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Pardeep Nijhawan Provides Update to Beneficial Ownership of Securities of Edesa Biotech, Inc. [Financial Post (Toronto, Ontario, Canada)]

Edesa Biotech, Inc. - Common Shares (EDSA) 
Company Research Source: Financial Post
MARKHAM, Ontario, Sept. 13, 2024 (GLOBE NEWSWIRE) — Dr. Pardeep Nijhawan (“ Dr. Nijhawan ”) announces that as a result of grants of restricted share units (“ RSUs ”) of Edesa Biotech, Inc. (“ Edesa ”), when combined with a series of transactions (the “ Transactions ”) that have occurred since the date of the most recent early warning report filed by Dr. Nijhawan on November 18, 2022 (the “ Previous Report ”), Dr. Nijhawan has acquired “beneficial ownership” of common shares in the capital of Edesa (“ Common Shares ”) in an amount equal to more than 2% of the issued and outstanding Common Shares since the date of the Previous Report. The requirement to file this press release and corresponding early warning report (the “ Report ”) was triggered on September 3, 2024 as a result of a grant of 3,055 RSUs to Dr. Nijhawan pursuant to a restricted share unit agreement between Dr. Nijhawan and Edesa whereby Dr. Nijhawan may earn RSUs in lieu of cash compensation for his services to Edesa Show less Read more
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