• Nextech AR has closed a $10M private placement with a single institutional investor
  • Nextech AR has joined the Khronos Group
  • The Khronos Group is a non-profit, member-driven consortium of over 180 retailers, manufacturers, and technology companies
  • Nextech’s CEO Evan Gappleberg sat down with Dave Jackson to discuss the news
  • Nextech will collaborate with other notable tech companies to create and define industry standards
  • Nextech AR is a leader in the rapidly growing augmented reality industry
  • Nextech AR Solutions Corp. opened trading at C$1.36 per share

Nextech AR (NTAR) has closed its previously announced capital raise and joined the Khronos Group as a contributor member.

The company issued 8,130,082 common shares and warrants to an institutional investor for gross proceeds of approximately $10 million.

The Khronos Group is a consortium of companies creating advanced standards in 3D, Augmented Reality (AR) and Virtual Reality (VR),  and Metaverse. 

Nextech’s CEO Evan Gappleberg sat down with Dave Jackson to discuss the news.

Nextech will collaborate with other notable tech companies to create and define industry standards, keeping the company at the forefront of emerging technology and technological advances. The exploratory group will work together to research the creation of standards and guidelines to produce and distribute real-time 3D representations of products so they can be experienced realistically and consistently across all platforms and devices, such as mobile, Web and AR/VR solutions.

The Khronos Group is a non-profit, member-driven consortium of over 180 industry-leading companies creating standards for 3D graphics, augmented and virtual reality, parallel programming, vision acceleration and machine learning.

Nextech AR Solutions is a Metaverse company bringing augmented reality (AR) to the masses by creating an AR ecosystem featuring ecommerce solutions for websites, AR learning and education as well as AR live streaming for events.

Nextech AR Solutions Corp. (NTAR) opened trading at C$1.36 per share.

More From The Market Online

Metasphere developing carbon credit protocol for grid-scale batteries

Metasphere Labs (CBOE:LABZ) unveils a new initiative designed to accelerate the decarbonization of the electricity grid.

Mullen Group: Navigates market challenges towards success

Mullen Group Ltd. (TSX:MTL), a prominent player in Canada’s logistics landscape, has recently released its Q1 2024 results.

@ the Bell: TSX gains on latest economic report

Mining stocks led gainers on the TSX, followed by the financial sector, while the telecom market was the biggest decliner.