Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2) (formally Nextech AR Solutions), a generative artificial intelligence (“AI”)-powered 3D modeling supplier for major e-commerce brands such as Amazon, P&G, Kohls and other major e-commerce retailers, has announced the spin-off of Toggle3D.ai. According to the announcement, the trade date for the innovative new solution is slated for June 13, 2023, and it will trade under TGGL, pending approval of the Canadian Securities Exchange. Nextech3D.ai qualifying shareholders will receive a 4 million share stock dividend when trading starts. A groundbreaking SaaS solution that utilizes generative AI to convert CAD files, Toggle3D.ai applies impressive 4K texturing and enables seamless publishing of 4K 3D models; the solution serves an array of industries within the $160 billion CGI space and enables designers, artists, marketers and e-commerce owners to easily convert, texture, customize and publish high-quality 3D models and offer 3D experiences without technical or 3D design expertise. Nextech will retain an estimated 50% ownership in the IPO spin-out, while selling about 8,400,000 shares at $0.25 per unit to raise funds.
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About Nextech3D.AI
Nextech3D.AI, formally Nextech AR Solutions, is a diversified augmented reality, AI technology company that leverages proprietary AI to create 3D experiences for the metaverse. Its main businesses are creating 3D WebAR photorealistic models for the Prime Ecommerce Marketplace as well as many other online retailers. The company develops or acquires what it believes are disruptive technologies and, once commercialized, spins them out as standalone public companies issuing a stock dividend to shareholders while retaining a significant ownership stake in the public spinout.
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