Mr. Michael Robb reports
AIRIQ ANNOUNCES STOCK OPTION GRANT
Effective Sept. 21, 2023, the board of directors of AirIQ Inc. granted stock options to the chief financial officer of the company and to the newest non-executive board member.
A total of 150,000 options for common shares were granted to Bora (Kate) Kwak, chief financial officer of the company, and Gabriel Bouchard-Phillips, a non-executive board member, with an exercise price of 44 cents per share.
All the terms of the option grants are in accordance with the company's stock option plan and the grant is subject to approval of the TSX Venture Exchange.
The company currently has 29,367,574 common shares issued and outstanding. Under the terms of the company's rolling stock option plan a maximum of 10 per cent of the company's issued and outstanding common shares (currently 2,936,757 shares) are available to be issued pursuant to the exercise of options. Including this grant of 150,000 options, a total of 2,936,757 shares have been reserved for issuance pursuant to option grants. A further 246,757 common shares are available for issuance pursuant to future option grants at this time.
About AirIQ Inc.
AirIQ is celebrating its 25th anniversary of its founding in 1997 and is a pioneer in Internet of Things-based asset management solutions. AirIQ's solutions allow commercial businesses to reliably, effectively and efficiently monitor assets in near real time. The company develops iOS and Android mobile and Web-based applications, and cloud-based solutions that stand alone or that can be readily integrated with existing software. AirIQ solutions are mixed fleet capable and provide fleet reporting, maintenance, compliance, safety and analytics utilizing multiple hardware options, including a fully integrated video telematics camera solution and a battery-powered solution for non-powered assets.
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