From GlobeNewswire: 2024-06-12 21:41:06

NowVertical Group Inc. settles CAD$2.35 million owed to former shareholders of Acrotrend Solutions Ltd. through issuance of 9,321,515 Class A subordinate voting shares to CEO Sandeep Mendiratta. This makes Sandeep Mendiratta a ten percent shareholder in NOW. The Company’s balance sheet improves with the settlement, as the Sellers waive their entitlement to interest on historical obligations. ALL shares issued are subject to a four-month hold period, with some having an additional contractual hold period. The Company offers data analytics and AI solutions globally, aiming to drive enterprise growth through strategic acquisitions.



Read more at GlobeNewswire: NowVertical Fulfills Obligations and Enhances Shareholder