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Wi2Wi announced the issuance of 2,100,000 stock options to its board members on June 25, 2024. The distribution of these options aims to align the interests of the board with those of the shareholders, incentivizing the directors to drive company performance. This move indicates a strategic effort to enhance commitment and performance at the leadership level, potentially impacting the company’s future growth and operational strategies. The options issuance is part of the company’s ongoing efforts to strengthen governance and motivate its executive team. For more details, interested parties can contact Ted Clark, CEO, at +1-469-545-3423 or via email at ted_cl@wi2wi.com.
Positive
- Issuance of 2,100,000 stock options to board members could align their interests with shareholders.
- Strategic incentive move to enhance commitment and performance at the leadership level.
Negative
- Issuance of stock options could lead to potential dilution of existing shares.
TORONTO, ON / ACCESSWIRE / July 4, 2024 / Wi2Wi Corporation (“Wi2Wi” or the “Company”) announces on June 25, 2024 the Company issued 2,100,000 options to the members of its board of directors.
Investor & Media Contact
Ted Clark, Chief Executive Officer
+1-469-545-3423
ted_cl@wi2wi.com
About Wi2Wi Corporation
Wi2Wi is a specialized electronic component supplier with expertise in all aspects of frequency control devices as well as in wireless technologies. Wi2Wi’s Precision Devices brand of products has earned a premier spot in numerous key markets including avionics, aerospace, industrial equipment, government, and the US military. Wi2Wi’s frequency control products are best-in-class and of the highest quality.
Founded in 2005, Wi2Wi’s headquarters, design center and state-of-the-art manufacturing facility are located in the heart of America’s industrial belt in Middleton, WI. Wi2Wi can deliver specific solutions using its in-house design and manufacturing expertise, as well as leveraging many tier-1 global partnerships with numerous industry leading silicon and wireless technology suppliers.
Wi2Wi has partnered with best-in-class sales leaders. The company uses a global network of manufacturer’s representatives to promote its products and services, and has partnered with world class distributors for the fulfillment of orders all of which augment a US-based direct sales team.
Wi2Wi is extremely proud to serve hundreds of the world’s top companies with its made-in-America products.
Forward-Looking Statements: This news release contains certain forward-looking statements, including management’s assessment of future plans and operations, and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control. Such risks and uncertainties include, without limitation, risks associated with the ability to access sufficient capital, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, stock market volatility. The Company’s actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company’s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward- looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Wi2Wi Corporation
View the original press release on accesswire.com
FAQ
What significant action did Wi2Wi take on June 25, 2024?
Wi2Wi issued 2,100,000 stock options to its board members on June 25, 2024.
How many stock options did Wi2Wi issue to its board of directors?
Wi2Wi issued 2,100,000 stock options to its board of directors.
What is the stock symbol for Wi2Wi ?
Wi2Wi ‘s stock symbol is ISEYF.
Who can be contacted for more information regarding Wi2Wi’s recent options issuance?
For more information, contact Ted Clark, CEO of Wi2Wi, at +1-469-545-3423 or ted_cl@wi2wi.com.
Why did Wi2Wi issue stock options to its board members?
Wi2Wi issued stock options to align the board members’ interests with those of shareholders and to incentivize performance.
