ARHT Media Announces Growth Equity Investment

TORONTO, Feb. 22 2022 (GLOBE NEWSWIRE) — ARHT Media Inc. (“ARHT Media“or the”Company“) (TSXV:ART) (OTCQB:ARHTF), the global leader in the development, production and distribution of high-quality, low-latency holograms and digital content, today announced the closing of a private placement with a group of strategic investors, led by Samacha Capital Inc., an investment company controlled by Jonathan Pollack, under which the Company issued $10 million worth of Company Units (“Units“) at a price of $0.275 per Unit in a non-brokered private placement (the “Offer“). currently vice president of corporate strategy at PointClickCare and former head of Middle East and Africa strategy at Apple, also joined the board as an additional independent director.

The Company will use the net proceeds of the Offering:

  • to finance the accelerated deployment of its HoloPresenceMT technology, including the company’s global partnership with WeWork;
  • expand its addressable market by introducing new products;
  • significantly increase investment in the Company’s sales team and marketing expenses; and
  • for general working capital purposes.

“This significant investment, made at a premium to the current share price, represents validation of the significant underlying value of our technology, product offering and growth initiatives,” said Larry O. ‘Reilly, Chairman and CEO of ARHT Media. “This injection of growth capital will allow us to accelerate the execution of our existing business plan, in particular with an accelerated deployment of expanded sites, including our WeWork partnership. In addition, this capital will allow ARHT Media to “entering additional markets with new and innovative products that greatly expand the use case and accessibility of our core technology. We are especially pleased to add Jonathan Pollack and Deborah Beatty to our Board of Directors, as they both have substantial business, financial and strategic experience, primarily in the technology sector, to help us accelerate our growth.”

“I am very pleased to join the ARHT Media Board of Directors and to work closely with Larry and his world-class team to increase market penetration, revenue growth and the company’s financial position,” said Jonathan Pollack.

Unit terms
Each unit is made up of one common share (a “Ordinary share“) and one-half common share purchase warrant (each whole warrant, one “To guarantee“). Each warrant entitles its holder to purchase one common share at a price of $0.40 for a period of three years from the date of issue. a holding period of four months and one day from the date of issue.

Board members
Jonathan Pollack is President of Samacha Capital Inc, a private investment firm. Previously, he was CFO of AcuityAds Holdings Inc. (TSX/NASDAQ), CFO of Kaboose Inc. (TSX) and Executive Vice President of API Technologies (NASDAQ), as well as an investment banker in New York . Mr. Pollack sits on the boards of several public and private corporations, as well as numerous philanthropic organizations. Mr. Pollack holds a Master of Science in Finance from the London School of Economics and a Bachelor of Commerce from McGill University.

Deborah Beatty is Vice President of Corporate Strategy at PointClickCare, Canada’s leading private equity-backed health technology company. Deborah has extensive experience helping businesses build robust growth strategies leveraging new technologies, across multiple geographies. Previously, Deborah was Head of Middle East and Africa Strategy for Apple Inc., COO of Monitor Company in the MENA region, VP of Digital at Astral Media (TSE) and Corus Entertainment (TSE/NYSE) , and strategy consultant at Monitor Company based in New York and London. Deborah holds an MBA from INSEAD and a BA from Princeton University.

Advisors
The Company has engaged Cormark Securities Inc. (“Cormark“) to provide financial advisory services to the Company. Pursuant to the terms of the engagement, and subject to the receipt of all necessary regulatory approvals, including, but not limited to, the approval of the Stock Exchange TSX Venture Company, the Company has agreed to pay Cormark $75,000 in common shares of the Company in consideration for the services provided by Cormark in connection with the engagement. In addition, the Company has agreed to pay Cormark a fee in cash equal to 4% of the gross proceeds of the Offering and such number of Company Compensation Options (“Compensation options“) equal to 4% of the Units sold under the Offering. Each Compensation Option is exercisable in one Unit at a price of $0.275 for a period of three years from issuance.

About ARHT Media
ARHT Media’s patented HoloPresence technology is a complete end-to-end solution that creates a sense of presence for the audience, as if the holographic presenter is actually live in the room. With no noticeable latency, ARHT Media makes possible two-way live communication with a 3D holographic presenter anywhere in the world. We can also play pre-recorded content and 3D animations on our HoloPresence displays to provide rich holographic experiences. Add to that our ability to broadcast the same content online on our premium virtual world stage.MT.

Connect with ARHT Media
Twitter: http://www.twitter.com/ARHTmedia
Facebook: http://www.facebook.com/ARHTmediainc
LinkedIn: http://www.linkedin.com/company/arht-media-inc-

For more information, please visit www.arhtmedia.com or contact the Investor Relations group at [email protected]

ARHT Media trades under the symbol “ART” on the TSX Venture Exchange andARHTF on the OTCQB.

ARHT
Salman Amin
ARHT Media
[email protected]

Samacha Capital Inc.
jonathan pollack
[email protected]

This press release may contain “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, the intention to complete the proposed financing; the Company’s sales funnel disclosure; Company technology; potential uses of the Company’s technology; future planned events using the Company’s technology; the future success of the Company; the Company’s ability to monetize ARHT Media technology; the development of the Company’s technology; and the parties’ interest in ARHT’s products. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is planned”, “budget”, “expects”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or states that certain actions, events or results “may”, “could”, “would”, “could” or “will be taken”, “will occur” or “will be carried out”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; the risks inherent in technological operations; and other technology industry risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be those anticipated, estimated or expected. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS ITS TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE RELEVANCE OR ACCURACY OF THIS RELEASE.

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