Predictiv AI Announces Extension of Private Placement Financing

Rhea-AI Summary

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.

TORONTO, ON / ACCESSWIRE / May 3, 2024 / Predictiv AI Inc. (TSXV:PAI)(OTC PINK:INOTF)(FSE:71TA) ("Predictiv AI" or the "Company"), www.predictiv.ai, announces that the Company has been granted a 30 day extension to June 3, 2024, by the TSX Venture Exchange (the "TSXV") to complete its previously announced (see news release of March 18, 2024) non-brokered private placement of up to 12,500,000 units (the "Units") at $0.02 per Unit for gross proceeds of up to $250,000 (the "Offering"). The closing of the Offering is subject to TSXV regulatory approval.

Facebook: https://www.facebook.com/PredictivAI/
Twitter: https://twitter.com/predictivai
LinkedIn: https://www.linkedin.com/company/predictivai/

Company Contact:
Khurram Qureshi
Mobile: 647.831.1462
Email: kqureshi@predictiv.ai

About Predictiv AI Inc.

Predictiv AI Inc. www.predictiv.ai is a technology company which helps businesses and organizations make smarter decisions using advanced artificial intelligence, deep machine learning and data science techniques. Its Weather Telematics Inc. subsidiary uses patented air quality monitoring sensors to provide predictive weather risk information to the insurance, logistics, fleet management and public safety sectors. The Company's R&D division, AI Labs Inc., develops new products that solve real-world business problems. Due to financial constraints, Predictiv AI's operations have been put on hold. Cautionary and Forward-Looking Statements Statements contained in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results of the Company 2 to differ materially from the conclusion, forecast or projection stated in such forward-looking statements. These risks, uncertainties and other factors include, but are not limited to other factors referenced in the Company's other continuous disclosure filings, which are available at sedarplus.ca. Readers should not place undue reliance on these forward-looking statements. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: Predictiv AI, Inc.

View the original press release on accesswire.com

FAQ

What is the deadline for Predictiv AI's private placement financing?

The deadline has been extended to June 3, 2024.

How many units will be offered in the private placement?

Up to 12,500,000 units.

At what price per unit will the units be offered?

The units will be offered at $0.02 per unit.

What are the gross proceeds expected from the private placement?

Up to $250,000.

Is the closing of the Offering subject to regulatory approval?

Yes, the closing is subject to TSXV regulatory approval.