Xcyte Digital Corp. Shareholders Approve Omnibus Equity Incentive Plan
Xcyte Digital Corp. Shareholders Approve Omnibus Equity Incentive Plan
describe, in more detail, the "net exercise" mechanics under the Plan, to reflect that that the Board may, in its sole discretion and in accordance with TSXV policies (including, if the Company is listed on the TSXV, Section 4.8(d)(ii) of TSXV Policy 4.4), permit Options held by a Participant who is not an Investor Relations Service Provider (as defined in the Plan) to be exercised on a "net exercise" basis such that the Participant receives only the number of Shares underlying such Options as is equal to the quotient obtained by dividing (a) the product of the number of Options being exercised multiplied by the difference between: (i) the volume weighted average trading price of the Shares on the TSXV, calculated by dividing the total value by the total volume of the Shares traded for the five trading days immediately preceding the exercise of the subject Option (the "POMPANO BEACH, FL / ACCESSWIRE / September 16, 2024 / Xcyte Digital Corp. (TSXV:XCYT) ("Xcyte" or the "Company"), a trusted global events technology company, specializing in next-generation event solutions, announces that at the Company's annual general and special meeting held on August 28, 2024, the disinterested shareholders of the Company approved certain amendments to the Company's omnibus equity incentive plan (the "Plan") to, among other things:
POMPANO BEACH，FL / ACCESSWIRE / 2024年9月16日 / Xcyte Digital Corp.（TSXV:XCYT）（"Xcyte"或"公司"）,一家值得信賴的全球活動科技公司,專注於下一代活動解決方案,宣佈公司於2024年8月28日舉行的年度股東大會中,公司的無利害關係股東已批准對公司全權股權激勵計劃（"計劃"）進行某些修訂，其中包括:
change the Plan from a "rolling" 10% plan to a "fixed" plan, pursuant to which the maximum number of subordinate voting shares (each, a "Share") reserved for issuance pursuant to awards granted under the Plan will be fixed at a maximum of 17,754,000, representing 20% of the issued and outstanding Shares as at July 22, 2024;
describe, in more detail, the "cashless exercise" mechanics under the Plan, to reflect that the board of directors of the Company (the "Board") may, on terms established by it in its sole discretion and in accordance with policies of the TSX Venture Exchange (the "TSXV"), permit a stock option (an "Option") to be exercised by way of a "cashless exercise" basis, as further provided in the Plan, including, if the Company is listed on the TSXV, Section 4.8(d)(i) of TSXV Policy 4.4, which provides that: (a) the Company may have an arrangement with a brokerage firm pursuant to which the brokerage firm will loan money to a Participant (as defined in the Plan) to purchase the Shares underlying the Options, (b) the brokerage firm then sells a sufficient number of Shares to cover the exercise price of the Options in order to repay the loan made to the Participant, and (c) the brokerage firm receives an equivalent number of Shares from the exercise of the Options and the Participant then receives the balance of the Shares or the cash proceeds from the balance of such Shares;
describe, in more detail, the "net exercise" mechanics under the Plan, to reflect that that the Board may, in its sole discretion and in accordance with TSXV policies (including, if the Company is listed on the TSXV, Section 4.8(d)(ii) of TSXV Policy 4.4), permit Options held by a Participant who is not an Investor Relations Service Provider (as defined in the Plan) to be exercised on a "net exercise" basis such that the Participant receives only the number of Shares underlying such Options as is equal to the quotient obtained by dividing (a) the product of the number of Options being exercised multiplied by the difference between: (i) the volume weighted average trading price of the Shares on the TSXV, calculated by dividing the total value by the total volume of the Shares traded for the five trading days immediately preceding the exercise of the subject Option (the "VWAP"), and (ii) the exercise price of such Options; by (b) the VWAP;
to reflect that the latest date by which a vested Option held by a Participant that departs the Company pursuant to a termination without cause, resignation, retirement, personal disability or death (each as further described in the Plan) may be exercised will be 12 months from the date of ceasing to be an Eligible Participant (as defined in the Plan); and
to provide that, except as otherwise provided in the Plan, the Plan must only be approved by Shareholders and the TSXV when the Plan is amended, including to increase the maximum number of Shares reserved for issuance, as opposed to annually as was previously required because the Plan was a "rolling" plan.
