AITX Again Extends Commitment of No Reverse Stock Split
Artificial Intelligence Technology Solutions (OTCPK: AITX) has extended its commitment to not execute a reverse stock split before January 1, 2026, with two exceptions: uplisting to NASDAQ or NYSE, or reversing authorized shares at the same rate as outstanding shares. This extension aims to reassure retail investors and maintain the company's relationship with its investing community.
AITX has also filed to increase its authorized share count to 15 billion from 12.5 billion, a 20% increase to be released incrementally. The additional funds will support growth, R&D, and normal business operations, focusing on key projects like RADCam, ROAMEO, and RADDOG. The company is on track for operational profitability this fiscal year and believes its RAD-R division can be fully profitable in its first year.
Le Soluzioni Tecnologiche di Intelligenza Artificiale (OTCPK: AITX) hanno esteso il proprio impegno a non effettuare un frazionamento azionario inverso prima del 1 gennaio 2026, con due eccezioni: il passaggio a NASDAQ o NYSE, o la revisione delle azioni autorizzate allo stesso tasso delle azioni in circolazione. Questa estensione mira a rassicurare gli investitori al dettaglio e mantenere la relazione dell'azienda con la propria comunità di investitori.
AITX ha anche presentato richiesta per aumentare il numero di azioni autorizzate a 15 miliardi da 12,5 miliardi, con un aumento del 20% che sarà rilasciato gradualmente. I fondi aggiuntivi supporteranno la crescita, la ricerca e sviluppo e le normali operazioni aziendali, concentrandosi su progetti chiave come RADCam, ROAMEO e RADDOG. L'azienda è in pista per una redditività operativa in questo anno fiscale e crede che la sua divisione RAD-R possa essere pienamente redditizia nel suo primo anno.
Las Soluciones Tecnológicas de Inteligencia Artificial (OTCPK: AITX) han ampliado su compromiso de no ejecutar una división de acciones inversa antes del 1 de enero de 2026, con dos excepciones: la inclusión en NASDAQ o NYSE, o la reversión de acciones autorizadas al mismo ritmo que las acciones en circulación. Esta extensión tiene como objetivo tranquilizar a los inversores minoristas y mantener la relación de la empresa con su comunidad de inversores.
AITX también ha presentado una solicitud para aumentar su conteo de acciones autorizadas a 15 mil millones de 12,5 mil millones, lo que supone un aumento del 20% que se liberará de manera incremental. Los fondos adicionales respaldarán el crecimiento, la I+D y las operaciones comerciales normales, enfocándose en proyectos clave como RADCam, ROAMEO y RADDOG. La empresa está en camino hacia la rentabilidad operativa en este año fiscal y cree que su división RAD-R puede ser completamente rentable en su primer año.
인공지능 기술 솔루션(OTCPK: AITX)은 2026년 1월 1일 이전에 주식 분할을 실행하지 않겠다는 약속을 연장했습니다, 단 두 가지 예외가 있습니다: NASDAQ 또는 NYSE로의 이전, 또는 발행 주식과 동일한 비율로 승인된 주식을 되돌리는 것입니다. 이 연장은 소매 투자자들을 안심시키고 기업과 투자자 커뮤니티 간의 관계를 유지하기 위한 것입니다.
AITX는 또한 승인된 주식 수를 125억에서 150억으로 늘리기 위한 신청을 했습니다, 이는 20% 증가를 나타내며 점진적으로 공개될 것입니다. 추가 자금은 성장, 연구 개발 및 정상적인 비즈니스 운영을 지원하며, RADCam, ROAMEO 및 RADDOG와 같은 주요 프로젝트에 집중합니다. 회사는 이번 회계연도에 운영 수익성을 위한 궤도에 올라있습니다 그리고 그들의 RAD-R 부서가 첫 해에 완전히 수익성을 가질 수 있다고 믿고 있습니다.
Les Solutions Technologiques en Intelligence Artificielle (OTCPK: AITX) ont prolongé leur engagement à ne pas réaliser de division d'actions inversée avant le 1er janvier 2026, avec deux exceptions : le passage au NASDAQ ou au NYSE, ou la réduction des actions autorisées au même taux que les actions en circulation. Cette prolongation vise à rassurer les investisseurs particuliers et à maintenir la relation de l'entreprise avec sa communauté d'investisseurs.
AITX a également déposé une demande pour augmenter son nombre d'actions autorisées à 15 milliards contre 12,5 milliards, soit une augmentation de 20% qui sera libérée progressivement. Les fonds supplémentaires soutiendront la croissance, la recherche et développement, ainsi que les opérations commerciales normales, en se concentrant sur des projets clés tels que RADCam, ROAMEO et RADDOG. L'entreprise est en bonne voie pour atteindre la rentabilité opérationnelle au cours de cet exercice fiscal et pense que sa division RAD-R peut être entièrement rentable dès sa première année.
