AI/ML Innovations Inc. Announces Final Private Placement Closing
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) has completed its non-brokered private placement, raising a total of $2,872,289.94. The final tranche consisted of 24,500,615 Units at $0.065 per Unit, generating $1,592,539.98. Each Unit includes one Common Share and a two-year Warrant exercisable at $0.15 per share. The Company paid $76,032.90 in finder's fees and issued 1,169,737 broker warrants. Three insiders participated with 6,650,000 Units. The proceeds will be used for working capital requirements. Securities issued have a four-month trading restriction until March 27, 2025.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) ha completato il suo collocamento privato non intermediato, raccogliendo un totale di $2,872,289.94. L'ultima tranche consisteva di 24,500,615 unità a $0.065 per unità, generando $1,592,539.98. Ogni unità include un'azione comune e un Warrant biennale esercitabile a $0.15 per azione. L'azienda ha pagato $76,032.90 in commissioni per il finder ed ha emesso 1,169,737 warrant per broker. Tre insider hanno partecipato con 6,650,000 unità. I proventi saranno utilizzati per le esigenze di capitale circolante. I titoli emessi hanno una restrizione di trading di quattro mesi fino al 27 marzo 2025.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) ha completado su colocación privada no mediada, recaudando un total de $2,872,289.94. La última tranche consistió en 24,500,615 Unidades a $0.065 por Unidad, generando $1,592,539.98. Cada Unidad incluye una Acción Común y un Warrant de dos años que se puede ejercer a $0.15 por acción. La Compañía pagó $76,032.90 en comisiones de intermediación y emitió 1,169,737 warrants para corredores. Tres personas internas participaron con 6,650,000 Unidades. Los ingresos se usarán para necesidades de capital de trabajo. Los valores emitidos tienen una restricción de negociación de cuatro meses hasta el 27 de marzo de 2025.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF)는 비중개 사모 배정을 마치고 총 $2,872,289.94를 모금했습니다. 마지막 분할은 24,500,615 유닛으로 구성되었으며, 각 유닛당 $0.065으로 총 $1,592,539.98를 생성했습니다. 각 유닛에는 한 개의 보통주와 $0.15에 행사할 수 있는 2년 만기의 워런트가 포함되어 있습니다. 회사는 $76,032.90의 중개 수수료를 지급하고 1,169,737개의 중개인 워런트를 발행했습니다. 세 명의 내부자가 6,650,000 유닛에 참여했습니다. 이 수익은 운영 자본 요구에 사용될 것입니다. 발행된 증권은 2025년 3월 27일까지 4개월의 거래 제한이 있습니다.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) a terminé son placement privé non intermédié, levant un total de $2,872,289.94. La dernière tranche était composée de 24,500,615 unités au prix de $0.065 par unité, générant $1,592,539.98. Chaque unité comprend une Action Ordinaire et un Warrant de deux ans exercable à $0.15 par action. La société a payé $76,032.90 en frais de courtage et a émis 1,169,737 warrants pour courtiers. Trois initiés ont participé avec 6,650,000 unités. Les fonds seront utilisés pour les besoins en fonds de roulement. Les titres émis ont une restriction de négociation de quatre mois jusqu'au 27 mars 2025.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) hat seine nicht-brokered Privatplatzierung abgeschlossen und insgesamt $2,872,289.94 gesammelt. Die letzte Tranche bestand aus 24,500,615 Einheiten zu $0.065 pro Einheit und generierte $1,592,539.98. Jede Einheit beinhaltet eine Stammaktie und einen zweijährigen Warrant, der zu $0.15 pro Aktie ausgeübt werden kann. Das Unternehmen zahlte $76,032.90 an Vermittlungsgebühren und gab 1,169,737 Broker-Warrants aus. Drei Insider nahmen mit 6,650,000 Einheiten teil. Die Mittel werden für betriebliche Kapitalbedarfe verwendet. Die ausgegebenen Wertpapiere haben bis zum 27. März 2025 eine Handelsbeschränkung von vier Monaten.
- Successfully raised $2.87M through private placement
- Insider participation of 27.14% in the final tranche shows management confidence
- Significant dilution with issuance of 44,189,076 new units
- Additional potential dilution from warrants exercisable at $0.15
- Required finder's fees of $76,032.90 plus broker warrants
VICTORIA, BC / ACCESSWIRE / November 26, 2024 / AI/ML Innovations Inc. ("AI/ML" or the "Company") (CSE:AIML)(OTCQB:AIMLF)(FWB:42FB) is pleased to announce that that it has completed its previously announced non-brokered private placement of units (the "Units") on November 26, 2024 (the "Financing"). The Company accepted subscriptions on this final tranche of 24,500,615 Units at a price of
The Company paid finders fees of
Each Unit is comprised of one Common Share and one Warrant which will be exercisable into one (1) Common Share of the Company (each a "Warrant Share"). Each Warrant will have a term of two (2) years and will entitle the holder to purchase one (1) Warrant Share at a price of
The Company raised a total of
The Company intends to use net proceeds of the Private Placement for working capital requirements.
Three insiders subscribed for 6,650,000, representing
On behalf of the Board of Directors
Tim Daniels, Executive Chairman, (778) 405-0882
For more information about AI/ML Innovations:
For detailed information please see AI/ML's website or the Company's filed documents at www.sedarplus.com.
For further information, contact: Blake Fallis at (778) 405-0882 or info@aiml-innovations.com.
About AI/ML Innovations Inc. https://aiml-innovations.com/
AI/ML Innovations Inc. has realigned its business operations to capitalize on the burgeoning fields of artificial intelligence (AI) and machine learning (ML), with an initial investment focus on emerging digital health and wellbeing companies that leverage AI, ML, 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 (
Forward-Looking Statement Disclaimer
Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in Canadian laws. These statements relate to future events or future performance. The use of any of the words "could," "intend," "expect," "believe," "will," "projected," "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION, NOR SHALL THERE BE ANY OFFER, SALE, OR SOLICITATION OF SECURITIES IN ANY STATE IN THE UNITED STATES IN WHICH SUCH OFFER, SALE, OR SOLICITATION WOULD BE UNLAWFUL.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: AI/ML Innovations, Inc.
View the original press release on accesswire.com
FAQ
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