將計劃從"滾動"10%計劃更改爲"固定"計劃，根據該計劃授予的獎勵而保留用於發行的優先投票股股份（每個"股份"）將被固定爲最高17754000股，佔2024年7月22日已發行和流通股份的20%;
更詳細地描述計劃下"無現金行權"機制，以反映公司（"董事會"）可根據其自行制定的條款並根據TSX Venture Exchange（"TSXV"）的政策，允許"期權"以"無現金行權"方式行使，如計劃中進一步規定的那樣. 包括，如果公司在TSXV上市的話，TSXV政策4.4的第4.8(d)(i)節規定：(a) 公司可以與券商達成協議，券商將向參與人（在計劃中定義）提供貸款以購買期權標的的股份，(b) 券商隨後出售足夠數量的股份以支付給參與人提供的貸款，(c) 券商從期權行權中獲得相同數量的股份，參與人然後獲得餘下的股份或來自此類股份餘額的現金收益;
更詳細地描述計劃下"淨行權"機制，以反映董事會可以自行決定且符合TSXV政策（包括，如果公司在TSXV上市的話，TSXV政策4.4的第4.8(d)(ii)節規定）,允許非投資者關係服務提供商（在計劃中定義）持有的期權以"淨行權"方式行使，使參與人只收到與行使此類期權相關的股份數量相等的股份，這等於：(a) 被行使的期權數量乘以（i）計算方法爲將股份的總價值除以交易所五個直接交易日立即行使該期權之前交易的股份總成交量計算的TSXV上的股份的成交價加權平均價格（"VWAP"）和(ii）這些期權的行權價格之間的差值; 除以（b）VWAP;
根據計劃的規定，當受益參與者根據合同解除勞動關係、自願辭職、退休、喪失勞動能力或死亡（詳見計劃的進一步說明）時，其所持有的認購期權的行權期限是自稱不再是合格參與者（計劃所定義）之日起的12個月;
除非計劃另有規定，否則在修改計劃時，包括增加儲備用於發行的股票的最高數量，計劃必須經股東和 TSXV 批准，而不像以前要求的每年批准，因爲計劃是一個"滾動"計劃。
Director Paul Barbeau has been granted today, an aggregate of 100,000 stock options (the "Options"), each of which will be exercisable into one Share at a price of $0.25 per Share until the earlier of (i) September 16, 2029 and (ii) 90 days after he ceases to provide services to the Company or any of its subsidiaries in any capacity, whether as a director, officer, employee, independent contractor or otherwise
董事 Paul Barbeau 今天獲得了總計100,000股期權（"期權"），每股期權可行權爲1股，行權價格爲每股$0.25，直到(i) 2029年9月16日或（ii）他不再以董事、高管、僱員、獨立承包人或其他身份爲公司或任何其附屬公司提供服務後的90天之前。
About Xcyte Digital Corp.
關於Xcyte Digital Corp.
Xcyte Digital (TSXV:XCYT) is a trusted global events technology company, specializing in next-generation applications for physical, hybrid, virtual, immersive, and phone-based events. Combining proprietary technology with a robust partner ecosystem, Xcyte offers both do-it-yourself and managed services, ensuring secure and scalable solutions worldwide. Thousands of clients, from innovative startups to major corporations, rely on Xcyte's cost-effective solutions to meet their event needs. Xcyte Digital is headquartered in Canada and the USA, with operations across the globe. Visit us at xcytedigital.com.
Xcyte Digital（TSXV：XCYT）是一家值得信賴的全球活動技術公司，專注於物理、混合、虛擬、沉浸式和基於手機的下一代應用程序。結合專有技術和強大的合作伙伴生態系統，Xcyte提供自助和託管服務，確保全球的安全和可擴展的解決方案。數千家客戶，從創新型初創企業到大型公司，依賴Xcyte的經濟高效的解決方案來滿足他們的活動需求。Xcyte Digital總部位於加拿大和美國，業務遍佈全球。請訪問我們的網站xcytedigital.com。
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TSX創業公司交易所及其監管服務提供者(如TSX創業公司政策所定義)均不承擔本發佈信息充分性或準確性的責任。
Contact Information
聯繫信息
Randy Selman
Chief Executive Officer and Director
investment@xcytedigital.com
(647) 777 7501
Randy Selman
首席執行官和董事
investment@xcytedigital.com
(647) 777 7501
Nikhil Thadani
Investor Relations
nik@sophiccapital.com
(647) 777 7501
SOURCE: Xcyte Digital Corp.
Nikhil Thadani
投資者關係
nik@sophiccapital.com
(647) 777 7501
來源：Xcyte Digital Corp.
譯文內容由第三人軟體翻譯。
