STEER Technologies Inc. Receives TSXV Approval to Finalize Corporate Name Change
October 05 2022 - 6:05AM
Business Wire
Facedrive Inc. (“STEER” or “the Company”)
(TSXV: FD) (OTCQX: FDVRF), an integrated ESG technology platform,
is pleased to announce it has received TSX Venture Exchange (the
“TSXV”) approval for its corporate name change from
“Facedrive Inc.” to “STEER Technologies Inc.” and its related stock
symbol change to “STER”. This announcement follows on the Company’s
news release dated April 20, 2022, announcing its overall
rebranding efforts to “STEER” and the approval of its shareholders
to a corporate name change on July 12, 2022. Trading on the TSXV in
the Company’s common shares under the new ticker symbol “STER” will
commence at market opening on October 11, 2022. Contemporaneously,
it is anticipated that the Company’s common shares on the OTCQX
will begin trading under the new stock symbol “STEEF”.
The Company’s common shares have a new CUSIP number of 858335102
and ISIN number of CA8583351025. The transfer agent of the Company
continues to be Odyssey Trust Company. There is no change in the
capitalization of the Company in connection with the change of name
and new trading symbols. No action is required by existing security
holders of the Company with respect to the name change and new
trading symbols. Outstanding common shares certificates or DRS
notices do not need to be exchanged. If registered shareholders
have any questions or wish to receive an updated DRS statement or
share certificate, they can contact the Company’s transfer agent,
Odyssey Trust by calling toll free 1 (587) 885-0960, or by email at
shareholders@odysseytrust.com or by visiting
www.odysseycontact.com.
"We are extremely excited to take this final step in
repositioning our brand as "STEER" and get all final approvals to
start trading under the updated symbol. We feel the new name and
logo truly encapsulate the entirety of STEER’s value proposition as
a means to steer the world towards eco-friendliness and social
responsibility in a nimble and agile manner. Market response and
acceptance of the new name and logo have been positive since the
launch of the rebranding campaign, and we believe that the strong
new brand we are creating will continue to drive growth and steer
us to be a global leader of on-demand and subscription-based
mobility services," said Suman Pushparajah, CEO of the Company.
About the Company
STEER is an integrated ESG technology platform that moves people
and delivers things through subscription and on-demand services.
The Company’s goal is to build a one-of-a-kind system that
aggregates conscientious users, through a series of connected
offerings, and enables them to buy, sell, or invest with the same
platform, STEER. The Company’s offerings generally fall into two
categories: subscription-based offerings led by its flagship
electric vehicle subscription business, STEER EV, and on-demand
services incorporating delivery, B2B marketplace,
Delivery-as-a-Service (DaaS) and rideshare businesses. The
Company’s platform is also powered by EcoCRED, its big data,
analytics and machine learning engine which seeks to capture,
analyze, parse and report on key data points in ways that measure
the Company’s impact on carbon reductions and offsets.
For more about the Company, visit www.steeresg.com. Suman
Pushparajah, CEO suman@steeresg.com STEER 100 Consilium Pl, Unit
400 Scarborough, ON Canada M1H 3E3 www.steeresg.com
Forward-Looking Information
Certain information in this press release contains
forward-looking information, including with respect to the
Company’s business, operations and condition, management’s
objectives, strategies, beliefs and intentions, and the company’s
forward plans to scale up its electric vehicle fleet. This
information is based on management’s reasonable assumptions and
beliefs in light of the information currently available to us and
are made as of the date of this press release. Actual results and
the timing of events (for example, the success of the Company’s
rebranding campaigns with its new name) may differ materially from
those anticipated in the forward-looking information as a result of
various factors. Information regarding our expectations of future
results, performance, achievements, prospects or opportunities or
the markets in which we operate is forward-looking information.
Statements containing forward-looking information are not facts but
instead represent management’s expectations, estimates and
projections regarding future events or circumstances. Many factors
could cause our actual results, level of activity, performance or
achievements or future events or developments to differ materially
from those expressed or implied by the forward-looking
statements.
See “Forward-Looking Information” and “Risk Factors” in the
Company’s Annual Management Discussion & Analysis (MD&A)
for the year ended December 31, 2021 (filed on SEDAR on May 2,
2022) and its interim MD&A for the periods ended March 31, 2022
(filed on SEDAR on May 30, 2022) and June 30, 2022 (filed on SEDAR
on August 29, 2022) for a discussion of the uncertainties, risks
and assumptions associated with these statements and other risks.
Readers are urged to consider the uncertainties, risks and
assumptions carefully in evaluating the forward-looking information
and are cautioned not to place undue reliance on such information.
We have no intention and undertake no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
applicable securities legislation and regulatory requirements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221005005331/en/
Company: Maria Verbytska, investor@steeresg.com Media: Sana
Srithas, sana@steeresg.com, Tel: 1-888-300-2228
FaceDrive (TSXV:FD)
Historical Stock Chart
From Mar 2024 to Apr 2024
FaceDrive (TSXV:FD)
Historical Stock Chart
From Apr 2023 to Apr 2024