VersaPay Announces Stock Option Grant

VersaPay (TSXV:VPY), a fintech company centered on invoice solutions for businesses announced that it is giving 650,000 shares in stock option grants to officers and directors of its company. Each shares will have an exercise price of C$1.50, valid until May 27, 2029. As of 11:54 a.m. Monday (May 27) VersaPay shares are trading at C$1.50.

As quoted in the press release:

Each option entitles the holder to purchase one common share of the Company at an exercise price of $1.50, and will expire on May 27, 2029. The options granted are subject to the approval of the TSX Venture Exchange and applicable hold and Company vesting periods.

About VersaPay

VersaPay is a Fintech company and leading provider of cloud-based invoice-to-cash solutions, enabling businesses to provide a superior customer experience, get paid faster, streamline financial operations, and dramatically reduce DSO and costs. VersaPay ARC is the new standard in accounts receivable and collections management with a customer self-service environment to view invoices online, collaborate on inquiries and disputes, and facilitate secure online payments (EFT/ACH and credit card). Businesses gain access to a suite of powerful tools that enable efficient collections, cash application and real-time insight into accounts receivable. VersaPay ARC automatically reconciles payments and account information through integrations with a wide range of ERPs and accounting software providers.

Click here to read the full press release.