Northwire Canada EditionFriday, July 24, 2026
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Financings

CORRECTION BY SOURCE: Nextech3D.ai on Krafty Labs Acquisition and $321,917 CEO Investment

NTAR · Price

Executive Summary

  • Nextech3D.ai corrected the number of warrants and underlying common shares tied to its recent Krafty Labs acquisition – now 1,951,012 shares at a $0.165 conversion/exercise price.
  • CEO Evan Gappelberg invested $321,917 via an 18‑month convertible note bearing 12% annual interest, with the option to convert into the corrected 1,951,012 common shares; he also received matching share purchase warrants.
  • The company launched a 12‑month cashless AI marketing program with AGORACOM, paying for services with $125,000 CAD (plus HST) in shares issued in four instalments over the term.

Key Details

  • Correction of Warrants:
  • Original reporting: 2,299,412 common shares at $0.14/share.
  • Corrected figures: 1,951,012 common shares/warrants at $0.165/share.
  • CEO Convertible Note (Related‑Party Transaction):
  • Principal amount invested: $321,917.
  • Term: 18 months.
  • Interest rate: 12% per annum.
  • Conversion option (sole discretion of CEO): conversion into 1,951,012 common shares at $0.165 per share.
  • Warrants issued as compensation: 1,951,012 common‑share purchase warrants with exercise price $0.165/share, term 3 years.
  • CEO’s current holdings: 32,757,017 common shares (largest shareholder).
  • Regulatory/Approval Notes:
  • Transaction qualifies as a related‑party transaction under MI 61‑101; exemption relied upon because it does not exceed 25% of market cap.
  • Subject to approval by the Canadian Securities Exchange (CSE).
  • AGORACOM Cashless Marketing Program:
  • Duration: 12 months.
  • Services provided at no cash outlay; compensated with shares‑for‑services.
  • Total fee: $125,000 CAD + HST, delivered as $25,000 CAD worth of shares (+HST) in five instalments:
    • End of month 3 (Mar 8 2026)
    • End of month 6 (Jun 8 2026)
      – End of month 9 (Sep 8 2026)
      – End of term (Jan 31 2027)
  • Share price for each issuance determined by CSE closing price on the respective date.
  • Strategic Rationale:
  • CEO investment signals confidence in Nextech3D.ai’s growth strategy and alignment with shareholders.
  • AGORACOM partnership aims to expand investor outreach through AI‑generated content, verified forums, and a broad network of ~9 million investors.

Notable Quotes

  • “Management believes this insider investment reflects confidence in Nextech3D.ai's strategy, execution, and long‑term growth prospects.” – Management statement.
Read the original news release →

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