Ankündigung • Sep 19
American Aires Inc. Announces Resignation of Dimitry Serov from the Board of Directors American Aires Inc. announced that Mr. Dimitry Serov has resigned from the Board of Directors and advised that he will not be standing for re-election at the upcoming annual general meeting of shareholders (the "AGM"), scheduled for Thursday, September 18, 2025. As previously disclosed in the Company's press release dated August 29, 2025, the Special Committee of the Board made certain determinations regarding Mr. Serov's conduct in his role as a director and officer. In light of those determinations, the Board had already concluded it could no longer support Mr. Serov's nomination for re-election. Mr. Serov's decision to resign has pre-empted the need for the Board to postpone the AGM or take additional steps to address Mr. Serov's nomination, thereby allowing the meeting to proceed as scheduled in the ordinary course. The Board considers his resignation to be in the best interests of the Company and its shareholders.
At this time, the Company does not intend to appoint a new director to replace Mr. Serov. Following his departure, the Board and Audit Committee will be comprised of Drew Green (Chairman and Independent Director), Josh Bruni (Director), and Jamie Cochrane (Independent Director). All proxies submitted in favour of the predecessor Board will be voted to elect the reconstituted Board. For more information on the AGM, please refer to the Company's management information circular filed on SEDAR+ and dated August 6, 2025. Reported Earnings • Sep 01
Second quarter 2025 earnings released: CA$0.02 loss per share (vs CA$0.018 loss in 2Q 2024) Second quarter 2025 results: CA$0.02 loss per share (further deteriorated from CA$0.018 loss in 2Q 2024). Revenue: CA$5.99m (up 115% from 2Q 2024). Net loss: CA$2.08m (loss widened 26% from 2Q 2024). New Risk • Sep 01
New major risk - Revenue and earnings growth Earnings have declined by 1.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.1m free cash flow). Negative equity (-CA$3.9m). Earnings have declined by 1.0% per year over the past 5 years. Market cap is less than US$10m (CA$13.1m market cap, or US$9.52m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). Ankündigung • Jul 14
American Aires Inc., Annual General Meeting, Sep 18, 2025 American Aires Inc., Annual General Meeting, Sep 18, 2025. Location: ontario, toronto Canada New Risk • Jun 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.1m (US$9.53m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$8.2m free cash flow). Negative equity (-CA$1.8m). Market cap is less than US$10m (CA$13.1m market cap, or US$9.53m). Minor Risk Share price has been volatile over the past 3 months (18% average weekly change). Reported Earnings • May 28
First quarter 2025 earnings released: CA$0.019 loss per share (vs CA$0.015 loss in 1Q 2024) First quarter 2025 results: CA$0.019 loss per share (further deteriorated from CA$0.015 loss in 1Q 2024). Revenue: CA$5.38m (up 164% from 1Q 2024). Net loss: CA$2.01m (loss widened 86% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. New Risk • Apr 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$8.1m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (CA$17.8m market cap, or US$12.7m). New Risk • Dec 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$8.1m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (76% increase in shares outstanding). Minor Risk Market cap is less than US$100m (CA$20.4m market cap, or US$14.2m). Reported Earnings • Oct 29
Third quarter 2024 earnings released: CA$0.02 loss per share (vs CA$0.013 loss in 3Q 2023) Third quarter 2024 results: CA$0.02 loss per share (further deteriorated from CA$0.013 loss in 3Q 2023). Revenue: CA$4.59m (up 120% from 3Q 2023). Net loss: CA$1.90m (loss widened CA$1.66m from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. New Risk • Oct 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$5.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.5m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (167% increase in shares outstanding). Minor Risk Market cap is less than US$100m (CA$29.1m market cap, or US$21.5m). Reported Earnings • Aug 28
Second quarter 2024 earnings released: CA$0.018 loss per share (vs CA$0.12 loss in 2Q 2023) Second quarter 2024 results: CA$0.018 loss per share (improved from CA$0.12 loss in 2Q 2023). Revenue: CA$2.79m (up 45% from 2Q 2023). Net loss: CA$1.65m (loss narrowed 15% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Ankündigung • Jun 05
American Aires Inc., Annual General Meeting, Aug 01, 2024 American Aires Inc., Annual General Meeting, Aug 01, 2024. Location: ontario, toronto Canada Reported Earnings • May 29
First quarter 2024 earnings released: CA$0.015 loss per share (vs CA$0.054 loss in 1Q 2023) First quarter 2024 results: CA$0.015 loss per share. Revenue: CA$2.04m (up 37% from 1Q 2023). Net loss: CA$1.08m (loss widened 26% from 1Q 2023). Ankündigung • May 23
