AirIQ Announces Stock Option Grant to Chief Revenue Officer

AirIQ Inc. ("AirIQ"), based in Toronto, Ontario, and noted for its IoT based asset management solutions, announced a significant development on March 26, 2024. The Board of Directors has granted stock options to Michael Lawless, the company’s Chief Revenue Officer. This grant, effective March 25, 2024, includes 400,000 options for common shares at an exercise price of $0.42 per share.

The company, listed under the symbol TSXV:IQ, elaborated that all terms of the option grants align with AirIQ's Stock Option Plan. Additionally, the grant awaits approval from the TSX Venture Exchange. With 29,403,574 common shares currently issued and outstanding, AirIQ's rolling stock option plan permits a maximum of 10% of these shares for option grants, equating to 2,940,357 shares. This recent grant to Lawless brings the total reserved shares for option issuance to 2,940,000.