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HAPBEE ANNOUNCES OPTION AND RSU GRANT
Vancouver, British Columbia (March 5, 2021) – Hapbee Technologies, Inc. (TSXV: HAPB) (“Hapbee” or the “Company”), a wellness technology company utilizing groundbreaking magnetic field technology in its Hapbee wearable, is pleased to announce that it has granted stock options exercisable to purchase up to an aggregate of 40,000 shares of the Company and restricted stock units exercisable to purchase up to an aggregate of 100,000 shares of the Company, to certain consultants pursuant to the Company’s stock option plan (the “Option Plan”) and restricted stock unit plan (“RSU Plan”), as the case may be. The options are exercisable at the price of C$0.67 per share until March 5, 2029, subject to any earlier termination in accordance with the Option Plan; the restricted stock units are exercisable until March 5, 2024, subject to any earlier termination in accordance with the RSU Plan.
Hapbee is a wearable magnetic field technology company that aims to help people choose how they feel. Powered by patented ultra-low Radio Frequency Energy (ulRFE®) technology invented and licensed by EMulate Therapeutics, Inc., Hapbee delivers low-power electromagnetic signals designed to produce sensations such as Happy, Alert, Focus, Relax, Calm and Sleepy.
You can learn more about how Hapbee works at www.hapbee.com/science.
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Forward-Looking Information Disclaimer
Certain statements included in this news release constitute forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This news release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. Statements (if any) about the size and growth rate of markets or sectors, Hapbee’s business plans, e-commerce strategies or its upcoming development targets are all forward-looking information. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including, anticipated costs, and the ability to achieve its goals.
Factors that could cause the actual results to differ materially from those in the forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, and general economic, market or business conditions, changes in legislation and regulations, increase in operating costs, equipment failures, failure of counterparties to perform their contractual obligations, litigation, the loss of key directors, employees, advisors or consultants and fees charged by service providers. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. These risks, uncertainties and assumptions include, but are not limited to, those described in Hapbee’s prospectus dated October 26, 2020, a copy of which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.
This news release contains information obtained by the Company from third parties. The Company believes such information to be accurate but has not independently verified such information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.