Business
Legend Power Extends Capital Markets Advisory Contract and Grants Incentive Stock Options
VANCOUVER, BC / ACCESSWIRE / July 2, 2021 / Legend Power Systems® (TSXV:LPS)(OTCQB:LPSI...
About this update from Legend Power Systems Inc.
[{"type":"text","content":"Legend Power Extends Capital Markets Advisory Contract and Grants Incentive Stock OptionsVANCOUVER, BC / ACCESSWIRE / July 2, 2021 / Legend Power Systems® (TSXV:LPS)(OTCQB:LPSIF), a global leader in commercial electrical system solutions, today announced that it has granted stock options to acquire up to a total of 300,000 common shares to a director and an officer. The stock options are exercisable for a five-year term, expiring on July 2, 2026 at a price of $0.75 per common share. The options are subject to vesting provisions, with one-sixth vesting six months from the date of grant, and one-sixth vesting and becoming exercisable every six months thereafter. The stock options are non-transferable.The Company also announces that it has renewed its agreement with Sophic Capital Inc. (\"Sophic\") to act as its Investor Relations firm. Sophic will be paid $7,000 per month for a term of 12 months and has been granted 300,000 stock options at a price of $0.75 per share. The stock options are subject to vesting provisions, with 25% vesting three months from the date of grant and 25% vesting every three months thereafter. The options are exercisable until 5:00 PM (ET) on the earlier of (i) ninety days after termination of the agreement or (ii) June 30, 2024, being the date that is three years from the date the agreement was signed by the Company. Sophic currently holds 749,500 Common Shares and 500,000 stock options in the capital of the Company.About SmartGATE™SmartGATE™ is an industry-leading, turnkey solution which identifies and fixes underperformance and waste in the electrical system of a commercial building. These performance issues often impact key areas of commercial real estate metrics including occupant safety and satisfaction as well as financial performance. This waste can also lead to higher operating costs, lower net operating income and other potential financial risks to the building owner, including adverse tenant experiences.About Legend Power® Systems Inc.Legend Power® Systems Inc. (www.legendpower.com) provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend's proven solutions support proactive executive decision-making in a complex and volatile business and energy...