Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF, FRA:1SS) CEO Evan Gappelberg purchased 250,000 common shares of the company in open-market transactions at an average price of about $0.11 per share, the company said on Tuesday.
Following the purchase, Gappelberg owns more than 30 million shares of Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF), making him the company's largest shareholder, according to the company.
"I have always believed in aligning management with shareholders, and this open market purchase reflects my confidence in Nextech3D.ai, our team, and our long-term business strategy," Gappelberg said.
"We continue to focus on executing our growth initiatives, advancing our AI-powered technology solutions, and serving our expanding customer base."
The company said the shares were acquired using Gappelberg's personal funds.
"I now own over 30 million shares of Nextech3D.ai. My investment reflects my commitment to the company and my belief in the long-term potential of our technology, products, and strategic direction," Gappelberg said.