22:51:00 EDT Mon 30 Jun 2025
Enter Symbol
or Name
USA
CA



American Aires Inc (2)
Symbol WIFI
Shares Issued 104,607,000
Close 2024-12-03 C$ 0.205
Market Cap C$ 21,444,435
Recent Sedar Documents

American Aires hires ICP for market-making services

2024-12-04 09:32 ET - News Release

Mr. Josh Bruni reports

AMERICAN AIRES ENGAGES ICP SECURITIES INC. (ICP) FOR AUTOMATED MARKET MAKING SERVICES

American Aires Inc. has engaged the services of ICP Securities Inc. to provide automated market-making services, including the use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the Canadian Securities Exchange and other applicable legislation. ICP is an arm's-length party to the company. ICP's market-making activity will be primarily to correct temporary imbalances in the supply and demand of the company's shares. ICP will be responsible for the costs it incurs in buying and selling the company's shares, and no third party will be providing funds or securities for the market-making activities. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the company in the future.

American Aires chief executive officer Josh Bruni commented: "We're engaging ICP to enable our existing and potential shareholders to have optimum trading access to our common shares. As a publicly traded company, we understand our twin responsibilities of growing the consumer-facing side of our company as well as facilitating the robustness of Aires' public market side. With stock markets being more complex and automated than ever, having ICP in our corner is a proactive and compliant investment in maximizing our participation in those markets."

Ian Clark, chief executive officer of ICP Securities, commented, "We are excited to partner with American Aires Inc., leveraging our ICP Premium algorithm to enhance market stability and liquidity, aligning with their vision of innovation and growth."

ICP will be paid a monthly fee of $7,500, plus applicable taxes. The agreement between the company and ICP was signed with a start date of Dec. 4, 2024, and is for four months and shall be automatically renewed for subsequent one-month terms, unless either party provides at least 30 days written notice prior to the end of the initial term or an additional term, as applicable.

About American Aires Inc.

American Aires is a Canadian-based nanotechnology company committed to enhancing well-being and environmental safety through science-led innovation, education and advocacy. The company has developed a proprietary silicon-based resonator that protects against the potentially harmful effects of electromagnetic field radiation. Aires' Lifetune products target EMF radiation emitted by consumer electronic devices such as cellphones, computers, baby monitors and Wi-Fi, including the more powerful and rapidly expanding high-speed 5G networks.

We seek Safe Harbor.

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