Thursday, December 1 2022

KIRKLAND, QC, September 29, 2022 /CNW/ – Manitex Capital Inc. (“Manitex”) today announced its financial results for the third quarter ended July 31, 2022.

The net loss for the quarter was $1,289,844 compared to the net result of $379,385 for the corresponding quarter in 2021. For the nine-month period July 31, 2022 the net loss was $6,303,663 compared to $2,816,012 for the corresponding period in 2021.

Net book value per share (“NBV”) at July 31, 2022 has been $0.753 compared to an NBV of $1.254 like a October 31, 2021.

Manitex also announced today that it has issued a total of 1,050,000 stock options (“Options”) to officers of the Company following the expiration of prior options granted to such officers there five (5) years ago today. All options have an exercise price of $0.72vest immediately and expire five (5) years after the grant date.

About Manitex Capital

Manitex is a diversified investment firm specializing in investing in emerging and established companies and helping to increase shareholder value. Manitex currently has 12,661,276 common shares outstanding which are listed on the TSX Venture Exchange (TSX: MNX).

Forward-looking statements

This press release may contain certain forward-looking information and statements regarding Manitex’s operations, performance and financial condition, including, in particular, Manitex’s likelihood of success in developing and expanding its business. These statements are based on a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond Manitex’s control. Actual results may differ materially from those expressed or implied by these forward-looking statements.

SOURCE Manitex Capital Inc.

For further information: Steve Saviuk, CEO, Manitex Capital Inc., 16667 Hymus Blvd., Kirkland, Quebec, H9H 4R9, Tel. : (514) 693-8830, [email protected]

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