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Evan Gappelberg received 2.57 million company shares, valued at C$0.06 each, in debt settlement.
Toggle3D.Ai Inc. issued 2,566,666 common shares to CEO Evan Gappelberg, valued at C$0.06 each, in exchange for company debt.
This move aims to align executive interests with shareholders and promote long-term growth.
Gappelberg's shares are subject to a four-month holding period.
The transaction increases his ownership stake to about 10.8% of the company's shares.
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Evan Gappelberg recibió 2.57 millones de acciones de la compañía, valoradas en C$0.06 cada una, en liquidación de deuda.