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- 40FR12B Initial registration of securities (Canada)
- 99.1 News Release Dated January 3, 2019
- 99.2 News Release Dated January 8, 2019
- 99.3 News Release Dated January 11, 2019
- 99.4 News Release Dated January 15, 2019
- 99.5 News Release Dated January 17, 2019
- 99.6 News Release Dated January 22, 2019
- 99.7 News Release Dated January 24, 2019
- 99.8 Interim Financial Statements for the Period Ended November 30, 2018
- 99.9 Interim Management's Discussion and Analysis for the Period Ended November 30, 2018
- 99.10 News Release Dated February 5, 2019
- 99.11 News Release Dated February 7, 2019
- 99.12 News Release Dated February 12, 2019
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- 99.33 News Release Dated April 25, 2019
- 99.34 News Release Dated April 26, 2019
- 99.35 Interim Financial Statements for the Period Ended February 29, 2019
- 99.36 Interim Management's Discussion and Analysis for the Period Ended February 29, 2019
- 99.37 News Release Dated April 30, 2019
- 99.38 News Release Dated May 1, 2019
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- 99.57 Material Change Report Dated June 27, 2019
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- 99.75 Material Change Report Dated August 29, 2019
- 99.76 Notice of the Meeting and Record Date Dated September 12, 2019
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- 99.80 News Release Dated September 24, 2019
- 99.81 News Release Dated September 27, 2019
- 99.82 Annual Audited Financial Statements for the Year Ended May 31, 2019
- 99.83 Annual Management's Discussion and Analysis for the Year Ended May 31, 2019
- 99.84 News Release Dated October 3, 2019
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- 99.90 News Release Dated October 24, 2019
- 99.91 Notice of Meeting, Management Information Circular, and Proxy Materials for Annual General Meeting of Shareholders to Be Held November 13, 2019
- 99.92 Interim Financial Statements for the Period Ended August 31, 2019
- 99.93 Interim Management's Discussion and Analysis for the Period Ended August 31, 2019
- 99.94 News Release Dated October 30, 2019
- 99.95 News Release Dated October 31, 2019
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- 99.102 Notice of Change of Year End Dated November 25, 2019
- 99.103 News Release Dated November 26, 2019
- 99.104 News Release Dated November 28, 2019
- 99.105 Report of Exempt Distribution Filed with Autorite Des Marches Financiers Dated November 29, 2019
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- 99.138 News Release Dated March 24, 2020
- 99.139 Audited Financial Statements for the Seven Months Ended December 31, 3019 and Year Ended May 31, 2019
- 99.140 Management's Discussion and Analysis for the Seven Months Ended December 31, 3019 and Year Ended May 31, 2019
- 99.141 News Release Dated March 27, 2020
- 99.142 News Release Dated April 9, 2020
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- 99.145 Share Purchase Agreement Dated April 30, 2020
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- 99.152 Interim Financial Statements for the Period Ended March 31, 2020
- 99.153 Interim Management's Discussion and Analysis for the Period Ended March 31, 2020
- 99.154 News Release Dated May 19, 2020
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- 99.158 News Release Dated May 26, 2020
- 99.159 Amended and Restated Management's Discussion and Analysis for the Seven Months Ended December 31, 3019 and Year Ended May 31, 2019
- 99.160 News Release Dated May 29, 2020
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- 99.174 Annual Information Form for the Seven Months Ended December 31, 2019 Dated June 29, 2020
- 99.175 News Release Dated July 2, 2020
- 99.176 News Release Dated July 7, 2020
- 99.177 News Release Dated July 9, 2020
- 99.178 Material Change Report Dated July 13, 2020
- 99.179 Material Change Report Dated July 13, 2020
- 99.180 News Release Dated July 13, 2020
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- 99.182 Notice of the Meeting and Record Date Dated July 16, 2020
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- 99.185 News Release Dated July 22, 2020
- 99.186 Qualification Certificate Dated July 23, 2020
- 99.187 Marketing Materials Dated July 23, 2020
- 99.188 Preliminary Prospectus Dated July 23, 2020
- 99.189 News Release Dated July 23, 2020
- 99.190 News Release Dated July 27, 2020
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- 99.192 Material Change Report Dated July 29, 2020
- 99.193 News Release Dated July 30, 2020
- 99.194 Notice of Meeting, Management Information Circular, and Proxy Materials for Annual General Meeting of Shareholders to Be Held August 27, 2020
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- 99.198 News Release Dated August 13, 2020
- 99.199 News Release Dated August 17, 2020
- 99.200 Warrant Indenture Dated August 20, 2020
- 99.201 News Release Dated August 25, 2020
- 99.202 Interim Financial Statements for the Period Ended June 30, 2020
- 99.203 Interim Management's Discussion and Analysis for the Period Ended June 30, 2020
- 99.204 News Release Dated August 25, 2020
- 99.205 News Release Dated August 27, 2020
- 99.206 News Release Dated August 31, 2020
- 99.207 News Release Dated September 3, 2020
- 99.208 News Release Dated September 9, 2020
- 99.209 News Release Dated September 11, 2020
- 99.210 Consent of Dale Matheson Carr-hilton Labonte LLP
- 28 Mar 22 40FR12B/A Initial registration of securities (Canada) (amended)
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15 Sep 20 40FR12B Initial registration of securities (Canada)
- 15 Sep 20 F-X Appointment of agent for service of process by issuers registering securities
Exhibit 99.189
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
NEXTECH AR ANNOUNCES PUBLIC OFFERING OF UNITS
Santa Cruz, California and Toronto, Ontario / July 23, 2020 – NexTech AR Solutions Corp. (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29) (the “Company” or “NexTech”), is pleased to announce that it has filed and been receipted for a preliminary short form prospectus with the securities regulatory authorities in all of the provinces of Canada (except Québec) in connection with a marketed public offering (the “Offering”) of units of the Company (the “Units”). The Offering is being led by Mackie Research Capital Corporation as sole agent and sole bookrunner (the “Agent”).
