MONTREAL, August 11, 2022 /PRNewswire/ – IOU FINANCIAL INC. (“IOU Financial” or the “Company”) (TSXV: IOU), a leading online lender for small businesses (IOUFinancial.com), today announced the grant of options under its Stock Option Plan.
The Company granted options entitling its senior officers, directors and certain officers and consultants to acquire up to an aggregate of 2,650,000 common shares of the Corporation (“Shares”) at an exercise price of $0.16. These options have a term of five years from the date of grant, with one-third (1/3) immediately vesting and one-third (1/3) vesting on each of the first and second anniversaries of the date of the grant.
About IOU Financial Inc.
IOU Financial Inc. is a wholesale lender that provides fast and easy access to growth capital to small businesses through a network of preferred brokers in the US and canada. Based on its proprietary IOU360 technology platform that connects subscribers, traders and brokers in real-time, IOU Financial has become a trusted alternative to banks by originating more than US$1 billion in loans to finance the growth of small companies since 2009. IOU named one of the 50 Best Places to Work in Fintech for 2022 by American Banker and trades on the TSX Venture Exchange under the symbol IOU (TSXV: IOU ) and on the US OTC markets as IOUFF. To learn more about IOU Financial’s corporate history, financial products, or to join our broker network, visit www.IOUFinancial.com.
Neither the TSX Venture Exchange nor its regulation service provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE IOU Financial Inc.