CyberCatch Announces Stock Option Grants

About this update from Cybercatch Holdings Inc

[{"type":"text","content":"\n \n \n \n CyberCatch Announces Stock Option Grants\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n and\n \n SAN DIEGO\n \n \n ,\n \n \n May 24, 2023\n \n \n /CNW/ --\n \n \n \n CyberCatch Holdings, Inc.\n \n \n \n (\"\n \n CyberCatch\n \n '' or the \"\n \n Company\n \n \") (\n \n \n \n TSXV: CYBE\n \n \n \n ), an innovative cybersecurity company offering an AI-enabled platform solution for continuous compliance and cyber risk mitigation, is pleased to announce that it has granted an aggregate of 3,200,000 stock options (the \"Options\") to officers, employees and advisors of the Company in accordance with the Company's stock option plan (the \"Plan\"). The Options are exercisable at a price of\n \n $0.50\n \n per share for a period of five years from the date of grant.\n \n \n \n \n \n \n \n \n \n The Company's founder, chairman and CEO, Sai Huda, decided to cancel 2,000,000 of his vested performance warrants with an exercisable price of\n \n $0.25\n \n in\n \n March 2023\n \n in order to contribute the 2,000,000 to the Options pool to be used to grant stock options to officers, employees and advisors.\n \n \n \"Our guiding principle at CyberCatch is to take exceptional care of our team so they are inspired to deliver the finest solution to our customers and superb results for our investors. This is just another way for me to personally thank, appreciate and inspire our exceptional team, while protecting our shareholders from any dilution,\" said Sai Huda, founder, chairman and CEO, CyberCatch.\n \n \n Of the 2,000,000 Options granted to officers of the Company, 1,000,000 Options will vest upon shareholder approval at the Company's upcoming annual general meeting on\n \n July 5, 2023\n \n (the \"AGM\") and 1,000,000 Options will vest in monthly increments over the next 24 months from shareholder approval at the AGM. The remaining 1,200,000 Options are granted to advisors and employees of the Company, and will also vest in monthly increments over the next 24 months from shareholder approval at the AGM.\n...

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