- FendX Technologies (FNDX) has engaged the services of Generation IACP Inc. to provide market making services
- Generation is based in Toronto, Ontario, and is an independently held and registered broker
- Generation’s market making activity will primarily contribute to market liquidity of the company’s shares
- FendX is a nanotechnology company focusing on developing products that reduce the transmission of pathogens
- FendX Technologies Inc. (FNDX) is up 4.88 per cent, trading at C$0.43 per share at 10:54 am ET
FendX Technologies (FNDX) has engaged the services of Generation IACP Inc. to provide market making services.
Generation will receive a fee of $7,500 plus applicable taxes per month. The agreement between the company and Generation is for an initial term of six months. It will renew automatically for subsequent six month periods unless the company provides written notice of termination to Generation.
On the first anniversary of the agreement, the fee payable to Generation will automatically increase annually by 3.0 per cent. The company did not grant any stock options or other compensation in connection with the engagement.
Generation is based in Toronto, Ontario, and is an independently held and registered broker. It does not currently own any securities of the company. However, Generation and its clients may acquire an interest in the securities of FendX in the future.
Generation’s market making activity will primarily contribute to market liquidity of the company’s shares. Generation will be responsible for the costs it incurs in buying and selling the company’s shares. No third party will be providing funds or securities for the market making activities.
About FendX Technologies Inc.
FendX is a nanotechnology company focusing on developing products that reduce the transmission of pathogens. The company’s first product under development, REPELWRAP film, is a protective surface coating film. Due to its repelling properties, REPELWRAP prevents adhesion of pathogens and reduces their transmission on surfaces prone to contamination.
FendX Technologies Inc. (FNDX) is up 4.88 per cent, trading at C$0.43 per share at 10:54 am ET.
