In a statement, KWESST told shareholders that it believes that trading on the OTCQB will provide additional liquidity and increase its visibility within the US capital markets.
The Ottawa-based technology company also said it had retained Hybrid Financial Ltd to provide marketing and corporate services for a six-month period that is automatically renewable on a three-month basis.
Hybrid works on behalf of its clients to build brands and launch products in Canada and the United Stataes. The firm will be paid $22,500 per month, with Steve Marshal acting as the account lead at Hybrid.
KWESST also said it had issued 24,214 shares priced at C$0.70 to AGORA Internet Relations Corp for services rendered in the amount of $16,950.
In addition, the company said it entered into debt settlement agreements with arm’s length parties in order to settle outstanding unpaid debts totalling $47,000. KWESST has agreed to issue 67,143 common shares at a price of $0.70 per share to settle these debts.
The group also granted 50,000 options to an officer of the company to purchase shares of KWESST at $0.70 per share on or before November 20, 2025.
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