AIML Innovations Closes Quantum Sciences Ltd. Restructuring
AI/ML Innovations (OTCQB:AIMLF) has announced the completion of its restructuring related to the previously acquired Quantum Sciences Ltd. The restructuring, which follows the original acquisition from December 23, 2024, includes key modifications to the initially announced terms.
Two notable changes from the original restructuring announcement include: (1) the non-execution of a planned reseller agreement with Mark Orsmond, and (2) the retention of all intellectual property rights and interests in the "meApp" application by AIML, rather than transferring them to Mark Orsmond as previously planned.
AI/ML Innovations (OTCQB:AIMLF) ha annunciato il completamento della ristrutturazione relativa alla società Quantum Sciences Ltd., precedentemente acquisita. La ristrutturazione, successiva all'acquisizione originaria del 23 dicembre 2024, comprende modifiche chiave rispetto ai termini inizialmente comunicati.
Due cambiamenti rilevanti rispetto all'annuncio iniziale sono: (1) la mancata esecuzione dell'accordo di rivendita previsto con Mark Orsmond e (2) la decisione di AIML di mantenere tutti i diritti di proprietà intellettuale e gli interessi sull'applicazione "meApp", anziché trasferirli a Mark Orsmond come era stato previsto.
AI/ML Innovations (OTCQB:AIMLF) ha anunciado la finalización de la reestructuración relacionada con la previamente adquirida Quantum Sciences Ltd. La reestructuración, que sigue a la adquisición original del 23 de diciembre de 2024, incluye modificaciones clave a los términos anunciados inicialmente.
Dos cambios notables respecto al anuncio original son: (1) la no ejecución del acuerdo de reventa planeado con Mark Orsmond, y (2) la retención por parte de AIML de todos los derechos de propiedad intelectual e intereses sobre la aplicación "meApp", en lugar de transferirlos a Mark Orsmond como se había previsto.
AI/ML Innovations (OTCQB:AIMLF)는 이전에 인수한 Quantum Sciences Ltd.와 관련된 구조조정이 완료되었음을 발표했습니다. 이 구조조정은 2024년 12월 23일자 원래 인수 이후 이루어진 것으로, 처음 발표된 조건들에 대한 주요 변경 사항을 포함합니다.
원래 발표와 비교해 주목할 만한 두 가지 변경 사항은 다음과 같습니다: (1) Mark Orsmond와 예정되었던 리셀러 계약이 체결되지 않았고, (2) "meApp" 애플리케이션에 대한 모든 지식재산권 및 관련 이익을 AIML이 보유하기로 한 점으로, 이는 이전에 계획된 Mark Orsmond로의 이전과 다릅니다.
AI/ML Innovations (OTCQB:AIMLF) a annoncé l'achèvement de la restructuration liée à Quantum Sciences Ltd., précédemment acquise. Cette restructuration, qui fait suite à l'acquisition initiale du 23 décembre 2024, comporte des modifications clés par rapport aux conditions annoncées initialement.
Deux changements notables par rapport à l'annonce initiale sont : (1) la non-exécution d'un accord de revente prévu avec Mark Orsmond, et (2) la conservation par AIML de tous les droits de propriété intellectuelle et intérêts relatifs à l'application "meApp", au lieu de les transférer à Mark Orsmond comme prévu auparavant.
AI/ML Innovations (OTCQB:AIMLF) hat den Abschluss der Umstrukturierung im Zusammenhang mit der zuvor erworbenen Quantum Sciences Ltd. bekanntgegeben. Die Umstrukturierung, die der ursprünglichen Übernahme vom 23. Dezember 2024 folgt, beinhaltet wesentliche Änderungen gegenüber den ursprünglich angekündigten Bedingungen.
Zwei bemerkenswerte Änderungen gegenüber der ursprünglichen Ankündigung sind: (1) das Nichtzustandekommen des geplanten Reseller-Vertrags mit Mark Orsmond und (2) dass AIML alle geistigen Eigentumsrechte und Interessen an der Anwendung "meApp" behält, anstatt diese wie zuvor geplant an Mark Orsmond zu übertragen.
- None.
- Failed to execute planned reseller agreement with Mark Orsmond
VANCOUVER, BC / ACCESS Newswire / August 8, 2025 / AI/ML Innovations Inc. ("AIML" or the "Company") (CSE:AIML)(OTCQB:AIMLF)(FWB: 42FB) is pleased to confirm it has closed its previously announced restructuring ("Restructuring") of the terms and conditions associated with its previously completed acquisition of the outstanding common shares of Quantum Sciences Ltd. ("Quantum"). The Quantum acquisition was originally closed on December 23, 2024 and the Restructuring was first announced on April 25, 2025. The Restructuring was completed upon the terms previously announced, other than with respect to (i) the execution of a reseller agreement with Mark Orsmond which was not completed at closing; and (ii) all intellectual property rights and interests in the application known as "meApp" which were retained by the Company at closing instead of being transferred to Mark Orsmond.
For more information about AIML:
For detailed information please see AIML's website or the Company's filed documents at www.sedarplus.ca.
Contact:
Blake Fallis
(778) 405-0882
info@aiml.health
About AIML Innovations Inc.
https://www.aiml.health/
AIML Innovations Inc. is a global technology company pioneering the use of artificial intelligence and neural networks to transform digital health. Our proprietary platforms leverage advanced signal processing and deep learning to convert complex biometric data into actionable clinical insights-supporting earlier diagnosis, personalized treatment, and more effective care.
AIML's shares trade on the Canadian Securities Exchange (CSE: AIML), the OTCQB Venture Market (AIMLF), and the Frankfurt Stock Exchange (42FB).
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company's products and services. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the nature and timing of future operations and the receipt of all applicable regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
On behalf of the Board of Directors:
Paul Duffy, Executive Chairman and CEO
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 ACCESS Newswire
FAQ
What changes were made to AIMLF's Quantum Sciences restructuring terms?
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Who retained the intellectual property rights to the meApp application?
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