- VerticalScope's CEO Rob Laidlaw increases investment with a CAD $1M purchase of subordinate voting shares.
- Laidlaw's trust now controls 2,957,265 multiple voting shares and 601,582 subordinate voting shares.
- The investment underscores confidence in VerticalScope's (VFORF, Financial) resilience and long-term strategy.
VerticalScope Holdings Inc. (TSX: FORA; OTCQX: VFORF), a technology company that operates a cloud-based digital platform for online enthusiast communities, announced that a trust established for CEO Rob Laidlaw or his family has acquired 205,649 subordinate voting shares on the open market. The transaction, valued at approximately CAD $1,000,000, was conducted through the Toronto Stock Exchange and alternative Canadian trading systems.
Following this acquisition, Rob Laidlaw or his family now beneficially own or control 2,957,265 multiple voting shares, which represent 100% of that share class, along with 601,582 subordinate voting shares, amounting to approximately 3.2% of the outstanding shares. Laidlaw emphasized that this investment reflects his strong confidence in the company's resilience, the strength of the Fora platform, and the company's capability to execute its product roadmap and long-term strategies despite prevailing economic uncertainties.
VerticalScope, headquartered in Toronto, Ontario, is known for its mission to connect people with shared interests through its wide portfolio of over 1,200 online communities, engaging over 100 million monthly active users. The company continues to focus on growth, both organically and through strategic acquisitions, while maintaining its commitment to delivering long-term shareholder value.
