- The Sophic team has more than 50 years of combined experience
- Sophic has a proven track record of successfully building relationships with investors in Canada and the United States
- The agreement will support the vision of making Aires a well-known brand and dominating the segment
American Aires Inc. („American Aires” or „Aires Tech“ or „Aires“ or the “Pursue“) (WKN: A3EQAF – CSE: WIFI – OTC: AAIRFa pioneer in electromagnetic radiation protection technology, is pleased to announce that it has entered into a capital markets advisory agreement (the “IR Agreement”) with Sophic Capital Inc. (“Sophic”). Pursuant to the IR Agreement, Sophic will, among other things, provide the Company with marketing and investor relations services to raise investor awareness of the Company’s business and communicate with the investment community (the “Investor Relations Services”).
“American Aires has made impressive progress in increasing revenue and expanding its brand presence,” said Sean Peasgood, CEO of Sophic Capital. “Their sophisticated marketing strategies and extensive partner network are designed to support the company’s next phase of growth. As more people experience the tangible benefits of its innovative technology, we see more revenue from both new and loyal customers. We believe the company is well positioned to become a market leader and improve lives around the world through its innovative solutions. Sophic Capital looks forward to working with American Aires to help shape its capital markets strategy and effectively communicate its investment thesis.”
Josh Bruni, CEO of American Aires, commented, “Given the successes we have achieved to date and our ambitious vision to make Aires a household name and dominate our segment, I am delighted to partner with Sophic Capital. They have a credible reputation, extensive knowledge of the capital markets and a proven track record of building relationships with institutional investors, investment advisors and equity research teams in both Canada and the U.S. This is the type of partner that belongs alongside us and our shareholders to realize the long-term value we are creating.”
The Investor Relations Services include, but are not limited to, outreach to the investor community, developing communications plans and presentations to investors, introducing the Company and the Company’s management to investors, assisting in presenting information to such prospective investors and may also include organizing roadshows. The Investor Relations Services are scheduled to commence on September 23, 2024 and terminate on or about September 23, 2025, unless the IR Agreement is renewed. Under the IR Agreement, Aires has contracted Sophic for an initial term of twelve (12) months, which will renew for an additional six (6) months unless terminated by either party. Either party may terminate the IR Agreement at any time after the expiration of the initial six (6) months upon thirty (30) days’ written notice to the other party.
In consideration for the investor relations services and pursuant to the terms of the IR Agreement, the Company has agreed to (i) pay Sophic a fee of $8,000 per month and (ii) grant Sophic 988,334 incentive stock options (the “Options”) under the Company’s Omnibus Long-Term Incentive Plan (the “Plan”). Each Option entitles the holder to purchase one common share of the Company at an exercise price of $0.36 per Common Share. The Options, 25% of which vest every three (3) months following the date of grant, are exercisable for a period of five (5) years from the date of grant (subject to the terms of the Plan). The Options are subject to a hold period of four (4) months and one day from the original grant date in accordance with Canadian Securities Exchange Rule 6.
Sophic’s deep knowledge of technology, clean technology and industrial markets combined with decades of experience in the capital markets make Sophic a strong partner to help lower the Company’s cost of capital and accelerate growth. Sean Peasgood, the President and CEO of Sophic – located at 49 Wellington St E, Suite 500 Toronto, ON M5E 1C9 Canada and reachable at 647-957-2327 and [email protected] – will be involved in the execution of the promotion. Sophic and Sean Peasgood are independent of the Company.
About Sophic Capital Inc.
Sophic Capital is a Toronto-based full-service capital markets and investor relations advisory firm for public and private growth companies, specializing in developing comprehensive capital markets strategies for companies at all stages of development and market sectors. Sophic’s team has over 50 years of combined experience in the capital markets and relevant industry sectors across multiple jurisdictions. The versatility and relationships that Sophic brings enable the firm to deliver comprehensive, customized and actionable strategies for early-stage growth companies.
About American Airways Inc.
American Aires Inc. is a Canada-based nanotechnology company committed to improving well-being and environmental safety through science-led innovation, education and advocacy. The company has developed a proprietary silicon-based resonator that protects against the harmful effects of electromagnetic radiation (EMR). Aires’ Lifetune products target EMR emitted by electronic devices such as cell phones, computers, baby monitors and Wi-Fi, including the more powerful and rapidly growing 5G high-speed networks. Aires is listed on the CSE under the symbol “WIFI” and on the OTC Pink under the symbol “AAIRF”. More information about the company is available at www.investors.airestech.com.
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Certain information in this press release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements that do not relate to historical facts are forward-looking statements, including, but not limited to, statements regarding future financial position and financial metrics, annual revenue growth in 2024, revenue growth due to advertising and promotional spending, marketing partnerships, international expansion, ability to attract U.S.-based investors, the efficiency and effectiveness of the Company’s advertising model, future market position, growth, innovations, global impact, business strategy, achieving universal brand awareness and brand development, product acceptance, use of proceeds, corporate vision, planned acquisitions, strategic partnerships, joint ventures, 2024 being our best year ever, continuation of our revenue growth, relationships with athletes, celebrities and artists, size and growth of the consumer market focused on wellness and EMF protection, strategic alliances and collaborations, budgets, costs, and plans and objectives of the Company or its employees. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans,” “expects,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “targets,” “aims,” ”anticipates” or “believes” or variations (including negative variations) of such words and phrases or can be identified by statements that certain actions “may,” “could,” “should,” “would,” “might” or “will be taken.” A number of known and unknown risks, uncertainties and other factors could cause actual results or performance to differ materially from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, the occurrence of force majeure events, developments and changes in laws and regulations, competitive factors and dependence on governmental approvals. Certain material assumptions relating to such forward-looking statements may be disclosed in this press release and in the Company’s annual and quarterly management reports available at www.sedarplus.ca Readers are cautioned that the assumptions used in preparing this information, although considered reasonable at the time of preparation, may prove to be inaccurate and undue reliance should not be placed on forward-looking statements. The Company undertakes no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities laws.
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