AI/ML Innovations Inc. Announces Initial Private Placement Closing
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) has completed the initial closing of its non-brokered private placement, raising $1,279,750 through the issuance of 19,688,461 Shares and Warrants. Each Unit consists of one Common Share and one Warrant, exercisable at $0.15 per share for two years. The company paid $44,070 in finder's fees and issued 504,000 broker warrants. Two company officers subscribed for 11.2% of the Units, while an insider controlling over 10% of shares subscribed for 35.5%. The proceeds will be used for working capital requirements.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) ha completato la chiusura iniziale del suo collocamento privato non intermediato, raccogliendo $1,279,750 attraverso l'emissione di 19,688,461 azioni e warrant. Ogni unità è composta da un'azione comune e un warrant, esercitabile a $0,15 per azione per due anni. L'azienda ha pagato $44,070 in commissioni per il finder e ha emesso 504,000 warrant per broker. Due funzionari della società hanno sottoscritto il 11,2% delle unità, mentre un insider che controlla oltre il 10% delle azioni ha sottoscritto il 35,5%. I proventi saranno utilizzati per le esigenze di capitale circolante.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) ha completado el cierre inicial de su colocación privada no intermediada, recaudando $1,279,750 a través de la emisión de 19,688,461 acciones y warrants. Cada unidad consiste en una acción ordinaria y un warrant, que se puede ejercer a $0.15 por acción durante dos años. La empresa pagó $44,070 en comisiones de intermediario y emitió 504,000 warrants para brokers. Dos funcionarios de la empresa suscribieron el 11.2% de las unidades, mientras que un insider que controla más del 10% de las acciones suscribió el 35.5%. Los ingresos se utilizarán para necesidades de capital de trabajo.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF)는 중개인이 없는 사모 배정을 첫 번째로 마감하고 $1,279,750를 조달했으며, 19,688,461주와 워런트를 발행했습니다. 각 유닛은 하나의 보통주와 하나의 워런트로 구성되어 있으며, 2년 동안 주당 $0.15에 행사할 수 있습니다. 회사는 $44,070의 중개 수수료를 지불하고 504,000개의 중개인 워런트를 발행했습니다. 두 회사 임원이 유닛의 11.2%를 구독했으며, 10% 이상의 지분을 보유한 내부자는 35.5%를 구독했습니다. 수익은 운영 자본 요구 사항에 사용될 것입니다.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) a terminé la clôture initiale de son placement privé sans intermédiaire, levant $1,279,750 par l'émission de 19,688,461 actions et bons de souscription. Chaque unité est composée d'une action ordinaire et d'un bon de souscription, exercé à $0,15 par action pendant deux ans. La société a payé $44,070 en commissions de recherche et a émis 504,000 bons de souscription pour courtiers. Deux dirigeants de la société ont souscrit 11,2% des unités, tandis qu'un initié contrôlant plus de 10% des actions a souscrit 35,5%. Les fonds récoltés seront utilisés pour répondre aux besoins en fonds de roulement.
AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) hat den ersten Abschluss seiner nicht vermittelte Privatplatzierung abgeschlossen und $1,279,750 durch die Ausgabe von 19,688,461 Aktien und Warrants gesammelt. Jede Einheit besteht aus einer Stammaktie und einem Warrant, der für zwei Jahre zu $0,15 je Aktie ausgeübt werden kann. Das Unternehmen zahlte $44,070 in Findergebühren und gab 504,000 Broker-Warrants aus. Zwei Unternehmensvertreter haben 11,2% der Einheiten abonniert, während ein Insider, der über 10% der Aktien kontrolliert, 35,5% abonniert hat. Die Erlöse werden zur Deckung des Betriebskapitalbedarfs verwendet.
- Raised $1,279,750 in fresh capital through private placement
- Strong insider participation with 46.7% of units subscribed by officers and major shareholder
- Potential dilution of existing shareholders through new share issuance
- Warrants could lead to additional future dilution if exercised
VICTORIA, BC / ACCESSWIRE / November 1, 2024 / AI/ML Innovations Inc. ("AI/ML" or the "Company") (CSE:AIML)(OTCQB:AIMLF)(FWB:42FB) announces that that it has completed its initial closing of its previously announced (October 21, 2024) non-brokered private placement by the issue of 19,688,461 Shares and Warrants for gross proceeds of
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 intends to use net proceeds of the Private Placement for working capital requirements.
2,288,461 Units were subscribed for by two officers of the Company or its subsidiaries, representing
For more information about AI/ML Innovations:
For detailed information please see AI/ML's website or the Company's filed documents at www.sedar.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 (
On behalf of the Board of Directors
Tim Daniels, Executive Chairman
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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