Clear Blue Technologies Engages Sophic Capital for Capital Markets Advisory, Announces RSU and Option Grants
September 13 2021 - 7:40AM
Clear Blue Technologies International Inc. (“Clear Blue”) (TSXV:
CBLU), the Smart Off-Grid™ Company, today announces that it has
appointed Sophic Capital Inc. ("Sophic Capital" or "Sophic") as its
Capital Markets advisor. Sophic Capital is a comprehensive capital
markets advisory firm and will focus on increasing investor
awareness of Clear Blue by developing a comprehensive
communications strategy and introducing Clear Blue to investment
advisors, investment dealers, institutions and other financial
professionals.
"Sophic Capital distinguished itself with its
breadth of capital markets experience, relationships across the
United States and Canada, and initial strategic recommendations to
build Clear Blue Technologies’ investor awareness," said Miriam
Tuerk, Cofounder and CEO of Clear Blue. "As we continue to build
momentum in the business by focusing on our smart off-grid
solutions in global markets, we look forward to leveraging Sophic's
expertise and relationships to communicate our story to a broader
base of investors."
"Clear Blue’s business hits upon several
on-secular growth investment themes," said Sophic Capital CEO Sean
Peasgood. "There are over 3.8 billion unconnected people waiting to
connect to the Internet, and Clear Blue’s wireless, remote power
management monitoring and IoT solutions as well as their predictive
analytics are proving key to ensuring seamless and reliable
connectivity as more people get access. In addition to powering
connectivity solutions via telecom cell phone towers and satellite
wi-fi, Clear Blue also powers smart-city solutions. On behalf of
Sophic’s partners and employees, I’d like to thank Clear Blue
Technologies for selecting us to communicate this exciting,
on-point story."
Clear Blue’s engagement with Sophic Capital is a
12-month term, on a fee-for-services basis of CAD$8,000 per month.
In addition, Clear Blue has granted Sophic 650,000 options to
purchase Clear Blue shares at a price of $0.30 per share. The
options will vest in equal amounts of 162,500 each quarter over 12
months. The vested Options shall be exercisable up until the
earlier of 5:00 p.m. (Toronto time) September 8, 2024, being the
date, which is three (3) years from the start of their Agreement,
or 6 months following its termination. Sophic Capital Inc. and
Clear Blue are unrelated and unaffiliated entities, but Sophic
Capital Inc and/or its clients may have an interest, directly or
indirectly, in the securities of Clear Blue.
Clear Blue further announces that the Board of
Directors has approved the grant of 1,239,053 RSUs to officers and
directors, with 1,055,303 vesting on December 31st 2021 and the
balance of 183,750 vesting annually over 3 years. Each vested RSU
entitles the holder to receive one common share of the Company
(“Share”) by delivering an exercise notice in accordance with the
Company’s 2021 Omnibus Equity Incentive Compensation
Plan.
About Clear Blue Technologies
International
Clear Blue Technologies International, the Smart
Off-Grid™ company, was founded on a vision of delivering clean,
managed, “wireless power” to meet the global need for reliable,
low-cost, solar and hybrid power for lighting, telecom, security,
Internet of Things devices, and other mission-critical systems.
Today, Clear Blue has thousands of systems under management across
37 countries, including the U.S. and Canada. (TSXV: CBLU) (FRA:
0YA) (OTCQB: CBUTF) For more
information, contact:
Miriam Tuerk, Co-Founder and CEO+1 416 433
3952investors@clearbluetechnologies.comwww.clearbluetechnologies.com/en/investors
Nikhil Thadani, Sophic Capital+1 437 836
9669Nik@SophicCapital.com
Legal Disclaimer
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.
Forward-Looking
Statement
This press release contains certain
"forward-looking information" and/or "forward-looking statements"
within the meaning of applicable securities laws. Such
forward-looking information and forward-looking statements are not
representative of historical facts or information or current
condition, but instead represent only Clear Blue’s beliefs
regarding future events, plans or objectives, many of which, by
their nature, are inherently uncertain and outside of Clear Blue's
control. Generally, such forward-looking information or
forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or may contain
statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "will continue", "will occur"
or "will be achieved". The forward-looking information contained
herein may include, but is not limited to, information concerning
financial results and future upcoming contracts. By
identifying such information and statements in this manner, Clear
Blue is alerting the reader that such information and statements
are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity,
performance or achievements of Clear Blue to be materially
different from those expressed or implied by such information and
statements. An investment in securities of Clear Blue is
speculative and subject to several risks including, without
limitation, the risks discussed under the heading "Risk Factors" in
Clear Blue's listing application dated July 12, 2018. Although
Clear Blue has attempted to identify important factors that could
cause actual results to differ materially from those contained in
the forward-looking information and forward-looking statements,
there may be other factors that cause results not to be as
anticipated, estimated or intended. In connection with the
forward-looking information and forward-looking statements
contained in this press release, Clear Blue has made certain
assumptions. Although Clear Blue believes that the assumptions and
factors used in preparing, and the expectations contained in, the
forward-looking information and statements are reasonable, undue
reliance should not be placed on such information and statements,
and no assurance or guarantee can be given that such
forward-looking information and statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information and
statements. The forward-looking information and forward-looking
statements contained in this press release are made as of the date
of this press release. All subsequent written and oral forward-
looking information and statements attributable to Clear Blue or
persons acting on its behalf is expressly qualified in its entirety
by this notice.”
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