TORONTO and NEW YORK, April 4,
2019 /CNW/ - AcuityAds Holdings Inc. (TSXV:AT) ("AcuityAds"
or "Company"), a technology leader that provides targeted digital
media solutions enabling advertisers to connect intelligently with
audiences across digital advertising campaigns, is pleased to
announce that it has entered into an amending agreement to its
credit agreement dated June 15, 2018
whereby the maturity date of the term loan has been extended from
June 15, 2020 to June 15, 2021. The remaining principal amount
outstanding under the credit agreement is approximately
$6 million.
In addition, the Company issued 625,000 options to officers and
executives of the Company in lieu of 2018 cash bonuses as well as
issued 140,000 options to independent directors as their 2019 total
compensation.
About AcuityAds:
AcuityAds is a leading technology company that provides
marketers a powerful and holistic solution for digital advertising
across all ad formats and screens to amplify reach and Share of
Attention® throughout the customer journey. Via its unique,
data-driven insights, real-time analytics and industry-leading
activation platform based on proprietary Artificial Intelligence
technology, AcuityAds leverages an integrated ecosystem of partners
for data, inventory, brand safety and fraud prevention, offering
unparalleled, trusted solutions that the most demanding marketers
require to be successful in the digital era.
AcuityAds is headquartered in Toronto with offices throughout the U.S.,
Europe and Latin America.
For more information, visit AcuityAds.com.
Disclaimer in regards to Forward-looking
Statements
Certain statements included herein constitute "forward-looking
statements" within the meaning of applicable securities laws.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by
management at this time, are inherently subject to significant
business, economic and competitive uncertainties and
contingencies. Investors are cautioned not to put undue
reliance on forward-looking statements. Except as required by
law, AcuityAds does not intend, and undertakes no obligation, to
update any forward-looking statements to reflect, in particular,
new information or future events.
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 AcuityAds Inc.