What Happened On Thursday To Make AirTest Technologies (AATGF) Stock Jumped?

In the past trading session, the stock of ATI Airtest Techs Inc (OTCPINK: AATGF) rose 35.67% to $0.0909 per share. During the session, 265.57K shares of AATGF stock changed hands at a price range of $0.0750 to $0.0950. AATGF stock increased after option shares were granted.

Who has been granted the option by AATGF?

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AirTest Technologies is a company focused on IoT technology with a proprietary sensor platform that helps commercial and government buildings improve air circulation and quality while reducing energy costs. In the past decade, AATGF has installed thousands of wired systems in premium chains including Canadian Tire, Shoppers Drug Mart, Lowe’s Stores, and enclosed parking facilities. With its new wireless technologies, AATGF is now launching a new line of technologies with enhanced capabilities and dynamics that help reduce carbon emissions, improve air quality in a Covid19 environment and offer significant energy and cost savings.

AirTest has granted 1,500,000 option shares, of which 500,000 have been granted to a director and to each of the company’s management officers. The option shares have an expiration date of September 28, 2023, and have a price per share of $0.08.

AirTest Technologies has recently appointed Calvin Dirks as a new independent director. Mr. Dirks is a founder of and operates CCS Climate Control Systems Inc., which provides sales and service of commercial HVAC and refrigeration equipment in the Greater Vancouver region. CCS has specialized in Municipal Facilities, Hotels, Commercial, Industrial, and Health Care (Hospital) HVAC needs for more than 15 years, specializing in Chillers, Boilers, Building Automation Systems, Heavy Equipment Air Conditioning, Heating Equipment, and large capacity air handling units.

Having announced an oversubscribed non-brokered private placement offering of units on March 31, 2021, AirTest Technologies has provided closing details regarding the offer. According to the Offering, 9,927,001 units were sold over two trading days on April 6, 2021 and April 7, 2021 at a price of $0.12 per unit for total gross proceeds of $1,191,240.12. There is one common share and one warrant for each unit.

AATGF’s other terms:

In the 24 months following the issuance of each Warrant, the holder may purchase one additional Common Share at $0.20. After four months and one day from the closing date, AATGF may accelerate the expiration of the Warrants if the Common Shares trade above $0.30 for 10 consecutive trading days. This notice will be announced by AATGF through a news release, and in such a case, the warrants will expire on the 30th day following publication of the announcement.

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