{"id":457347,"date":"2021-03-15T07:33:08","date_gmt":"2021-03-15T11:33:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457347"},"modified":"2021-03-15T07:33:08","modified_gmt":"2021-03-15T11:33:08","slug":"posabit-systems-corporation-grants-stock-options","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/posabit-systems-corporation-grants-stock-options\/","title":{"rendered":"POSaBIT Systems Corporation Grants Stock Options"},"content":{"rendered":"

<\/p>\n

POSaBIT Systems Corporation Grants Stock Options<\/b><\/p>\n

TORONTO & SEATTLE–(BUSINESS WIRE<\/a>)–
\nPOSaBIT Systems Corporation (\u201cPOSaBIT<\/b>\u201d or the \u201cCompany<\/b>\u201d), a leading financial technology company delivering unique payment processing and point-of-sale (POS) systems for cash-only businesses with a focus on the cannabis industry, announces that the Board of Directors has approved the grant of 744,400 stock options (the \u201cOptions<\/b>\u201d) to participants of the Company\u2019s stock option plan (the \u201cPlan<\/b>\u201d). The Options are exercisable into common shares of the Company at an exercise price of C$0.275 per share over the next 10 years, with vesting periods ranging from immediately to 4 years, all in accordance with the Plan.\n<\/p>\n

\nAs of the date hereof, a total of 16,610,000 common shares of the Company are reserved for issuance under the Plan and after the grant, there are 12,337,369 options outstanding, with 4,272,631 available for issuance under the Plan.\n<\/p>\n

About POSaBIT<\/b><\/p>\n

\nPOSaBIT (CSE: PBIT) is a financial technology company that delivers unique and innovative, blockchain-enabled payment processing and point-of-sale systems for cash-only businesses. POSaBIT specializes in resolving pain points for complex, high-risk, emerging industries like cannabis with an all-in-one solution that is compliant, user-friendly and utilizes top-of-the-line hardware. POSaBIT\u2019s unique solution provides a safer and transparent environment for merchants while creating a better overall experience for the consumer. For additional information, visit: www.posabit.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210315005209\/en\/<\/a><\/span><\/p>\n

Investor Relations:
\n<\/b>
investors@posabit.com
\n<\/a><\/p>\n

Media Relations:
\n<\/b>
Oscar Dahl
\n
855-767-2248
\n
oscar@posabit.com
\n<\/a><\/p>\n

Management:
\n<\/b>
Ryan Hamlin
\n
Co-founder and CEO of POSaBIT
\n
855-767-2248
\n
investors@posabit.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Canada Washington<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Tobacco Banking Specialty Professional Services Software Alternative Medicine Health Retail<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

POSaBIT Systems Corporation Grants Stock Options TORONTO & SEATTLE–(BUSINESS WIRE)– POSaBIT Systems Corporation (\u201cPOSaBIT\u201d or the \u201cCompany\u201d), a leading financial technology company delivering unique payment processing and point-of-sale (POS) systems for cash-only businesses with a focus on the cannabis industry, announces that the Board of Directors has approved the grant of 744,400 stock options (the \u201cOptions\u201d) to participants of the Company\u2019s stock option plan (the \u201cPlan\u201d). The Options are exercisable into common shares of the Company at an exercise price of C$0.275 per share over the next 10 years, with vesting periods ranging from immediately to 4 years, all in accordance with the Plan. As of the date hereof, a total of 16,610,000 common shares of the Company are reserved … <\/p>\n

Continue reading “POSaBIT Systems Corporation Grants Stock Options”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-457347","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPOSaBIT Systems Corporation Grants Stock Options - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/posabit-systems-corporation-grants-stock-options\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"POSaBIT Systems Corporation Grants Stock Options - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"POSaBIT Systems Corporation Grants Stock Options TORONTO & SEATTLE–(BUSINESS WIRE)– POSaBIT Systems Corporation (\u201cPOSaBIT\u201d or the \u201cCompany\u201d), a leading financial technology company delivering unique payment processing and point-of-sale (POS) systems for cash-only businesses with a focus on the cannabis industry, announces that the Board of Directors has approved the grant of 744,400 stock options (the \u201cOptions\u201d) to participants of the Company\u2019s stock option plan (the \u201cPlan\u201d). The Options are exercisable into common shares of the Company at an exercise price of C$0.275 per share over the next 10 years, with vesting periods ranging from immediately to 4 years, all in accordance with the Plan. 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