Zoomd's Director and former CEO, Ofer Eitan, Establishes Automatic Share Disposition Plan

Zoomd Technologies Ltd. (TSXV: ZOMD, OTC: ZMDTF), a marketing technology platform specializing in user acquisition, announced that Ofer Eitan, a director and former CEO of the company, has initiated an Automatic Securities Disposition Plan (ASDP). This strategic move is in compliance with Canadian securities regulations and aims to provide a structured method for disposing of up to two million shares of Zoomd while ensuring transparency and regulatory adherence.

The ASDP is designed to facilitate share sales under pre-set instructions, mitigating the risk of insider trading by restricting Eitan's ability to make decisions on the timing and volume of shares sold while he does not have access to material undisclosed information. The plan includes a daily trade limit, set at 10% of the average daily trading volume, which ensures an orderly market disposition intended to complete by December 31, 2025. Importantly, the first trades under the ASDP are not expected to begin before May 5, 2025.

Eitan's establishment of the ASDP reflects a commitment to maintaining regulatory standards while managing his holdings in Zoomd. The structure of the ASDP prohibits him from meddling in the sales process, enhancing the credibility of the transactions. This decision aligns with the regulatory practices recommended by the Canadian Securities Administrators, ensuring that disclosures regarding the sales will be duly reported by Eitan in accordance with applicable legislation.

Zoomd, established in 2012 and listed on the TSX Venture Exchange since September 2019, provides a versatile platform for mobile app user acquisition that streamlines media integration and campaign management, offering significant cost efficiencies for advertisers.

Ofer Eitan’s establishment of an Automatic Securities Disposition Plan (ASDP) for his shares in Zoomd Technologies Ltd. is a noteworthy development for investors and market watchers. The ASDP allows for the systematic sale of up to two million shares, with transactions constrained by a 10% daily volume cap, ensuring an orderly market impact and minimizing potential fluctuations that could arise from a large sell-off.

From a market perspective, Eitan’s actions may signal his confidence in Zoomd’s long-term growth potential while simultaneously indicating a desire to diversify his investment portfolio. The pre-arranged nature of the ASDP enhances transparency, underscoring the adherence to regulatory frameworks and establishing a clear exit strategy that could instill confidence among current and prospective investors.

Investors should consider the implications of such a plan on Zoomd’s share price and market perception. The planned sales starting May 5, 2025, coupled with the minimum floor price set in the ASDP, may provide stability initially, but could also create downward pressure on the stock if substantial liquidity enters the market simultaneously. As Eitan will not be involved in the discretion of sales under the ASDP, the unpredictability of market conditions at the time of sales could also impact investor sentiment.

Zoomd has established itself as a key player in the MarTech space, providing a platform that offers significant efficiencies for advertisers. Should the company demonstrate continued growth in user acquisition and engagement, it could support a positive long-term outlook despite the impending share sales.

In summary, while Eitan’s ASDP should be viewed cautiously in the context of market dynamics, investors may find the underlying fundamentals of Zoomd’s business model more indicative of its potential trajectory. Monitoring performance metrics and industry trends will be crucial in assessing the impact of these dispositional activities.