Nextech3D.AI announces arrangement agreement as it moves forward with spin-out of Toggle3D

April 10, 2023 at 08:00 AM EDT

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Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) CEO Evan Gappelberg joined Proactive's Stephen Gunnion with news that the company has entered into an arrangement agreement with its wholly-owned subsidiary Toggle3D and a special purpose financing company, 1400330 B.C. Ltd (FinanceCo) for the spin-out of Toggle3D to a SpinCo.

Gappelberg told Proactive that the spin-off of Toggle3D will give Nextech shareholders ownership in yet another exciting public company.

Toggle3D already has over 1,300 users on its AI-Powered 3D design studio, which leaves it well positioned for growth in the rapidly emerging 3D everything and everywhere world, the company said.