VIQ Solutions Inc. (TSX Venture Exchange: VQS and OTCQX Markets: VQSLF), a provider of secure, AI-driven, digital voice and video capture technology and transcription services, has announced that it is accelerating the vesting of 1,103,526 warrants (each a “Warrant”) exercisable to acquire common shares of the company (each a “Common Share”), originally issued pursuant to private placements closing on November 28, 2018, December 20, 2018 and May 7, 2019, the company said.
Pursuant to the terms of the Warrants (the “Warrant Certificates”), the company has the right to accelerate the expiry date of the Warrants in the event that the closing price of the Common Shares on the TSX Venture Exchange is equal to or greater than USD 2.68 for any ten (10) consecutive trading days (an “Acceleration Event”).
The Extension is subject to the acceptance of the TSX Venture Exchange.
VIQ Solutions is a global expert in video capture software and audio recording with voice-to-text capabilities. VIQ provides a cyber-secure AI technology and service platform to law enforcement, immigration, medical, legal, insurance, courts, and transcription service providers, enabling them to unlock the value of their enterprise digital media and streamline their document-creation workflow, using artificial intelligence tools for measurable business gains. For more information about VIQ, visit viqsolutions.com.