ARway CEO Acquires Shares to Settle Indebtedness

ARway Corporation, based in Toronto, announced that its CEO, Evan Gappelberg, has acquired 3,786,363 common shares of the company. The shares, valued at $0.055 each, were issued in satisfaction of an outstanding debt totaling $208,250. Gappelberg chose to receive shares instead of cash to compensate for his salary over the past years.

The newly issued shares will be under a statutory hold period, set to expire four months and one day from the issuance date. This share issuance is pending approval from the Canadian Securities Exchange.

ARway, notable for its innovations in augmented reality navigation and AI event solutions, reinforces its commitment to resolving financial obligations strategically through equity rather than cash payouts, reflecting a confidence in the company's growth and future potential.