VANCOUVER, BC, Nov. 19, 2021 /PRNewswire/ – Atmofizer Applied sciences Inc. (CSE: ATMO) (previously Consolidated HCI Holdings Company) (the “Firm” or “Atmofizer“) is happy to supply the next company updates.
The Firm’s widespread shares (“Widespread Shares“) commenced buying and selling on the Canadian Securities Trade (the “CSE“) on Thursday, November 18, 2021. Buying and selling on the CSE commenced following the completion of the reverse takeover of the Firm (the “RTO Transaction“) by the previous securityholders of Vaxxinator Enterprises Inc. (“Vaxxinator“) and the ensuing change of enterprise of the Firm to the enterprise of Vaxxinator. For additional particulars of the RTO Transaction, please see the Firm’s information launch dated November 15, 2021.
In reference to the closing of the RTO Transaction, Dr. Joshua Helman, M.D., joined the board of administrators of the Firm (the “Board“).
Dr. Helman is a Harvard-trained doctor licensed in fourteen states. Dr. Helman has a Bachelor’s diploma in biochemistry from Harvard College and a Grasp’s diploma in Biochemistry from the College of Cambridge. Dr. Helman acquired his medical diploma from Harvard Medical College and the Massachusetts Institute of Know-how. Dr. Helman is Board Licensed by the American Board of Emergency Drugs and American Board of Way of life Drugs. He’s the previous Medical Director of Hippocrates Well being Institute and is at the moment affiliated with TrueNorth Well being Middle. His areas of curiosity embody toxins, mould, Lyme illness and fasting. As a plant-based doctor, he embraces an integrative strategy together with the significance of weight-reduction plan and life-style for optimum well being.
Dr. Helman stated “As a doctor centered on my sufferers’ well being and wellness, I’m very conscious of the harm and deleterious results that ultra-fine particles within the air we breathe have on the mind, blood and someone’s’ total well being. I’m very excited to be part of Atmofizer Applied sciences Inc. and its ground-breaking expertise that has been confirmed to mixture these dangerous extremely high-quality particles and take away them from the air that we breath.”
The Firm has granted an mixture of three,335,000 restricted share models (“RSUs“) to sure administrators, officers workers and consultants of the Firm pursuant to the phrases and situations of the Firm’s omnibus incentive plan (the “Omnibus Incentive Plan“). An mixture of 243,750 RSUs will vest instantly upon the date of grant, 293,750 RSUs will vest on the 3-month anniversary from the date of grant, 953,750 RSUs will vest on the 6-month anniversary from the date of grant, 250,000 RSUs will vest on the 9-month anniversary from the date of grant, 953,750 RSUs will vest on the 12-month anniversary from the date of grant, 160,000 RSUs will vest on the 18-month anniversary from the date of grant, 160,000 RSUs will vest on the 24-month anniversary from the date of grant, 160,000 RSUs will vest on the 30-month anniversary from the date of grant and 160,000 RSUs will vest on the 36-month anniversary from the date of grant.
The board of administrators of the Firm has accelerated the vesting schedule of 1,800,000 inventory choices (the “Choices“) of a senior officer of the Firm, in accordance with phrases and situations of the Omnibus Incentive Plan. The Choices, which have been initially scheduled to vest fully on April 15, 2023, have been accelerated such that 25% of the Choices shall vest instantly, 50% shall vest on the date that’s six months from the date hereof and 25% shall vest on the date that’s twelve months from the date hereof.
The Omnibus Incentive Plan was authorised by shareholders on the Firm’s annual common and particular assembly held on September 21, 2021.
Upon completion of the RTO Transaction, the Firm modified its auditors to the auditors of Vaxxinator, Davidson & Firm LLP, and the Firm modified its monetary year-end from September 30th to December 31s, being the monetary year-end of Vaxxinator. There was no “reportable occasion” between the Firm and its former auditor as such time period is outlined in Nationwide Instrument 51-102 – Steady Disclosure Obligations.
Atmofizer has retained First Advertising and marketing GmbH (“First Advertising and marketing“), a number one investor relations and advertising agency primarily based in Heidelberg, Germany, to supply the Firm promoting, company communications and promotional providers in Germany, Switzerland and Austria. Pursuant to the phrases and situations of the settlement, First Advertising and marketing will present these providers for a interval of 12 months for a price of €1,500,000. Such price will likely be paid in two installments with €1,000,000 being paid upon signing and €500,000 to be paid in January 2022.
Atmofizer has additionally retained Native Adverts Inc. (“Native Adverts“) to execute a complete digital media advertising marketing campaign for the Firm in North America. Native Advert’s programmatic digital promoting marketing campaign will run for a 12-month interval for a price of US$600,000. Native Adverts providers will embody content material creation, net growth, media shopping for and distribution, promoting inventive growth, marketing campaign reporting and optimization.
