Predictiv Ai Inc. - INOTF STOCK NEWS

Predictiv AI (TSXVNEX:PAI.H, OTC:INOTF) announced the termination of its Letter of Intent (LOI) dated August 2, 2024, with Shift Technologies Canada and HouseStack Holdings. As a result, the previously proposed reverse takeover transaction (RTO) will not proceed.

Trading of the company's common shares has been halted since the initial RTO announcement in August 2024. The company will now apply to the NEX board of the TSXV to resume trading of its common shares.

Predictiv AI Inc. (TSXV:PAI.H)(OTC:INOTF) has announced details of its proposed financing of up to $1,500,000 for the reverse takeover transaction (RTO) with Shift Technologies Canada Inc. and HouseStack Holdings Inc. The company plans a share consolidation of 1 post-consolidation share for 5.5 pre-consolidation shares. The RTO Financing will be through a non-brokered private placement of subscription receipts at $0.10 per receipt. Each receipt will convert into one post-consolidated common share and half a warrant. Warrants are exercisable at $0.15 per share for 12 months. The financing will fund the $250,000 cash component for the acquisition, development of HouseStack and CloudREP platforms, and commercial launch of Shift Technologies' fleet management platform. Closing is expected around November 29, 2024, subject to TSXV approval.

Predictiv AI Inc. (TSXV:PAI.H)(OTC PINK:INOTF)(FSE:71TA) has announced a letter of intent to acquire Shift Technologies Canada Inc. and HouseStack Holdings Inc. The proposed transaction, structured as a reverse takeover, will result in Predictiv AI issuing approximately 300,000,000 shares (pre-consolidation) to acquire 100% of both companies. As part of the deal, majority owner Suman Pushparajah will receive a $250,000 cash payment and a $250,000 promissory note. The transaction is subject to regulatory approvals, due diligence, and a financing round to meet TSXV listing requirements. Predictiv AI also plans a share consolidation of up to 6:1 prior to closing. Trading of Predictiv AI shares will remain halted until the transaction is completed.

Predictiv AI has finalized a private placement of 10 million units at $0.02 per unit, generating $200,000. Each unit includes a common share and a warrant for another share at $0.05, valid for 24 months. Additionally, the company settled $500,000 in debt by issuing 25 million common shares at $0.02 each. Shares and securities are subject to a four-month hold. This debt settlement involved issuing over 10 million shares to company officers, which qualifies as a related party transaction. The company did not file a material change report 21 days before the settlement due to a need for expedited closure.

Predictiv AI Inc. announces a 30-day extension to complete a non-brokered private placement of up to 12,500,000 units at $0.02 per unit for gross proceeds of up to $250,000. The Offering is subject to TSXV regulatory approval.

Predictiv AI Announces Private Placement and Debt Settlement Agreements

Predictiv AI Inc. announces a non-brokered private placement of up to 12,500,000 units at $0.02 per unit for gross proceeds of up to $250,000. The company also enters debt settlement agreements to convert $500,000 in payables into 25,000,000 common shares. The settlement shares will be issued to insiders, subject to TSXV acceptance.

Predictiv AI Inc. has announced the lifting of the trading halt imposed on the company's common shares by the TSX Venture Exchange. The trading symbol for Predictiv AI will change from PAI to PAI.H, and there are no changes in the company's name, CUSIP number, or capital consolidation. The company continues to review opportunities to return to the TSXV.

Predictiv AI Inc. (TSX-V:PAI)(OTC:INOTF) announces the revocation of the failure-to-file cease trade order by the Ontario Securities Commission. The company has filed all required documents and will resume trading on TSX Venture Exchange. Financial constraints have halted business operations, and new members have been appointed to the board of directors. The company is also addressing refiling and correction of errors as per OSC Staff Notice 51-711.