18:31:31 EST Sun 03 Dec 2023
Enter Symbol
or Name

California Nanotechnologies hires Otis for IR services

2023-01-04 10:32 ET - News Release

Mr. Eric Eyerman reports


California Nanotechnologies Corp. has signed a service agreement with Ontario-based Otis Investor Relations Inc. (Otis IR) to develop and execute a comprehensive digital-first investor relations program. The program's goal is to broaden the company's shareholder base, manage investor communications and expectations, and provide California Nanotechnologies with strategic capital markets advisory.

"We are excited to start work on our first investor relations program as we continue to execute our long-term growth plan," stated Eric Eyerman, chief executive officer of California Nanotechnologies. "With the milestones we have executed in the last year, we feel it is an appropriate time to start being more present in the investment community and build further confidence. Brandon at Otis IR will play an important role in supporting us in this journey as we leverage his expertise in microcaps."

"Cal Nano has impressed me with their recent traction in deploying their novel technologies into new markets with meaningful commercial contracts," said Brandon Chow, principal and founder at Otis Investor Relations. "As the world looks toward next-generation materials in aerospace, automotive and renewable energy, I expect that Cal Nano will benefit from these tailwinds. I am excited to leverage my past success in executing investor relations programs for technology-driven microcaps with Eric and his ambitious team."

Pursuant to the agreement, the company will pay Otis IR a monthly fee of $2,525 (U.S.), plus applicable taxes and reasonable expenses, on a month-to-month basis. The agreement remains in effect until either party terminates the agreement by providing the other party 30 days of prior written notice of termination.

As additional consideration for the services, the company has agreed to grant 110,000 stock options at an exercise price to be determined by the company at a future date and will vest in quarterly instalments over a 12-month period. All stock options are subject to the terms and conditions of the company's previously approved stock option plan and approval by the TSX Venture Exchange.

Mr. Chow, the principal and sole shareholder of Otis IR, has direct or indirect beneficial ownership of 74,500 common shares of California Nanotechnologies. In addition, Mr. Chow intends to acquire, through open-market transactions, additional common shares of the company for personal investment purposes.

We seek Safe Harbor.

© 2023 Canjex Publishing Ltd. All rights reserved.