Spetz Inc. Completes Initial Week of Sonic Tokens Acquisition

Spetz Inc. has successfully concluded its inaugural week of open-market purchases as part of its strategic digital asset accumulation program. The company secured around 3.35 million Sonic tokens at an average price of $0.56 CAD per token, totaling $1.87 million CAD. This purchase drives the company's Sonic token balance to 3.9 million, demonstrating Spetz's commitment to Sonic, a budding Layer 1 blockchain.

Mitchell Demeter, CEO of Spetz, noted a pivotal shift in the company's operational focus, following the divestiture of its legacy business. The company allocated 3,150,000 stock options under an equity incentive plan to align employee interests with long-term goals.

Stock options priced at $0.81 were distributed to officers, directors, consultants, and advisors. The options vest quarterly over 24 months, with a minimum hold period of four months and one day.