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CALGARY, AB, Dec. 10, 2021 /CNW/ - Katipult Technology Corp. (TSXV: FUND) ("Katipult" or the "Company") announces that it has granted restricted share units (the "RSUs") under the Company's Restricted Share Unit Plan (the "RSU Plan") to each of its independent directors (the "RSU Recipients").
In aggregate, 370,000 RSUs have been granted. Each RSU represents the right to receive one common share of the Company upon vesting. All the RSUs will vest on December 3, 2021, subject to the terms and conditions set forth in the RSU Plan.
These grants represent compensation to the RSU Recipients for their respective service to the Company as Directors for the upcoming year and as an incentive mechanism to foster the interest of such persons in the success of the Company.
Katipult (www.katipult.com) is a provider of industry leading and award-winning software infrastructure for powering the exchange of capital in equity and debt markets. Our cloud-based platform and solutions digitize investment workflow by eliminating transaction redundancy, strengthening compliance, delighting investors, and accelerating deal flow. Katipult provides unparalleled adaptability for regulatory compliance, asset structure, business model, and localization requirements.
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release, including statements regarding the vesting of the RSUs, constitute forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including, but not limited to RSU Recipients continuing in their service to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Katipult Technology Corp.
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