Graph Blockchain Approves Grant of Restricted Share Units to Employees, Directors, and Consultants
Toronto, Ontario – Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (FSE: RT50) (“GBLC” or “Graph Blockchain” or the “Company”) is pleased to announce that the Board of Directors has approved the grant of an aggregate of 7,300,000 restricted share units (“RSUs”) under the Company’s omnibus incentive plan (the “Plan”) to employees, directors, and consultants of the Company. The RSUs vest immediately. The Plan was approved by the shareholders of the Company on July 28, 2022.
Graph Blockchain provides exposure to various areas of Decentralized Finance (DeFi). Focusing on altcoins through its wholly-owned subsidiaries Babbage Mining Corp., a Proof of Stake (“POS”) miner, and Beyond the Moon Inc. an IDO-focused company, Graph gives investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains altcoins represent. Through its strategic acquisitions, Graph is assembling a collection of products and technologies that will lead the DeFi market and offer an unprecedented investment for shareholders.
This grant of RSUs demonstrates the Company’s commitment to rewarding and retaining its employees, directors, and consultants. By providing them with an opportunity to benefit from the Company’s future success, Graph Blockchain incentivizes its team members to contribute to the growth and development of the business.
RSUs are a form of equity compensation that grant the holder the right to receive shares of the Company’s stock in the future, subject to certain conditions. These conditions typically include the vesting period, which is the length of time the holder must wait before being able to exercise the RSUs and receive the underlying shares.
The immediate vesting of the RSUs is an attractive incentive for employees, directors, and consultants as it allows them to reap the benefits of the Company’s success without having to wait for an extended period. This aligns the interests of the team members with those of the shareholders, promoting a collective goal of driving the Company’s growth and increasing shareholder value.
The Plan, under which the RSUs were granted, was approved by the shareholders of the Company, signaling their confidence in the Company’s future prospects. This level of support from the shareholders further reinforces the Company’s position as a leader in the DeFi market and demonstrates their belief in the potential of cryptocurrencies and altcoins.
Graph Blockchain’s strategic acquisitions, including Babbage Mining Corp. and Beyond the Moon Inc., position the Company to capitalize on the disruptive potential of blockchain technology and the emerging market of cryptocurrencies. By assembling a collection of products and technologies, Graph Blockchain aims to lead the DeFi market and provide shareholders with a unique investment opportunity.
For additional information on Graph Blockchain and other corporate information, please visit the Company website at www.graphblockchain.com.
This news release contains “forward-looking statements” within the meaning of applicable securities laws. These statements are based on certain assumptions and expected future events, and they involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or otherwise, except as required by applicable law.
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