Sure features of the First Advertising and marketing and Native Adverts might embody “investor relations actions” beneath the insurance policies of the CSE and relevant securities legal guidelines.
About Atmofizer Applied sciences Inc.
Atmofizer’s client and industrial options are primarily based on its patented expertise for ultrafine particle agglomeration and neutralization. This functionality creates a revolutionary and extra environment friendly methodology for addressing the wide selection of harmful nano-scale particles, viruses and micro organism which can be too small to be successfully managed by typical HEPA filters and ultraviolet lights. Atmofizer plans to disrupt the air therapy trade by bettering air security and purification effectivity whereas reducing prospects’ operational prices.
Atmofizing air refers back to the means of utilizing ultrasonic acoustic waves to agglomerate (cluster collectively) small particles into a bigger goal that’s then radiated by ultraviolet gentle to neutralize their dangerous properties, making the air you breath much less hazardous to your well being. Utilizing models that atmofize air in tandem with HEPA filters could make the HEPA filters work extra effectively, allow using a less-powerful filter and lead to a cleaner and longer-lasting filter that reduces working prices and is much less of a well being hazard to wash or change.
Atmofizer is patent-pending and patent-protected sole supply of expertise to atmofize air and is making use of its proprietary expertise in client and industrial air purification merchandise at the moment manufactured beneath the Atmofizer model, in addition to in retail and industrial gadgets produced by different corporations that combine Atmofizer expertise into their very own merchandise beneath license. Atmofizer’s owned and licensed product strains embody wearable, transportable and cell use for private air therapy, in addition to bigger methods to deal with larger air volumes for industrial, industrial, institutional and residential functions.
First Advertising and marketing GmbH
First Advertising and marketing a number one investor relations and advertising agency primarily based in Heidelberg, Germany, offering content material distribution, translation and promoting providers in Europe. First Advertising and marketing just isn’t a Associated Individual (as outlined in CSE Insurance policies) of the Firm.
First Advertising and marketing GmbH
Discussion board 7
Tel: +49 178 2119249
About Native Adverts Inc.
Native Adverts is a full-service advert company that owns and operates a proprietary advert trade with over 80 built-in SSPs (supply-side platforms) leading to day by day entry to a few to seven billion North American advert impressions. Native Adverts just isn’t a Associated Individual (as outlined in CSE Insurance policies) of the Firm.
Native Adverts Inc.
1055 Dunsmuir Avenue
This press launch accommodates “forward-looking data” inside the which means of relevant securities legal guidelines. All statements contained herein that aren’t clearly historic in nature might represent forward-looking data. In some instances, forward-looking data may be recognized by phrases or phrases resembling “might”, “will”, “anticipate”, “probably”, “ought to”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “consider” or the detrimental of those phrases, or different related phrases, expressions and grammatical variations thereof, or statements that sure occasions or situations “might” or “will” occur, or by discussions of technique. The forward-looking data contained herein contains, with out limitation, the vesting of RSUs, the providers and features of First Advertising and marketing and Native Adverts and the enterprise and strategic plans of the Firm.
By their nature, forward-looking data is topic to inherent dangers and uncertainties which may be common or particular and which give rise to the likelihood that expectations, forecasts, predictions, projections or conclusions won’t show to be correct, that assumptions will not be appropriate and that aims, strategic objectives and priorities won’t be achieved. A wide range of components, together with identified and unknown dangers, lots of that are past our management, may trigger precise outcomes to vary materially from the forward-looking data on this press launch together with, with out limitation: the Firm’s capability to adjust to all relevant legal guidelines and governmental rules referring to its industrial merchandise; the flexibility of the Firm to guard its mental property; impacts to the enterprise and operations of the Firm because of the COVID-19 pandemic; having solely a restricted working historical past, the flexibility of the Firm to entry capital to satisfy future financing wants; the Firm’s reliance on administration and key personnel; competitors; modifications in client traits; overseas forex fluctuations; and common financial, market or enterprise situations.
Further danger components can be discovered within the Firm’s steady disclosure paperwork, which have been filed on SEDAR and may be accessed at www.sedar.com. Readers are cautioned to think about these and different components, uncertainties and potential occasions rigorously and to not put undue reliance on forward-looking data. The forward-looking data contained herein is made as of the date of this press launch and relies on the beliefs, estimates, expectations and opinions of administration on the date such forward-looking data is made. The Firm undertakes no obligation to replace or revise any forward-looking data, whether or not on account of new data, estimates or opinions, future occasions or outcomes or in any other case or to elucidate any materials distinction between subsequent precise occasions and such forward-looking data, besides as required by relevant legislation.
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SOURCE Atmofizer Applied sciences Inc.