Toggle3D.ai Inc (CSE:TGGL) has announced that its common shares are now available for trading in the US on the OTC Pink Sheets Open Market under the stock symbol TGGLF.
On June 14, 2023, Toggle3D.ai was spun out by its parent company Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) and directly listed on the CSE at a price of $0.25. Nextech retains control of 13 million shares of Toggle3D or about 45% of the shares issued and outstanding.
In a statement, Evan Gappelberg, CEO of Toggle3D commented: "We are thrilled to witness the early market enthusiasm for Toggle3D 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 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.”
Board change and stock options
Toggle3D also announced the appointment of Nidhi Kumra to its board of directors and as chair of its audit committee.
Kumra is an accounting and finance professional with over 15 years of experience in audit, finance and business operations. Most recently, she has served as CFO of entrepreneurial start-up companies in CPG, technology and marketing sectors.
The company noted that Jeff Dawley has resigned as a member of its board and as the Audit Committee chair due to personal reasons, effective June 30, 2023. The company thanked Dawley for his contributions and wished him well in his future endeavors.
Toggle3D also said it 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 will vest over a period of 30 months from the date of grant.
Toggle3D 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.
Contact the author at jon.hopkins@proactiveinvestors.com