Appulse Corporation Reports Stock Options Granted in Calgary
- Appulse Corporation granted 775,000 stock options to its Directors at a price of 20 cents per share, valid for five years.
- The company divested its primary operating subsidiary in November 2023 and paid dividends to shareholders in 2024.
- Appulse is now focused on identifying new investment opportunities to enhance shareholder value.
On September 27, 2024, Appulse Corporation announced the granting of 775,000 stock options to its Directors at a price of 20 cents per share. These options are valid for a five-year term, expiring on September 26, 2029. This decision follows the Corporation's strategic move on November 1, 2023, when it divested its primary operating subsidiary, Centrifuges Unlimited Inc. Subsequently, Appulse paid dividends and capital reduction distributions to its shareholders in 2024, amounting to 15 cents and 13.5 cents per share, respectively. The Corporation is actively seeking new investment opportunities to enhance shareholder value, indicating a shift in focus after the divestment. The announcement was made in Calgary, Alberta, and reflects the company's ongoing efforts to adapt and grow in a changing market environment.