KIRKLAND, QC, June 30, 2020 /CNW Telbec/ - Manitex Capital Inc.
("Manitex" or the "Company") announced today that it
has filed a restatement of its previously reported financial
results for January 31, 2020,
together with a revised management discussion and analysis
("MD&A") for the quarter. The restatement was
required due to an error in the calculation of the Deferred Tax
Liability. The restated financial statements and revised
MD&A are available on SEDAR at www.sedar.com.
Grant of options to certain directors
Manitex also announced today that it had issued a total of
200,000 stock options ("Options") to two independent
directors under the Company's incentive stock option plan. All
Options expire five years following their date of grant. 100,000
Options vest immediately while 100,000 Options vest 1/3
immediately, 1/3 after one year and 1/3 after two years.
Caution regarding forward-looking statements
This news release may contain certain forward-looking statements
regarding Manitex's expectations for future events. Such
expectations are based on certain assumptions that are founded on
currently available information. If these assumptions prove
incorrect, actual results may differ materially from those
contemplated by the forward-looking statements contained in this
press release. Factors that could cause actual results to differ
include, amongst others, uncertainty as to the final result and
other risks. Manitex disclaims any intention or obligation to
publicly update or revise any forward- looking statements, whether
as a result of new information, future events or otherwise, other
than as required by security laws.
About Manitex Capital Inc.
Manitex Capital Inc. invests in promising emerging companies in
diversified sectors including life sciences, cleantech and
sustainable products/technologies. Manitex provides its portfolio
companies with specialized corporate finance and advisory services
including corporate strategy, mergers and acquisitions, public
markets access and financing. Common shares of Manitex are listed
on the TSX Venture Exchange, under trading symbol MNX.V.
TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accept responsibility for the adequacy or accuracy of this
release.
SOURCE Manitex Capital Inc.