Spin-Out
Spin-Out
Nextech3D.ai (CSE:NTAR) (OTC:NEXCF) (FSE:EP2) develops or acquires what it believes are disruptive technologies and once commercialized, spins them out as stand-alone public Companies issuing a stock dividend to shareholders while retaining a significant ownership stake in the public spin-out.
The IPO spin-out from parent Company Nextech3D.ai is now complete.
On June 14th, 2023, Toggle3D.ai began trading in Canada on the Canadian Securities Exchange (CSE) with the stock symbol TGGL. In August 2023, Toggle3D.ai began trading on the OTCQB in the United States with the stock symbol TGGLF.
Spin-Out Shares
The Arrangement will result in, among other things, Nextech3D.ai receiving an aggregate of 13,000,000 common shares of Toggle3D (“Spinco Shares'') and an aggregate of 4,000,000 Toggle3D.ai (“Spinco”) shares being distributed directly to the shareholders of Nextech3D.ai on a pro rata basis.
COMPUTERSHARE
Registered shareholders of Nextech3D.ai who hold shares in Computershare need to complete the Letter of Transmittal form found under the Company's profile on SEDAR (or below) and return to Computershare in order to receive their Toggle3D.ai pro rate distribution shares. Computershare's standard processing time for Letter of Transmittal forms is 10 business days.
BROKERAGE ACCOUNTS
Shareholders with Nextech3D.ai shares already deposited with their broker will receive the Toggle3D.ai pro rate distribution shares automatically, as the CDS and DTC complete the letter of transmittal form on their behalf.
Receiving Spin-Out Shares
COMPUTERSHARE
Registered shareholders of Nextech3D.ai who hold shares in Computershare need to complete the Letter of Transmittal form found under the Company's profile on SEDAR (or below) and return to Computershare in order to receive their Toggle3D.ai pro rate distribution shares. Computershare's standard processing time for Letter of Transmittal forms is 10 business days.
BROKERAGE ACCOUNTS
Shareholders with Nextech3D.ai shares already deposited with their broker will receive the Toggle3D.ai pro rate distribution shares automatically, as the CDS and DTC complete the letter of transmittal form on their behalf.
Toggle3D is now live!
We're happy to help & excited to have you onboard.
