Gappelberg Acquires 21 Million Shares Across Three Companies

Evan Gappelberg, CEO of Nextech3D.ai, has opted to settle outstanding debts by acquiring over 21 million shares of the company instead of receiving cash for his salary, a move that signals confidence in the company's future. This decision also extends to his roles at ARway and Toggle3D, where he has made significant stock purchases as well, totaling millions of shares among the three companies. The stock-based compensation approach is part of a broader strategy as these firms prepare for aggressive product launches in 2025, aimed at enhancing their offerings in augmented reality and artificial intelligence technologies. Market reactions have been positive, with all three micro-cap AI stocks experiencing gains following the announcement. Each share issuance is subject to a statutory hold period and requires approval from the Canadian Securities Exchange. Gappelberg plans to discuss the companies' strategies and future plans in an upcoming livestream event.