American Aires Inc. announced that it has received CAD 3.770465 million in funding On May 22, 2024, American Aires Inc. closed the transaction. The company will now issue total 3,968,911 units for aggregate gross proceeds of CAD 3,770,465.45 in the transaction. The company has issued 1,074,411 units at an issue price of CAD 0.95 per unit for the gross proceeds of CAD 1,020,690.45 in its second tranche closing. All units issued pursuant to the listed issuer financing exemption are not subject to resale restrictions in Canada in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange. All other securities not issued pursuant to the listed issuer financing exemption, including the compensation options and the corporate finance fee warrants, are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring four months and one day from the date of issuance. Ankündigung • May 18
American Aires Inc. announced that it has received CAD 2.749775 million in funding On May 16, 2024, American Aires Inc. closed the transaction. The company has now issued 2,894,500 units at an issue price of CAD 0.95 per unit for the gross proceeds of CAD 2,749,775. All Units issued pursuant to the Listed Issuer Financing Exemption are not subject to resale restrictions in Canada in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange. All other securities not issued pursuant to the Listed Issue Financing Exemption, including the Compensation Options and the Corporate Finance Fee Warrants, are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring on September 17,2024. Ankündigung • May 09
American Aires Inc. announced that it expects to receive CAD 3.0001 million in funding American Aires Inc. announced a best efforts private placement of up to 3,158,000 units at an issue price of CAD 0.95 per unit for the gross proceeds of CAD 3,000,100 on May 8, 2024. Each Unit will be comprised of one common share and one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one common share at an exercise price of CAD 1.20 per Warrant Share for a period of 5 years following the closing of the Offering. The Offering is expected to close on or about May 16, 2024, or such other date as the Company and Eight Capital may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary Canadian Securities Exchange, regulatory and other approvals. The Offering is being completed pursuant to the Listed Issuer Financing Exemption, the securities issued to Canadian resident subscribers in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. Upon closing of the Offering, the Company shall pay to Eight Capital: (i) a cash commission equal to 7% of the aggregate gross proceeds of the Offering; and (ii) non-transferrable broker warrants of the Company exercisable at any time prior to the date that is 24 months following the closing of the Offering to acquire that number of Units equal to 7% of the number of Units issued under the Offering at an exercise price equal to the Issue Price. Reported Earnings • Apr 12
Full year 2023 earnings released: CA$0.18 loss per share (vs CA$0.25 loss in FY 2022) Full year 2023 results: CA$0.18 loss per share. Revenue: CA$5.98m (up 2.7% from FY 2022). Net loss: CA$4.75m (loss widened 21% from FY 2022). Ankündigung • Mar 21
American Aires Inc. Announces Board Changes American Aires Inc. announced the appointment of Jamie Cochran to the company's Board of Directors who will be replacing Ruslan Elensky. Replacing Ruslan's seat on the Board of Directors is Jamie Cochran, an existing shareholder with 4.6 million shares and 1.6 million warrants. Jamie's e-commerce experience and success combined with his relationships with public personas and celebrities in the health and wellness space completes the team as the Company is gearing up to widen and deepen its presence in the space. Jamie's expected contribution will be to foster strategic partnerships with trend-setting individuals and businesses. This initiative aligns with the recently announced #airesathletes program targeting professional athletes and elite performers. Jamie Cochran is a seasoned professional in e-commerce, particularly within the health and wellness segment, with over 15 years of experience leading online ventures to significant success and cumulatively driving sales of approximately $1 billion. As the President of WoofWell, he has demonstrated a commitment to innovation and customer satisfaction, further enhancing his reputation as a strategic and visionary leader. Additionally, his advisory role at MD Medica showcases his ability to provide strategic insights, contributing to the company's growth and service enhancement. Ankündigung • Feb 18
American Aires Inc. announced that it has received CAD 4 million in funding On February 16, 2024, American Aires Inc., closed the transaction. As a part of the transaction, the company paid a cash fee of CAD 47,249.99 to certain arm's length finders, and issued to certain arm's length finders 289,100 non-transferrable finder's warrants, each exercisable to acquire one Unit at a price of CAD 0.15 per Unit for a period for 24 months from the Closing, subject to the Accelerated Expiry. The offering is subject to final approval of the Canadian Stock Exchange. The securities issued in connection with the Offering are subject to a hold period of four months and one day pursuant to CSE policies and applicable securities laws. Ankündigung • Feb 06