Die Künstliche Intelligenz Technologie Lösungen (OTCPK: AITX) haben ihr Engagement verlängert, vor dem 1. Januar 2026 keinen Reverse Stock Split durchzuführen, mit zwei Ausnahmen: einem Wechsel zu NASDAQ oder NYSE oder der Rückumwandlung autorisierter Aktien im gleichen Verhältnis wie die ausstehenden Aktien. Diese Verlängerung soll die privaten Anleger beruhigen und die Beziehung des Unternehmens zu seiner Investitionsgemeinschaft aufrechterhalten.
AITX hat außerdem einen Antrag auf Erhöhung der genehmigten Aktienanzahl auf 15 Milliarden von 12,5 Milliarden gestellt, was einer Erhöhung von 20% entspricht, die schrittweise freigegeben wird. Die zusätzlichen Mittel werden das Wachstum, die Forschung und Entwicklung sowie den normalen Geschäftsbetrieb unterstützen und sich auf Schlüsselprojekte wie RADCam, ROAMEO und RADDOG konzentrieren. Das Unternehmen ist auf dem Weg zur operativen Rentabilität in diesem Geschäftsjahr und glaubt, dass die RAD-R-Abteilung im ersten Jahr vollständig rentabel sein kann.
- Extended commitment to not execute a reverse stock split until January 1, 2026, reassuring investors
- On track for operational profitability this fiscal year
- RAD-R division expected to be fully profitable in its first year
- 20% increase in authorized share count to fund growth, R&D, and operations
- Strong focus on innovative projects like RADCam, ROAMEO, and RADDOG
- Potential dilution of existing shares due to the increase in authorized share count
- Continued need for funding through share issuance indicates ongoing cash burn
Company Continues to Demonstrate Continued Growth & Path to Operational Profitability
Detroit, Michigan, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the "Company") (OTCPK: AITX), a global leader in AI-driven security and productivity solutions, announces an extension of its commitment to not executing a reverse split before January 1, 2026, with two exceptions.
The filing commits the Company to extend by one year its current ‘no reverse split’ corporate amendment. The current amendment was scheduled to expire on January 1, 2025. The commitment now extends to at least January 1, 2026, with two exceptions: the Company uplists to NASDAQ or the NYSE, or our authorized shares are reversed at the same rate as our outstanding shares.
“While we have had no intention of conducting a reverse stock split until we uplist to a major exchange, I understand the stress put on retail investors bombarded with rumors of a reverse split despite my continued statements to the contrary. Our extending this time period by 1 year is about continuing the incredible relationship we have with our investing community,” said Steve Reinharz, CEO of AITX.
The Company encourages interested parties to watch the ‘AITX Weekly Video 9/21/2024’ that adds an additional explanation to recent SEC filings, specifically with the Company direction of working to ‘Go Big’.
“As we’ve noted, we can bring RAD Inc. to profitability should we choose to halt innovation and reduce the rate of growth. It’s the first step to total profitability. Furthermore, we believe RAD-R, home of RADCam™, can be fully profitable its first year. We’re on track to operational profitability, net of a few items this fiscal year.” Reinharz noted.
Alongside this, AITX has filed to increase its authorized share count to 15 billion common stock shares from its current authorized maximum of 12.5 billion. This
AITX desires to continue and accelerate key projects and innovations that are expected to change the landscape of AI security, from groundbreaking residential solutions like RADCam to autonomous mobile robots like ROAMEO™ and RADDOG™. The strategic increase in shares is all about ensuring AITX has the resources to put the pedal to the metal - investing heavily in innovation, expanding marketing efforts, and grabbing market share while it’s ripe for the taking. Ultimately all of this is expected to add exponential shareholder value, as the company has shown by revenue growth over the past few years and continuing forward.
“Realizing how our vision is coming together is electrifying, and simply put, we must continue to invest,” added Reinharz. “Our development pipeline is loaded with projects that are not just pushing boundaries, they're redefining the security and robotics industries. ROAMEO, RADDOG, RADCam, HOAP, and more are poised to revolutionize how companies and consumers approach security. But to do that, we need to continue moving at full throttle. This increased financial flexibility is critical to positioning us not just to compete in these spaces, but to lead them.”
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.radcam.ai, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances whatsoever that the Company will meet its expectations with respect to its future revenues, sales volume, becoming cash flow positive, ARR or RMR. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.
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Steve Reinharz
949-636-7060
@SteveReinharz
FAQ
When has AITX extended its commitment to not execute a reverse stock split?
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