Toggle3D.ai (the “Company”) (CSE: TGGL), a revolutionary SaaS solution that uses generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of high-quality 3D models is pleased to announce that It has completed the IPO spin-out of Nextech3D.ai and is now trading on the Canadian Securities Exchange (the “CSE”) under the symbol: TGGL.
Access the TGGL listing on the CSE – Click here
Nextech3D.ai holds 13,000,000 common shares in escrow, representing an approximate 50% interest in Toggle3D.ai.
Toggle3D.ai has raised $2,158,118 and issued 8,632,473 units (the “Units”) at a price of $0.25 per Unit. Each Unit consists of one ordinary share (“Share”) in the capital of the Company and one share purchase warrant (“Warrant”), each Warrant being convertible into one additional Share at a price exercise fee of $0.50 for a period of 36 months from the date of issue.
Four million shares of Toggle3D.ai common stock have been issued as a stock dividend to Nextech3D.ai shareholders on a pro rata basis, which are now expected to settle in brokerage accounts this week. The Toggle3D.ai spin-out follows Nextech’s successful 10/26/2022 spin-out of ARway.ai, currently trading on (CSE:ARWY), (OTCQB:ARWYF) and (FSE:E65). Full details of the split can be found in Nextech’s management information circular filed on SEDAR.
Toggle3D.ai CEO Evan Gappelberg commented, “With Toggle3D’s IPO today, we successfully raised over $2.1 million without selling any Nextech shares, and issued 4 million new shares of TGGL to our shareholders, representing approximately a 3.6% stock dividend, while retaining 13 million shares in TGGL.” He continued, “We continue to deliver value to our shareholders with these spin-offs while continuing to grow our core business of providing 3D models to Amazon and others.”
Toggle3D.ai (CSE:TGGL) is a revolutionary SaaS solution that uses generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of premium 4K 3D models, serving various industries on the $160 billion CGI market. With its augmented reality-based rapid prototyping web application, Toggle3D enables designers, artists, marketers, and e-commerce owners to effortlessly convert, texturize, customize, and publish high-quality 3D models and experiences, regardless of either their technical or 3D design expertise.
Toggle3D.ai has become a standalone public company, with plans to expand its presence in the Frankfurt and OTC markets in the near future. This strategic move drives innovation and unlocks substantial shareholder value, reflecting Nextech3D.ai’s commitment to advancing the industry.
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COMPUTER SHARING
All registered Nextech3D.ai shareholders who hold Computershare shares must complete the Letter of Transmittal form, which was included in Nextech’s proxy package. It can also be found under the Company’s profile on SEDAR, or otherwise linked below. The Letter of Transmittal form must be returned to Computershare in order to receive their pro rata distribution shares of Toggle3D.ai. Computershare’s standard processing time for the Letter of Transmittal form is 10 business days. Access the Letter of Transmittal form – Click here
BROKERAGE ACCOUNTS
All beneficial shareholders with Nextech3D.ai shares already deposited with their broker will automatically receive the pro rata distributing shares of Toggle3D.ai, as CDS and DTC complete the Letter of Transmittal form on their behalf.
Toggle3D.ai Investor Relations
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About Toggle3D.ai
Toggle3D.ai (CSE:TGGL) is a revolutionary SaaS solution that uses generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of premium 4K 3D models, serving various industries on the $160 billion CGI market. With its augmented reality-based rapid prototyping web application, Toggle3D enables designers, artists, marketers, and e-commerce owners to effortlessly convert, texturize, customize, and publish high-quality 3D models and experiences, regardless of either their technical or 3D design expertise.
Advantages of Toggle3D.ai over older 3D software
NO learning curve
Toggle3D.ai breaks away from older 3D design software by eliminating the learning curve and making 3D design accessible to everyone, regardless of their technical background. Unlike traditional systems that require months of learning, Toggle3D.ai simplifies the process by humanizing design terminology, providing guided models, and using machine learning to make tools user-friendly.
Web-based collaboration
Being web-based, users can instantly access Toggle3D.ai on their browsers without the need for downloads, updates or system compatibility issues. Additionally, the platform will offer advanced in-app collaboration features, allowing multiple users to work together on the same project in real time, facilitating rapid feedback, decision-making and cross-departmental collaboration.
These collaborative tools enable companies to adopt 3D design organization-wide, improving workflow efficiency and unlocking the potential of group iteration.
Visit the Toggle3D.ai website to learn more
https://toggle3d.com/
Follow Toggle3D.ai on social networks
Youtube: https://www.youtube.com/@Toggle3D
Instagram: https://www.instagram.com/toggle3d.ai/
Facebook: https://www.facebook.com/Toggle3D
LinkedIn: https://www.linkedin.com/company/toggle3d-ai/
Twitter: https://twitter.com/Toggle3Dai
For more information, please contact:
Investor Relations
Julia Viola, Lindsay Betts
Investor.relations@toggle3D.ai
Toggle3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
Forward-looking statements
The CSE has not reviewed and accepts no responsibility for the adequacy or accuracy of this release.
Certain information contained herein may constitute “forward-looking information” under Canadian securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “will” or variations of such words and phrases or statements that certain actions, events or results “will occur”. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.