American Aires Inc. announced that it expects to receive CAD 2.5 million in funding American Aires Inc. announced a non-brokered private placement offering of up to 16,666,667 units at an issue price of CAD 0.15 per Unit for aggregate gross proceeds of up to CAD 2,500,000.05 on February 5, 2024. Each Unit will be comprised of one common share and one common share purchase warrant being exercisable into one Common Share at a price of CAD 0.25 per share for a period of 24 months from closing of the Offering. The Company will have the option to increase the Offering to 20,000,000 Units for aggregate gross proceeds of CAD 3,000,000 depending on market conditions. In connection with the Offering, the Company may pay to certain finders a cash fee equal to 7% of the gross proceeds from subscribers that are introduced to the Company by such finders, and issue to certain finders such number of Units equal to 7% of the number of Units that are sold to subscribers introduced to the Company by such finders. Each Finder's Unit shall be on the same terms as the Units sold in the Offering. The Offering is subject to the approval of the CSE. The Common Shares and Warrants will be subject to a hold period of four months and one day pursuant to CSE policies and applicable securities laws. The Offering is expected to close on or about February 12, 2024, or such earlier or later date as the Company may designate. Reported Earnings • Nov 24
Third quarter 2023 earnings released: CA$0.013 loss per share (vs CA$0.081 loss in 3Q 2022) Third quarter 2023 results: CA$0.013 loss per share (improved from CA$0.081 loss in 3Q 2022). Revenue: CA$2.09m (up 77% from 3Q 2022). Net loss: CA$235.1k (loss narrowed 82% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. New Risk • Oct 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 81% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (76% average weekly change). Negative equity (-CA$4.0m). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Market cap is less than US$10m (CA$3.44m market cap, or US$2.51m). Ankündigung • Sep 26
American Aires Inc. announced that it has received CAD 1.042 million in funding On September 25, 2023, American Aires Inc. closed the transaction. The company has issued issued 717 units at an issue price of CAD 1,000 for the gross proceeds of CAD 717,000 in its second and final tranche. Pursuant to the final tranche of the transaction, the company paid a finder's fee of CAD 11,100. The company has raised total gross proceeds of CAD 1,042,000 through the issuance of 1,042 units in the transaction. New Risk • Aug 26
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$502k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$502k free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Negative equity (-CA$4.0m). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (CA$2.50m market cap, or US$1.84m). Minor Risk Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Reported Earnings • Aug 24
Second quarter 2023 earnings released: CA$0.012 loss per share (vs CA$0.006 loss in 2Q 2022) Second quarter 2023 results: CA$0.012 loss per share (further deteriorated from CA$0.006 loss in 2Q 2022). Revenue: CA$1.93m (up 29% from 2Q 2022). Net loss: CA$1.94m (loss widened 102% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. Ankündigung • Jun 16
American Aires Inc. announced that it expects to receive CAD 3 million in funding American Aires Inc. announced a non-brokered private placement to issue 12% 3,000 units secured convertible debenture at an issue price of CAD 3,000,000 on June 15, 2023. Each Unit shall consist of one CAD 1,000 principal amount secured convertible debenture and 20,000 common share purchase warrants. The Debentures shall bear interest at a rate of 12.0% per annum, payable semi-annually in arrears on the last day of June and December in each year, with the first interest payment payable on June 30, 2023, and mature on June 30, 2025. The Debentures will be convertible into common shares in the capital of the Company at the market price of the Common Shares at the time of conversion, subject to the approval of the Canadian Securities Exchange in the event such price is below CAD 0.05, determined by the most recent closing price of the Common Shares on the day of conversion, at the option of the holder at any time prior to the close of business on the earlier of the last business day immediately preceding the Maturity Date, and the date fixed for redemption. Each Warrant shall entitle the holder thereof to acquire one Common Share at an exercise price of CAD 0.05 until June 30, 2025. In addition, the Debentures are secured by all of the assets of the Company. In connection with the transaction, the Company will pay registered dealers or finders a cash commission equal to 6% of the aggregate gross proceeds from the sale of the Units to a subscriber referred to the Company by such registered dealer or finder.
