InvestorWire NewsRoom


Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) Announces Closing of $14 Million Bought Deal Public Offering of Units
April 15, 2021

Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) Announces Closing of $14 Million Bought Deal Public Offering of Units

  • NexTech AR Solutions Corp. closed the $14 million bought-deal short-form prospectus that the company will use for working capital and other purposes
  • The company issued 2,801,500 units of the company for $5.00 per Unit
  • Nextech recently launched the live holoportation feature that can beam the hologram of a person virtually anywhere in the world

Nextech AR Solutions (CSE: NTAR) (NEO: NTAR) (OTCQB: NEXCF) (FSE: N29), is a leading provider of virtual and augmented reality (“AR”) experience technologies and services, based in Vancouver, Canada. The company recently announced the closing of $14 million (the “Offering”) bought-deal short-form prospectus that the company will use for working capital and other purposes. The company issued 2,801,500 units of the company (the “Units”) at $5.00 per Unit and 100,000 common share purchase warrants, as a partial exercise of the over-allotment option amounting to the gross proceeds to roughly $14 million (

The Offering was led by Research Capital Corporation (formerly Mackie Research Capital Corporation) as the sole underwriter and sole bookrunner (the “Underwriter”). Shareholders are entitled to purchase a common share at an exercise price of $6 at any time until April 8, 2023. That date could be moved up with notice subject to NexTech stock trades above $10 on the Neo Exchange for 15 consecutive trading days.

Each Unit consists of one common share of the company and one-half of one Common Share purchase warrant of the company (each whole Common Share purchase warrant, a “Warrant”). The net proceeds raised under the Offering will be used by the company as described in the final short form prospectus of the company dated March 31, 2021.

Nextech believes in creating infinite virtual experiences that engage with your communities and audiences with AR product visualization. In keeping with this innovative approach to design and development, Nextech AR Solutions Corp. recently launched the live holoportation feature in its AiR Show app. The live streaming event showcased Nextech CEO, Evan Gappelberg, featuring a live demo wherein viewers could beam his hologram into their homes. Holoportation is the transportation of a product or person from a particular location, to virtually, all around the world (

Nextech acquired the AiR Show app, its seventh acquisition, from TRICK 3D in the last quarter of 2020. The holoportation technology is still going through many advancements.

For more information, visit the company’s website at

NOTE TO INVESTORS: The latest news and updates relating to NEXCF are available in the company’s newsroom at

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published:

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(862) 930-1404

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).