Lendified Announces Start of Trading on OTC Pink Market, Adopts Equity Incentive Plan
Toronto, Ontario–(Newsfile Corp. – March 7, 2022) – Lendified Holdings Inc. (TSXV: LHI) (formerly, Hampton Bay Capital Inc.) (the “Company” Where “Lendified“) is pleased to announce that the Company has received notice from the Financial Regulatory Authority that its shares are qualified to begin trading on the OTC Pink Market in the United States under the symbol “LFHIF”. Lendified will continue to trade on the TSX Venture Exchange under its current symbol “LHI.” The Company intends to take additional steps to improve its visibility and increase the liquidity of its shares in the US market.
In addition, the Company is pleased to announce that it has adopted an omnibus equity incentive plan (the “Incentive scheme“) providing for the granting of stock options (“Choice“) and restricted stock units (“USR“) of the Company. Pursuant to the Incentive Plan, a rollover of 10% of the issued and outstanding common shares of the Company may be reserved for issuance pursuant to the grant of options and 44,619,934 common shares of the Company may be reserved for issuance pursuant to the grant of PSUs, representing a fixed amount of 10% of the common shares currently issued and outstanding. The incentive plan is a merger of the company’s previous stock option plan (the “Option plan“) and the Restricted Share Unit Plan (the “PSU plan“) under a single equity incentive plan, each as approved by shareholders at the annual and special meeting of shareholders of the Company held on December 1, 2021. The Company has terminated the option plan and the RSU Plan and all outstanding stock options of the Corporation granted under the Option Plan will be governed by the Incentive Plan on substantially the same terms.
ABOUT LENDIFIED HOLDINGS INC.
Lendified, a company located in Ontario, Canada, is a Canadian FinTech company operating a lending platform that provides working capital loans to small businesses across Canada through a wholly owned subsidiary.
For more information about Lendified, please contact:
Eoghan Bergin, Chairman and CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements that reflect the Company’s current expectations regarding future events. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “estimate”, “expect”, “intend” and statements that an event or result ‘may’, ‘will’, ‘should’, ‘might’ or ‘might’ occur or be achieved and other similar expressions. These forward-looking statements involve risks and uncertainties, each that could cause results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Many risks are inherent to the industries in which the Company operates; others are more specific to the Company. The Company’s current quarterly filings should be consulted for additional information on risks and uncertainties relating to such forward-looking statements. Investors should not not place undue reliance on these forward-looking statements. Management assumes no obligation to update or change any forward-looking statements, whether as a result of new information, events or other.
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