On the same date, the company issued 325 units at an issue price of CAD 1,000 for the gross proceeds of CAD 325,000 in the first trance. Pursuant to the first tranche of the transaction, the Company paid a finder's fee of CAD 19,500. All securities issued pursuant to the transaction are
subject to a four month hold period from the date of issue. Reported Earnings • May 20
First quarter 2023 earnings released: CA$0.005 loss per share (vs CA$0.009 loss in 1Q 2022) First quarter 2023 results: CA$0.005 loss per share (improved from CA$0.009 loss in 1Q 2022). Revenue: CA$1.49m (up 116% from 1Q 2022). Net loss: CA$861.3k (loss narrowed 41% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 06
Full year 2022 earnings released: CA$0.025 loss per share (vs CA$0.043 loss in FY 2021) Full year 2022 results: CA$0.025 loss per share (improved from CA$0.043 loss in FY 2021). Revenue: CA$5.82m (up 128% from FY 2021). Net loss: CA$3.91m (loss narrowed 36% from FY 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Board Change • Mar 14
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 2 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Chief Product Officer, President, Secretary, Treasurer & Director Dimitry Serov is the most experienced director on the board, commencing their role in 2012. Independent Director Andrew Michrowski was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Ankündigung • Dec 13
American Aires Inc. Appoints Vitali Savitski as Chief Financial Officer American Aires Inc. announced that, further to its of December 6, 2022, Mr. Vitali Savitski has been appointed as Chief Financial Officer effective immediately. Mr. Savitski is an iBBA graduate from Schulich School of Business with 15 years of experience in capital markets, equity research and analysis, implementation and design of business development strategies and the development of successful business models for a variety of industries and businesses, including his own ventures. Ankündigung • Nov 04
American Aires Inc. Announces the Resignation of Chris Irwin as Director American Aires Inc. announces the resignation of Chris Irwin as a director of the Company. The Company would like to thank Mr. Irwin for his contributions to the Company and wishes him the best in his future endeavors. Ankündigung • May 28
American Aires Inc. announced that it expects to receive $0.5 million in funding American Aires Inc. announced a private placement of promissory note with an arm's-length lender, whereby the lender agreed to advance up to $500,000 on May 26, 2022. The loan will be evidenced by a promissorynote in favour of the lender. The maturity date of the loan is 1 year from the date of the note and the rate of interest is 8% per annum. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. Independent Director Russell Elensky is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Mar 10
American Aires Inc. Launches Video Series Demonstrating Product Efficacy American Aires Inc. launched their first video of a series demonstrating the effectiveness of the Aires microprocessor at eliminating the biological effects of radiation emitted from electronic devices. Inspired by an earlier peer-reviewed study performed by leading researchers, this video demonstration shows the same compelling visualization of the physiological response of a human brain with and without the use of the Aires microprocessor. To lead this demonstration, Aires enlisted the help of a leading neuroscientist and certified QEEG/Brain Mapping expert and CEO of NeuroField Inc. Dr. Nicholas Dogris of Santa Barbara, CA. Using electroencephalography ("EEG"), Dr. Dogris mapped real-time brain activity of 4 test subjects while performing basic activities using wireless technology devices. While several of the demonstrations captured the brain's responses to regular tasks performed while using a cell phone, one demonstrations looked at the change in brain waves while using a VR headset. As consumers continue to move towards virtual and augmented reality or the Metaverse, understanding the body's biological response to a device worn so close to the brain was of importance to Aires. Ankündigung • Dec 22
American Aires Inc. announced that it has received CAD 0.246 million in funding American Aires Inc. announced that it has issued 2,460,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 246,000 on December 21, 2021. The transaction included participation from certain insiders of the company for CAD 46,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at a price of CAD 0.15 per common share for a period of 24 months from the closing. The company paid finder's fee of CAD 19,350 and issued an aggregate of 193,500 broker warrants. Each broker warrant entitles the holder thereof to acquire one common share at an exercise price of CAD 0.15 for a period of 24 months from the closing. All securities will be subject to a statutory hold period of four months from the closing date. Reported Earnings • Dec 04
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.011 loss per share (up from CA$0.013 loss in 3Q 2020). Revenue: CA$446.8k (down 31% from 3Q 2020). Net loss: CA$1.60m (loss widened 6.1% from 3Q 2020). Revenue was in line with analyst estimates. Reported Earnings • Sep 01
