immediately and the RSUs vest 12 months from the date of the grant. The Options may be exercised at a price of $0.10 per Option for a period of five years from the date of grant. The common shares underlying the RSUs and Options are subject to a four-month and a day hold period in accordance with the policies of the TSX Venture Exchange (the "Exchange").



Some of the Options and RSUs were granted to John Ballow, Valisha Graves & Richard Greco who were brought on as Strategic Advisors to assist the Company with strategy and business development.

  • John Ballow is rejoining the team, having been the original founder, investor, and CEO of CapitalCube before it was acquired and reformed into AnalytixInsight in July 2013.
    Natalie Hirsch, Interim CEO, stated: "As the original innovator behind CapitalCube, John has always had a passion for fundamental analysis and research with a focus on generating efficiency across traditional investment analysis. John's deep knowledge of the product and his extensive network, formed over 40 years in the business, will be invaluable as we expand CapitalCube and pursue new distribution channels and strategic partnerships."
  • Valisha Graves has joined as a Strategic & Enterprise Sales Advisor, working alongside John Ballow to approach prospective enterprise clients.
    Hirsch added: "We're thrilled to welcome Valisha Graves to the team as an Advisor. With her extensive expertise, including leadership roles at J.P. Morgan and Morgan Stanley, Valisha brings a wealth of experience in driving strategic growth and building strong client relationships. Her leadership will be instrumental in scaling our enterprise initiatives and expanding our market presence. We're excited to see the impact she will bring!"
  • Richard Greco rejoins as a Strategic Advisor, having previously served on the AnalytixInsight board from 2014 to 2016, where he was instrumental in establishing the Company's operations with MarketWall in Italy.
    Hirsch concluded: "We're excited to welcome Richard Greco back to the team. With his deep understanding of the Italian fintech market and a vast network spanning the US and Europe, Richard will be key as we identify our next steps in Italy and work to unlock shareholder value. Welcome back, Richard!"

This strengthened advisory team reflects the Company's commitment to enhance and monetize our CapitalCube product and explore opportunities to unlock the value of MarketWall for the Company's shareholders.

The Company also announces that it has agreed to settle a total of C$117,500.00 of accrued directors' and officers' fees owed to certain directors and officers of the Company. The Company will settle the accrued fees by issuing a total of 11,750,000 common shares of the Company at a price of C$0.01 per share to these individuals (the "Security Based Compensation"). The Security Based Compensation is subject to TSX Venture Exchange approval. The common shares issued pursuant to the Security Based Compensation will be subject to a statutory four-month hold period from the date of issuance.

The Security Based Compensation with each of the certain directors and the Chief Executive Officer and Chief Financial Officer will be a "related party transaction" under Policy 5.9 of the TSX Venture Exchange and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Security Based Compensation with each of these individuals is exempt from the minority approval and formal valuation requirements of MI 61-101 pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the debt, nor the fair market value of the shares to be issued in settlement of the debt, exceeds 25% of the Company's market capitalization.

ABOUT ANALYTIXINSIGHT

AnalytixInsight is a data analytics and enterprise software solutions provider. AnalytixInsight develops and markets cloud-based platforms providing financial content, company analysis and stock research solutions to the financial services industry. AnalytixInsight holds a 49% interest in MarketWall S.R.L., a developer of fintech solutions for financial institutions in Italy.

Neither THE TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release constitute "forward-looking information" within the meaning of applicable securities laws and the respective policies, regulations and rules under such laws ("forward-looking statements"). These forward-looking statements generally are identified by words such as "anticipate", "expect", "intend", "will" and similar expressions, although not all forward-looking statements contain these identifying words. Specific forward-looking statements in this news release include, but are not limited to, statements regarding the work that the Advisors will do for the Company and Exchange acceptance of the RSUs and Options, the Security Based Compensation to certain individuals and Exchange acceptance of the Security Based Compensation. Although the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this news release including, without limitation, general business, economic, competitive, geopolitical and social uncertainties; the Company's technology and revenue generation; risks associated with operation in the technology sector; the Company's ability to successfully develop a go-forward strategy, raise capital, and extract value from MarketWall; foreign operations risks; the risk that funding options are not available to the Company, on reasonable terms or at all, to address its funding needs; the receipt of necessary regulatory, court, and corporate approvals to pursue funding options; the risk that the previously disclosed court-ordered inspector may uncover unexpected issues and/or the investigation may not be completed in a timely manner or at all, the risk that the issues to be addressed by the previously disclosed interim orders and the court-ordered inspector are not resolved in a timely manner or at all, and other risks inherent in the technology industry. Additionally, there are uncertainties inherent in forward-looking information, including factors beyond the Company's control. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary note. The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable laws.


Contacts

Natalie Hirsch
Interim CEO
AnalytixInsight Inc.
natalie.hirsch@analytixinsight.com
Tel: 647-955-2933

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