Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) announced that its CEO Evan Gappelberg has significantly increased his stake in the company by acquiring more than 21 million shares.
This boosts his total ownership along with joint actors to 17.3% of the company’s outstanding shares.
Prior to this Gappelberg and his joint actors held about 10.7 million shares representing about 6.5% of the company.
Following the acquisition, the CEO’s direct holdings increased to about 28.5 million shares, with an additional 1.25 million shares available through convertible securities.
The shares were acquired for investment purposes, the company said.