Nextech3D.ai CEO to Receive Shares in Lieu of Unpaid Salary
Nextech3D.ai (CSE:NTAR, OTCQX:NEXCF) announced that its CEO, Evan Gappelberg, will receive shares instead of unpaid salary. The company plans to issue 7,420,880 common shares at a deemed price of $0.10 per share, totaling $742,088 in compensation owed over several years. This move aims to reduce the company's liabilities and strengthen its balance sheet while preserving cash for strategic growth initiatives such as sales expansion, product development, customer acquisition, and operational execution across key business units like EventDex, Map D, and KraftyLabs. Gappelberg stated that receiving shares aligns his interests with shareholders and reflects confidence in the company's future value creation through its technology platforms and enterprise engagement solutions. The CEO has a history of deferring compensation and reinvesting via equity ownership. Following this transaction, he will remain one of Nextech3D.ai’s largest shareholders.
Tickers: $NEXCF
Topics: balance sheet management CEO compensation equity issuance