The Company also announces the appointment of Nidhi Kumra, CA, CPA, to the Board of Directors and as Audit Committee Chair
TORONTO, O.N, Canada – July 5 , 2023 - Toggle3D.ai (the “Company”) (CSE:TGGL) (OTC:TGGLF), a groundbreaking SaaS solution that utilizes generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of superior 4K 3D models is pleased to announce that its common shares are now available for trading in the USA on the OTC Pink Sheets Open Market under the stock symbol: TGGLF.
Visit TGGLF Profile Page on the OTC Markets website: https://www.otcmarkets.com/stock/TGGLF/profile
On June 14th, 2023, Togle3D.ai was spun-out by its parent Company Nextech3D.ai (OTC: NEXCF) (CSE: NTAR) (FSE: N29), and directly listed on the CSE at a price of $0.25. Nextech3D.ai retains control of 13 million shares of Toggle3D.ai or about 45% of the shares issued and outstanding.
Evan Gappelberg, CEO of Toggle3D.ai provided his insights,``We are thrilled to witness the early market enthusiasm for Toggle3D.ai, which we believe has launched its CAD-3D Generative AI powered platform at just the right time since AI is now the top performing sector in the market.” He continued, “We are pleased to offer trading in Toggle3D.ai to our USA shareholders so quickly after our listing on the CSE on June 14th, 2023. The uplifting from the OTC Pink Sheets Open Market to the OTCQB Venture Market is currently underway, facilitated by the OTC Markets Group Inc. Once approved, we anticipate that trading on the OTCQB will attract additional shareholders and bring enhanced liquidity for Toggle3D.ai."
Toggle3D.ai is a groundbreaking SaaS solution that utilizes generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of superior 4K 3D models, serving various industries within the $160 billion CGI market. With its Augmented Reality-based rapid prototyping web app, Toggle3D empowers designers, artists, marketers, and eCommerce owners to effortlessly convert, texture, customize, and publish high-quality 3D models and experiences, regardless of technical or 3D design expertise.
Toggle3D.ai has emerged as a standalone public Company, with plans to expand its presence Internationally on the Frankfurt Stock Exchange and in the USA on the OTCQB in the near future.
The Company has granted to directors, officers, employees and consultants an aggregate of 2,040,000 share purchase options with an exercise price of $1.09 per share and a term of three years (the “Options”). The Options will vest over a period of 30 months from the date of grant.
Board of Directors and Audit Committee Changes
The Company would also like to announce the appointment of Nidhi Kumra, CA, CPA, to the Board of Directors and as the Audit Committee Chair.
Nidhi is an accounting and finance professional with over 15 years of experience in audit, finance & business operations. Nidhi graduated with a Bachelor of Business Administration from the Schulich School of Business. She has a Chartered Professional Accountant / Chartered Accountant (CPA, CA) designation. Nidhi started her career at KPMG where she worked for over 9 years and quickly rose to become a senior manager in the audit and assurance practice, working as a team leader of large private and public client engagements. She also served as VP Finance for a global marketing agency, and helped to lead a national implementation of an end-to-end ERP system across the enterprise. Previous to that, Nidhi led the finance team at Labatt Breweries, a subsidiary of AB InBev – a Fortune 500 Company. She was a key strategic partner working on the transformation of the business through system implementations, designing corporate budgets, and leading acquisition integrations. Most recently, Nidhi has served as CFO of entrepreneurial start up companies in CPG, technology and marketing sectors. She has served as a public company CFO where she helped the company grow through evaluation, analysis & acquisition of strategic investments. As a CFO, Nidhi has helped aid companies through strategic acquisitions, obtaining debt and equity investments, liquidation process, and sale process as well. She is focused on growing companies by applying her strengths in strategy, accounting, finance and tax.
Jeff Dawley has resigned as a member of the Board of Directors and as the Audit Committee Chair due to personal reasons, effective June 30, 2023. Mr. Dawley has confirmed that he has no disagreements with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the Company's shareholders. The Company and the Board of Directors would like to thank Mr. Dawley for his contributions and wish him well in his future endeavors.
Recent Toggle3D.ai News
- Toggle3D.ai Begins Trading on the Canadian Securities Exchange (CSE: TGGL)
- Nextech3D.ai AI- IPO Spin-off Toggle3D.ai Approved By The Canadian Securities Exchange (CSE) to Trade on Wednesday June 14th Symbol: TGGL
- Nextech3D.ai’s Generative AI CAD-3D Design Studio “Toggle3D” Goes Live
Toggle3D.ai (CSE:TGGL) (OTC:TGGLF) is a groundbreaking SaaS solution that utilizes generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of superior 4K 3D models, serving various industries within the $160 billion CGI market. With its Augmented Reality-based rapid prototyping web app, Toggle3D empowers designers, artists, marketers, and eCommerce owners to effortlessly convert, texture, customize, and publish high-quality 3D models and experiences, regardless of technical or 3D design expertise.
Toggle3D.ai Benefits Over 3D Legacy Software
NO Learning Curve
Toggle3D.ai stands out from legacy 3D design software by eliminating the learning curve and making 3D design accessible to everyone, regardless of their technical background. Unlike traditional systems that require months of learning, Toggle3D.ai simplifies the process by humanizing design terminology, providing guided templates, and using machine learning to make the tools user-friendly.
Being web-based, users can access Toggle3D.ai instantly on their browsers without the need for downloads, updates, or system compatibility concerns. Additionally, the platform will offer advanced in-app collaboration features, enabling multiple users to work together on the same project in real-time, facilitating quick feedback, decision-making, and cross-department collaboration.
These collaborative tools empower businesses to adopt 3D design organization-wide, enhancing workflow efficiency and unleashing the potential of group iteration.
Toggle3D.ai Investor Relations
Visit the Toggle3D Investor Relations website and sign up for the investor mailing list to receive the latest news, press releases, investor presentations, CEO interviews, financial information and more.
Sign up for the investor mailing list - click here
Follow Toggle3D.ai on Social Media
For further information, please contact:
Investor Relations Contact(s)
Julia Viola, Lindsay Betts
CEO and Director
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.