Each Unit shall be comprised of one common share in the capital of the Company (each a “Common Share”) and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant being a “Warrant”). Each Warrant is exercisable into one common share (each a “Warrant Share”) at an exercise price to be determined in the context of the market.
The final pricing of each Unit, the exercise price of each Warrant, and the term of each Warrant will be determined in the context of the market prior to the filing of the final short form prospectus in respect of the Offering.
The Company has granted the Agent an option (the “Over-Allotment Option”) to cover over-allotments and for market stabilization purposes, exercisable in whole or in part at the sole discretion of the Agent, at any time up to 30 days from the closing of the Offering, to increase the size of the Offering by up to 15% of the number of Units (and/or the components thereof) sold pursuant to the Offering, on the same terms and conditions of the Offering.
The net proceeds raised under the Offering will be used for sales and marketing expenses, research and development, working capital and general corporate purposes.
The closing of the Offering is currently expected to be on or about the week of August 17, 2020 and is subject to certain conditions including, but not limited to the execution of an agency agreement and the receipt of all necessary regulatory approvals including the approval of the Canadian Securities Exchange (the “Exchange”).
The Company will use commercially reasonable efforts to list the Common Shares and the Warrant Shares on the Exchange, subject to the Company fulfilling all of the listing requirements of the Exchange.
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The Units are to be sold on a “best efforts” basis through the Agent by way of short form prospectus to be filed in each of the provinces of Canada except Québec and in such other jurisdictions outside of Canada and the United States on an exempt basis in accordance with applicable securities laws. The securities described in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended (“U.S. Securities Act”) or any state securities laws. Accordingly, the securities may not be offered or sold in the United States (as such term is defined in Regulation S under the U.S. Securities Act) or to, or for the account or benefit of, a U.S. person (as such term is defined in Regulation S under the U.S. Securities Act) except pursuant to transactions exempt from registration under the U.S. Securities Act and under the securities laws of any applicable state. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities in the United States. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
About NexTech AR Solutions
NexTech is one of the leaders in the rapidly growing augmented reality (AR) industry, estimated to hit $120 billion by 2022, according to Statista. NexTech, the first publicly traded “pure-play” AR company, began trading on the Exchange on October 31st, 2018. NexTech has a two-pronged strategy for rapid growth including growth through acquisition of eCommerce businesses and growth of its omni-channel AR SaaS platform called ARitize™.
The Company is pursuing four verticals in AR.
ARitize™ For eCommerce: The Company launched its technologically advanced webAR for eCommerce early in 2019. Its current customers include Walther Arms, Wright Brothers, Mr. Steak, and Budweiser. NexTech has the first ‘full funnel’ end-to-end eCommerce solution for the AR industry including its 3D product capture, 3D ads for Facebook and Google, ‘Try it On’ technology for online apparel, 3D and 360-degree product views, and ‘one click buy’.
ARitize™ 3D/AR Advertising Platform: The Company launched this advertising platform in the first quarter of 2020. The ad platform will be the industry’s first end-to-end solution whereby the company will leverage its 3D asset creation into 3D, 360, AR ads. In 2019, according to IDC, global advertising spend will be about $725 billion.
InfernoAR: InfernoAR is a SaaS video platform that integrates interactive video, artificial intelligence and augmented reality in one secure platform to allow enterprises the ability to create virtual event management and learning experiences. InfernoAR has automated closed captions in over 64 languages.
ARitize™ Hollywood Studios: The studio has created a proprietary entertainment venue for which it is producing immersive content using 360 video, and AR as the primary display platform.
To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.nextechar.com.
For further information, please contact:
Evan Gappelberg
Chief Executive Officer
info@nextechar.com
(631) 655-6733
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NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Caution regarding forward-looking information
Certain information set forth in this news release, including, without limitation, information regarding the requisite regulatory approvals and the anticipated development of NexTech’s products and markets, is forward-looking information within the meaning of applicable securities laws. By its nature, forward-looking information is subject to numerous risks and uncertainties, some of which are beyond NexTech’s control. The forward-looking information contained in this news release is based on certain key expectations and assumptions made by NexTech, including expectations and assumptions regarding the terms, timing and potential completion of the Offering, satisfaction of regulatory requirements in various jurisdictions and the use of proceeds from the Offering.
Forward-looking information is subject to various risks and uncertainties which could cause actual results and experience to differ materially from the anticipated results or expectations expressed in this news release. The key risks and uncertainties include but are not limited to: general global and local (national) economic, market and business conditions; governmental and regulatory requirements and actions by governmental authorities; and relationships with customers, business partners and competitors, the Company’s ability to win business from new customers and expand business from existing customers, the timing of new customer wins, and achieving the Company’s development goals. As a result of the foregoing, readers should not place undue reliance on the forward-looking information contained in this news release concerning the development of NexTech’s products and markets and the receipt of all required regulatory approvals. A comprehensive discussion of other risks that impact NexTech can also be found in NexTech’s public reports and filings which are available under NexTech’s profile at www.sedar.com.
Readers are cautioned that undue reliance should not be placed on forward-looking information as actual results may vary materially from the forward-looking information. NexTech does not undertake to update, correct or revise any forward-looking information as a result of any new information, future events or otherwise, except as may be required by applicable law.
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