Emmanuel Mounouchos Expands Stake in Avante Corp Today

Empowering Shareholder Confidence at Avante Corp

In a significant move for Avante Corp, Emmanuel Mounouchos, the founder, CEO, and board chair, has recently bolstered his investment in the company by acquiring a remarkable 1,369,894 common shares. This acquisition, executed at a price of $0.8228 per share, totals a noteworthy expenditure of $1,127,183.03. Such a substantial investment not only underlines Mounouchos's confidence in Avante's future success but also strengthens his role within the company.

Ownership Breakdown and Future Plans

With this latest purchase, Mounouchos now directly owns or controls a total of 3,936,784 common shares, which equates to 14.77% on a non-diluted basis. However, once stock options are taken into account, his stake could rise significantly to 4,736,784 shares, representing 17.78% on a partially diluted basis. These figures reflect a strategic approach to enhancing his investment portfolio in Avante, aligning with future growth opportunities in the market.

Investment Strategy

The shares were acquired purely for investment purposes, indicating Mounouchos's dedication to Avante's long-term vision. His strategy involved a calculated approach, where he may decide to further engage with the stock—buying, holding, or selling shares—as market conditions evolve. Being deeply integrated into Avante's management, Mounouchos remains well-positioned to influence its strategic direction and operational efficiency.

Leadership Role and Corporate Insights

As a member of senior management and the board of directors of Avante, Mounouchos plays a pivotal role in shaping company policies and direction. He has stated he currently does not have plans for any drastic changes such as mergers, corporate restructuring, or changes in management. However, his willingness to assert his influence reflects a forward-thinking attitude, facilitating potential future transformations as the marketplace demands.

Transparency through Early Warning Report

In accordance with applicable securities laws, an early warning report will be filed by Mounouchos to disclose this significant transaction. This report will be accessible on Avante’s profile on SEDAR+, ensuring that all stakeholders have clear visibility into his stock acquisitions. Furthermore, anyone interested can obtain further details directly from Avante, showcasing a commitment to transparency and corporate responsibility.

Company Contact Information

For those seeking additional information, Avante Corp can be reached via telephone at 416.923.6984 or via mail at their head office located at 1959 Leslie Street, Toronto. This availability highlights Avante's commitment to open communication with its investors and interested parties.

Frequently Asked Questions

What was the recent acquisition by Emmanuel Mounouchos?

Emmanuel Mounouchos acquired 1,369,894 common shares of Avante Corp for a total price of $1,127,183.03.

What percentage of shares does Mounouchos own after his acquisition?

After his acquisition, he owns 14.77% of Avante Corp on a non-diluted basis, which could increase to 17.78% when accounting for stock options.

Why did Mounouchos acquire these shares?

The acquisition was made for investment purposes, reflecting confidence in Avante’s growth and strategic direction.

How can I find the early warning report regarding this acquisition?

The early warning report will be filed on SEDAR+ and can be accessed through Avante’s profile there.

How can I contact Avante Corp for more information?

Interested parties can contact Avante Corp at 416.923.6984 or by mailing their office at 1959 Leslie Street, Toronto.

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