Biotricity Preferred Shareholders Show Increased Commitment and Support of the Company by Converting Almost All Preferred A Shares into Restricted Common Stock

REDWOOD CITY, CA / ACCESSWIRE / June 4, 2024 / Biotricity Inc.] (NASDAQ:BTCY), a leading Technology-as-a-Service (TaaS) company dedicated to disrupting the healthcare industry with cutting-edge medical and consumer diagnostic solutions, is thrilled to announce that the majority of its existing Preferred A shareholders have converted 97% of all the preferred A shares into Restricted Common Stock, increasing their support and commitment to the Company.

"This recent conversion shows the growing enthusiasm our long-term shareholders have for the Company and their confidence in the execution and upcoming milestones of the company," remarked Dr. Waqaas Al-Siddiq, Founder and CEO of Biotricity.

Recently, Biotricity has accomplished major milestones, including securing 3 GPO partnerships covering 87% of US Hospitals, increased margins, and revenues alongside reduced losses. The company is moving closer to being EBITDA neutral and cashflow positive every month. These accomplishments alongside the growing market opportunity have strengthened the confidence and commitment of existing shareholders.

For further information about Biotricity Inc. and its innovative healthcare solutions, please visit www.biotricity.com/investors.

About Biotricity

Biotricity stands at the forefront of the medical technology landscape, pioneering the future of healthcare with cutting-edge remote biometric monitoring solutions. Biotricity offers the medical and consumer sectors, an array of advanced diagnostic and post-diagnostic solutions designed to improve chronic conditions and enhance cardiac health. To learn more, visit www.biotricity.com and follow us on Twitter and LinkedIn.

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SOURCE: Biotricity, Inc.