TORONTO, June 4, 2024
/CNW/ -- Sabio Holdings Inc. (TSXV: SBIO) (OTCQB: SABOF)
(the "Company" or "Sabio"), a
California-based ad-tech company
that specializes in delivering highly targeted ads, insights, and
services in ad-supported streaming to top Fortune 100 brands, today
announced the grant of 210,000 stock options ("Options") under the
Company's Omnibus Equity Incentive Plan ("Plan") to certain
directors and officers of the Company to acquire an aggregate of
210,000 common shares in the capital of the Company. The
Options were granted effective June 04, 2024 ("Grant
Date") and are subject to the terms of the Plan, the applicable
grant agreements and the requirements of the TSX Venture Exchange
("TSXV"). A summary of the Awards granted is as follows:
- An aggregate of 200,000 Options were granted to certain
independent directors of the Company and represent compensation to
the directors for their service to the Company. The Company does
not currently pay cash to its independent directors. The Options
are granted pursuant to the Plan and grant the holder the right to
purchase one Common Share for each option at a purchase price of
$0.25CAD per Common Share for a period of 10 years
from the date of issue and will vest quarterly over thirty-six
months.
- An aggregate of 10,000 Options were granted to an Officer of
the Company. The Options are granted pursuant to the Plan and
grants the holder the right to purchase one Common Share for each
option at a purchase price of $0.25CAD per Common
Share for a period of 10 years from the date of issue and will vest
quarterly over thirty-six months.
About Sabio
Sabio Holdings (TSXV: SBIO, OTCQB: SABOF) is a technology and
services leader in the fast-growing ad-supported streaming space.
Its cloud-based, end-to-end technology stack works with top blue
chip, global brands and the agencies that represent them to reach,
engage, and validate streaming audiences. Sabio Holdings' companies
consist of Sabio – a demand-side platform (DSP) powered through our
proprietary ad-serving technology; App Science™ – a non-cookie
based software as a service (SAAS) analytics and insights platform
with AI natural language capabilities; and FWD (formerly known as
Vidillion) – an ad-supported streaming supply side platform (SSP)
that includes server-side ad-insertion (SSAI) technology.
For more information, visit: sabioholding.com.
This news release shall not constitute an
offer to sell or the solicitation of an offer to buy any securities
in any jurisdiction.
Neither the TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information: Sajid Premji, Chief Financial Officer,
investor@sabio.inc, Phone: 1.844.974.2662; Aideen McDermott, Investor Relations,
investor@sabio.inc
SOURCE Sabio Inc.