Second quarter 2021 earnings released: CA$0.009 loss per share (vs CA$0.013 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: CA$541.0k (down 4.1% from 2Q 2020). Net loss: CA$1.12m (loss narrowed 24% from 2Q 2020). Reported Earnings • Jun 03
First quarter 2021 earnings released: CA$0.016 loss per share (vs CA$0.023 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CA$618.5k (up 89% from 1Q 2020). Net loss: CA$1.95m (loss narrowed 22% from 1Q 2020). Ankündigung • May 14
American Aires Inc. announced that it expects to receive CAD 5 million in funding American Aires Inc. (CNSX:WIFI) announced a non-brokered private placement of up to 33,333,333 units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 5,000,000 on May 13, 2021. Each unit is comprised of one common share and one transferable common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share to be issued on the due exercise of the warrants at a price of CAD 0.3 per warrant share for twenty-four months from the date of the closing of the transaction, subject to an acceleration event. The expiry date of the warrants may be accelerated by the company at any time following the date that is four months from the closing of the transaction and prior to the expiry date of the warrants if the volume weighted average price of the common shares on the Canadian Securities Exchange is greater than CAD 0.45 for any ten consecutive trading days at which time the Company may, within ten business days of the acceleration event, accelerate the expiry date of the warrants by issuing a press release announcing the reduced warrant term whereupon the warrants will expire on the 20th calendar day after the date of such press release. A finder's fee may apply to a portion of the proceeds raised of a cash commission equal to 7% of the aggregate gross proceeds, and finders warrants equal to 7% of the number of units sold, exercisable for units of the company. All securities issued will be subject to a four month hold period from the date of issue. Closing of the transaction is subject to all customary regulatory and board approvals of the company. Reported Earnings • May 05
Full year 2020 earnings released: CA$0.068 loss per share (vs CA$0.038 loss in FY 2019) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: CA$2.31m (up 234% from FY 2019). Net loss: CA$7.59m (loss widened 123% from FY 2019). Executive Departure • Mar 21
Independent Director has left the company On the 19th of March, Anthony Di Benedetto's tenure as Independent Director ended after 2.8 years in the role. We don't have any record of a personal shareholding under Anthony's name. Anthony is the only executive to leave the company over the last 12 months. Ankündigung • Mar 21
American Aires Inc Announces Management Changes AMERICAN AIRES INC announced the appointment of Mr. Andrew Michrowski to the company's Board of Directors, effective 19 March 2021. Mr. Michrowsk replaces outgoing director, Mr. Tony Di Benedetto. Mr. Michrowski attended the Politecnico di Milano, Architecture, Urbanism &Regional Planning, with engineering &sciences. He is currently a consultant with an international scientific NGO at the United Nations: Planetary Association for Clean Energy, which focuses on advanced clean energy systems and monitors technological threats. Prior thereto, Mr. Michrowski served as Chief Planner with Indian and Northern Affairs, and previously, he held positions as forecaster, policy analyst and program evaluator with the Secretary of State. He has headed multi-year Canadian EMF in housing study for the Canada Mortgage and Housing Corporation team. Is New 90 Day High Low • Feb 10
New 90-day high: CA$0.36 The company is up 80% from its price of CA$0.20 on 11 November 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 55% over the same period. Is New 90 Day High Low • Jan 23
New 90-day high: CA$0.26 The company is up 37% from its price of CA$0.19 on 23 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 33% over the same period. Reported Earnings • Nov 27
Third quarter 2020 earnings released: CA$0.013 loss per share The company reported a solid third quarter result with improved revenues and control over expenses, though losses increased. Third quarter 2020 results: Revenue: CA$646.6k (up 368% from 3Q 2019). Net loss: CA$1.51m (loss widened 286% from 3Q 2019). Ankündigung • Oct 08
American Aires Announces New Design Patent Approved American Aires Inc. announced it has won a design patent from the US Patent and Trademark Office to protect Aires' unique hardware design for the DEFENDER model. The design is also patent protected in Canada, Europe, and the Russian Federation and allows Aires to exclude other manufacturers from making, using, selling, or importing into the US a product like the one that Aires has created. The design patent is granted protection for 15 years. Additionally, Aires reported the early exercise of 5 million warrants as of October 5th 2020 for proceeds of $700,000 used for general working capital purposes. Is New 90 Day High Low • Sep 29
New 90-day low: CA$0.21 The company is down 30% from its price of CA$0.30 on 30 June 2020. The Canadian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is flat over the same period.