From unicorn to penny stock
1. April 20, 2020 Facedrive launches “TraceSCAN.”
2. Oct. 7, 2020 Air Canada announces TraceSCAN trial.
3. Feb. 8, 2021 Stock closes at $59.95 after hitting all-time high of $60/share.
4. Feb. 18, 2021 Ontario government announces $2.5-million TraceSCAN investment.
5. March 8, 2021 Senior execs extend voluntarily lockup agreement.
6. Aug. 12, 2021 Imran Khan, co-founder and ex-CEO, begins selling off Facedrive shares.
7. Aug. 27, 2021 CEO Sayan Navaratnam announces resignation, releases all shareholders from voluntary lockups.
8. Sept. 1, 2021 Suman Pushparajah becomes CEO.
9. Sept. 2, 2021 Pushparajah begins selling off Facedrive shares.
10. Sept. 2, 2021 Junaid Razvi, co-founder and board chair, begins selling shares.
11. Sept. 4, 2021 Navaratnam issues public letter blaming sell-off on Khan, vows to dedicate “resources, time and energy to bringing Mr. Khan to justice.”
12. Sept. 6, 2021 Khan issues a press release claiming Facedrive considering creditor protection.
13. Sept. 30, 2021 Navaratnam begins selling off shares.
14. Oct. 26, 2021 Shares close at $0.97.