TORONTO, June 2, 2015 /CNW/ - AcuityAds Holdings Inc. (TSXV:AT) ("AcuityAds" or the "Company") is pleased to announce that it has retained Trapeze Capital Corp. ("Trapeze") to provide market-making services, subject to the approval of the TSX Venture Exchange ("TSXV"). Trapeze will trade shares of the Company on the TSXV, in accordance with applicable TSXV policies, with the objective of contributing to market liquidity of the Company's shares.
Under the terms of the agreement (the "Agreement"), with an effective date of June 1, 2015, Trapeze will receive compensation of $5,000 per month paid up front on a quarterly basis. Trapeze will not receive shares or options as compensation. However, Trapeze and its clients may have or may acquire a direct interest in the securities of the Company. AcuityAds and Trapeze are unrelated and unaffiliated entities; Trapeze is a member of the Investment Industry Regulatory Organization of Canada, a participating organization of TSX and a member of TSXV. The capital and securities required for any trade undertaken by Trapeze as principal will be provided by Trapeze.
The Agreement is for an initial term of 90 days and shall be automatically renewed for subsequent 30 day periods unless terminated earlier by 30 days' prior written notice by the Company or Trapeze.
AcuityAds has developed a programmatic marketing platform powered by proprietary machine learning technology that allows advertisers to target and connect intelligently with their audiences across online display, video, social and mobile campaigns. With operations in New York, Toronto, Los Angeles, Montreal, Chicago, and Boston, AcuityAds's customers include both large Fortune 500 enterprises and small to mid-sized businesses. For more information, visit www.acuityads.com.
Disclaimer in regards to Forward-looking Statements
Certain statements included herein constitute "forward-looking statements" within the meaning of applicable securities laws, including but not limited to statements regarding AcuityAds' areas of focus and service offerings. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward-looking statements. Except as required by law, AcuityAds does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. The Company's client that has been mentioned in this press release has the right to exercise an out clause right at any time during the advertising campaign.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE AcuityAds Inc.
For further information: Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, [email protected]; Tal Hayek, Chief Executive Officer, AcuityAds Inc., 416-218-9888, [email protected]