Vancouver, British Columbia--(Newsfile Corp. - November 6, 2025) - Parvis Invest Inc. (TSXV: PVIS) ("Parvis" or the "Company"), a technology-driven private investment company focused on connecting investors with institutional-quality real estate and alternative opportunities, is pleased to announce an update on recent insider purchases, through a series of transactions conducted through the facilities of the TSX Venture Exchange.
Parvis has been advised that, between May 12, 2023 and today, David Michaud, Founder, CEO and Director, acquired an aggregate 1,472,246 Common Shares of the Company at an average price of approximately $0.06 per share increasing his ownership from approximately 12.7% to 15.7% of the issued and outstanding Common Shares. This includes an acquisition of 100,000 Common Shares at an average price of $0.065 on December 11, 2024, bringing Mr. Michaud's shareholdings to approximately 14.7% of the issued and outstanding Common Shares. As a result, Mr. Michaud now owns, either directly or beneficially, a total of 4,212,670 common shares of Parvis.
Mr. Michaud also owns a further 224,800 stock options and 267,717 restrictive share units of the Company exercisable into Common Shares. If fully exercised, he would be the legal and beneficial owner of 4,866,868 Common Shares, or approximately 16.48% of the issued and outstanding Common Shares of Parvis (on a fully diluted basis assuming exercise of all of its stock options, share purchase warrants and rights).
The Company has been advised that Mr. Michaud acquired these Common Shares for investment purposes as disclosed in an Early Warning Report to be filed on SEDAR+. These investments will be reviewed on a continuing basis by Mr. Michaud, and such holdings may be increased or decreased in the future. Mr. Michaud may in the future acquire or dispose of securities of the Company through the market, privately or otherwise as circumstances or market conditions warrant and in compliance with applicable securities regulatory requirements.
About the Company
Parvis is a technology-driven investment platform dedicated to democratizing access to institutional-quality opportunities. Utilizing AI and blockchain technology, Parvis streamlines the investment process, making it more accessible and efficient. Headquartered in Vancouver, Parvis operates with experts in Toronto, Vancouver and Montreal. For more information, visit www.parvisinvest.com and SEDAR+.
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements") within the meaning of Canadian securities legislation. Forward-looking information generally refers to information about an issuer's business, capital, or operations that is prospective in nature, and includes future-oriented financial information about the issuer's prospective financial performance or financial position. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding: execution and integration of the investment offerings; and the Company's business plans and role in the investment industry. To develop the forward-looking information in this news release, the Company made certain material assumptions, including but not limited to: prevailing market conditions; general business, economic, competitive, political and social uncertainties; the ability of the Company to execute and achieve its business objectives; and Mr. Michaud's future acquisition or disposition of securities of the Company. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Actual results may vary from the forward-looking information in this news release due to certain material risk factors. These risk factors include, but are not limited to: adverse market conditions; changes in general economic, business and political conditions; changes in applicable laws and regulations; compliance with extensive government regulation; reliance on key and qualified personnel; risks associated with the real estate, investment, and technology industries in general. The foregoing list of material risk factors and assumptions is not exhaustive. The Company assumes no obligation to update or revise the forward-looking information in this news release, unless it is required to do so under Canadian securities legislation.
This news release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
For further information:
David Michaud, CEO, Parvis Invest Inc.
Email: david@parvisinvest.com
Tel: 1-844-487-4866
For media inquiries please contact:
Katie Green, August Strategy
Email: katie@auguststrategy.com
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Instagram: @ParvisInvest
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273456
SOURCE: Parvis Invest Inc.