TORONTO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- ARHT Media Inc. (“ARHT” or “the Company”) (TSXV:ART), the global leader in the development, production and distribution of high-quality, low latency hologram and digital content, today announced that CEO Larry O’Reilly, CFO and COO Rick Blum, and Chairman William Connell Steers have purchased Company shares in the amount of $375,050 by exercising a total of 2,885,000 warrants. ARHT will receive $375,050 from these warrants. In the past few days two other investors in ARHT exercised 3,777,778 warrants for proceeds to ARHT of an additional $491,111.14.
“The commitment of capital from our management team and Board reflects our confidence in ARHT’s growth trajectory and the view that ARHT’s current share price is undervalued compared to our performance to-date, as well as the opportunities that lie ahead,” stated Larry O'Reilly, CEO of ARHT Media. “The Company received over $375,000 from these warrants, plus an additional $491,111 from two other current shareholders, which will be used to further expand our presence around the world.”