TORONTO, ON / ACCESSWIRE / February 10, 2021 / Kontrol Technologies Corp. (CSE:KNR)(OTCQB:KNRLF)(FSE:1K8) ("Kontrol Technologies" or "Kontrol" or "Company"), is pleased to announce that it has entered into an agreement with Digital Offering, LLC, a U.S. Broker Dealer, to act as its financial and capital markets advisor to assist the Company with exploring the U.S. Capital Markets, increase investor awareness and potentially listing its shares on a higher U.S. exchange.
"As we build our business, we believe its strategically important to increase our visibility in the US marketplace. After initiating a review of market conditions, we have engaged Digital Offering in order to pursue a NASDAQ listing. We look forward to broadening our institutional shareholder base and enhancing long-term shareholder value," stated Paul Ghezzi, CEO of Kontrol.
"As Kontrol Technologies continues to create shareholder value and is ready to execute the next stage of its evolution, we are pleased to provide the Company with the advice and assistance to access the U.S. equity markets and National Securities Exchanges, providing greater capital access and liquidity to aid the Company as it continues to execute on their growth strategy," stated Mark Elenowitz, Managing Director of Digital Offering.
In consideration of this engagement, Digital Offering will be paid an initial fee of US $25,000 and, upon completion of a successful US listing, an additional payment of US $175,000. Additionally, Digital Offering will be granted 400,000 consultant warrants exercisable for 5 years with a strike price of CAD $4.80, subject to exchange approval.
About Digital Offering, LLC
Digital Offering is the next generation investment bank that specializes in helping high-quality private and public growth companies access U.S. capital markets and achieve their growth objectives. With constantly changing markets and regulation, Digital Offering is applying best practices of traditional investment banking to new securities industry rules to enhance efficiency in capital raising. By leveraging our expertise, strategic alliances and long-standing relationships in the broker-dealer and Registered Investment Advisor industries, we are positioned to widely distribute our offerings to maximize deal awareness among the right investors.
About Kontrol Technologies
Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol Technologies provides a combination of software, hardware, and service solutions to its customers to improve energy management, air quality and continuous emission monitoring.
Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolenergy.com and by reviewing its profile on SEDAR at www.sedar.com