AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) completed a shares for debt transaction with an arm’s length creditor. The company issued 302,891 shares at the deemed price of $0.08 per share to settle a debt of US$17,260 (CA$24,231.31) for the services rendered. The shares issued are subject to a retention period of four months.
Furthermore, the company specified that the warrants issued as part of a previous private placement of August 19, 2024, involving 7,845,000 unitshave a three-year term instead of the initially announced two-year term. Warrant holders who received two-year warrants received revised three-year replacement warrants.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) has completed a transaction by debit with a third creditor. L’azienda ha emesso 302,891 people a price of $0.08 per company to turn off a flow of US$17,260 ($24,231.31 CAD) by servizi resi. The decisions issued are taken during a block period of four months.
In addition, the company has chiarito and I guarantee a connection with a previous private collocation of August 19, 2024, riguardante 7,845,000 unitsthere is a three-year term announced and due to the initial announcement. I hold a warrant for a two-year replacement warrant.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) has completed a share transaction per person with an independent buyer. The issuing company 302,891 shares at an estimated price of $0.08 for the action to save a debt of US$17,260 (CA$24,231.31) for services provided. The shares issued are subject to a four-month retention period.
Additionally, the company stated that warrants issued in relation to private colocation prior to August 19, 2024, which involucraba 7,845,000 unitshas a three-year place in place of the initial two-year place. Warrant holders who received two-year warrants received revised three-year replacement warrants.
AI/ML Innovations Inc. (CSE: AIML) (OTCQB: AIMLF) is currently available 주식으로 채무 변제하는 거래It’s true. The price of the product is $0.08 for the price 302,891It’s true. There were 4 who were killed.
From June 8 to 19, 2024, the wedding day There are 2 and 3 and there is another one. 2 years and counting and 3 years later.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) completed a stock for debt transaction with an independent appeal. The company issued 302,891 shares at an increased price of $0.08 per share to settle a debt of US$17,260 ($24,231.31 CAD) for services rendered. The shares issued are subject to a four-month blocking period.
In addition, the company clarified that the warrants issued as part of a previous private placement of August 19, 2024, concerning 7,845,000 unitshave a term of three years instead of the two years initially announced. Warrant holders who received two-year warrants received revised three-year replacement warrants.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) has a Actual transactions regarding regulatory arrangements mit einem unabhängigen Gläubiger abgeschlossen. Das Unternehmen chat 302.891 Aktien for a bargain price of $0.08 for one share in a company US$17,260 ($24,231.31 CAD) für erbrachte Dienstleistungen zu begleichen. Die ausgegebenen Aktien unterliegen einer viermonatigen Haltedauer.
Please note that the Unternehmen klar, dass die im Zusammenhang mit un früheren Privatzierung du 19. August 2024 ausgegebenen en optionen, die 7,845,000 Number of people umfassten, a Laufzeit von trois Jahren haben, anstatt der ursprünglich angekündigten two years. Options included, the 2 different options are available, they are currently available and are available with three days available.
Negative
- Company issues stock to settle debt, indicating potential cash flow constraints
- Issuing shares at $0.08 represents dilution for existing shareholders
VICTORIA, British Columbia / ACCESSWIRE / December 11, 2024 / AI/ML Innovations Inc. (“AI/ML” or the “Company”) (CSE: AIML) (OTCQB: AIMLF) (FWB: 42FB), a leading company engaged in the acquisition and development of intelligence technologies artificial/machine learning technologies that address pressing societal needs, is pleased to announce that it has completed the previously announced stock purchase transaction.
Following a press release published on December 3, 2024, the Company entered into a debt settlement and guarantee agreement with a creditor (the “Creditor”) for the payment of the debt owed to the Creditor in the amount total of US
The Company also announces a confirmation of the term of the warrants in connection with a previously closed private placement. On August 19, 2024, the Company closed a private placement of 7,845,000 units, each unit consisting of one share and one warrant. By mistake, it was announced that the term of office was two years. The warrants were for a term of three years and warrant holders who received two-year warrants have now received revised replacement three-year warrants.
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About AI/ML Innovations Inc. https://aiml-innovations.com/
AI/ML Innovations Inc. has realigned its business operations to capitalize on the growing areas of artificial intelligence (AI) and machine learning (ML), with an initial investment focused on emerging healthcare and healthcare companies. digital well-being that leverage AI, ML and cloud computing. and digital platforms to drive transformative healthcare management solutions and precision support delivery across the health continuum. Through strategic partnerships with Health Gauge Inc. (
On behalf of the board of directors
Tim Daniels, Executive Chairman
For more information on AI/ML innovations:
For detailed information, please see AI/ML’s website or company filings at www.sedarplus.ca
For more information, contact: Blake Fallis at (778) 405-0882 or info@aiml-innovations.com
The Canadian Securities Exchange has in no way commented on the merits of the Company and has neither approved nor disapproved the contents of this press release. Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: AI/ML Innovations, Inc.
View original press release on accesswire.com
FAQs
How many shares did AIMLF issue to settle its recent debt?
AI/ML Innovations issued 302,891 shares at a deemed price of $0.08 per share to settle debt of US$17,260 (C$24,231.31).
What is the new duration of the warrants for the AIMLF private placement of August 2024?
The August 19, 2024 private placement warrants have a term of three years, revised from the previously announced two-year term.
How big was the AIMLF August 2024 private placement?
The private placement consisted of 7,845,000 units, with each unit comprising one share and one warrant.
What is the holding period for debt settlement shares newly issued by AIMLF?
Shares issued as part of the debt settlement are subject to a four-month retention period.
