Nextech (CSE: NTAR) (OTCQB: NEXCF) (FSE: N29), a metaverse company and leading provider of augmented reality (“AR”) experience technologies, wayfinding technologies and 3D model services, today announced that it and the company’s CEO Evan Gappelberg have acquired securities of Arway. According to the update, Gappelberg took ownership of 2,753,933 Arway common shares, while Nextech acquired 12.99 million Arway shares. Pursuant to the provisions of Section 288 of the Business Corporations Act, the shares were bought in connection with a plan of arrangement involving Nextech, Arway and 1373222 BC. As of Oct. 25, 2022, Nextech acquired 15.99 million shares representing approximately 60% of all issued and outstanding Arway shares. Following the recent transaction, the firm immediately transferred 3 million of such Arway shares to third parties. Gappelberg acquired 2,753,933 shares representing approximately 10.3% of all issued and outstanding Arway shares as of Oct. 25, 2022. Immediately prior to the acquisition, Gappelberg held no Arway shares.
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About Nextech AR Solutions Corp.
Nextech is the engine accelerating the growth of the metaverse. Using breakthrough AI, Nextech AR is able to quickly, easily and affordably ARitize (transform) vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use, giving creators at every level all the essential tools they need to build out their digital AR vision in the metaverse. The company’s platform-agnostic tools allow brands, educators, students, manufacturers, creators, and technologists to create immersive, interactive and the most photo-realistic 3D assets and digital environments, compose AR experiences, and publish them omnichannel. With a full suite of end-to-end AR solutions in 3D commerce, education, events, and industrial manufacturing, Nextech AR is in a unique position to meet the needs of the world’s biggest brands and all metaverse contributors. For more information about the company, visit www.NextechAR.com.
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