Predictiv AI Terminates LOI
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 (TSXVNEX:PAI.H, OTC:INOTF) ha annunciato la cessazione della sua Lettera di Intenti (LOI) datata 2 agosto 2024, con Shift Technologies Canada e HouseStack Holdings. Di conseguenza, la precedente proposta di transazione di acquisizione inversa (RTO) non procederà.
Il trading delle azioni ordinarie della società è stato sospeso dalla prima annuncio dell'RTO nell'agosto 2024. La società ora presenterà una richiesta al consiglio NEX della TSXV per riprendere il trading delle sue azioni ordinarie.
Predictiv AI (TSXVNEX:PAI.H, OTC:INOTF) anunció la terminación de su Carta de Intención (LOI) fechada el 2 de agosto de 2024, con Shift Technologies Canada y HouseStack Holdings. Como resultado, la transacción de adquisición inversa (RTO) propuesta anteriormente no procederá.
El comercio de las acciones ordinarias de la empresa ha estado detenido desde el anuncio inicial del RTO en agosto de 2024. La empresa ahora solicitará a la junta NEX de la TSXV reanudar el comercio de sus acciones ordinarias.
Predictiv AI (TSXVNEX:PAI.H, OTC:INOTF)는 2024년 8월 2일자로 Shift Technologies Canada 및 HouseStack Holdings와의 의향서(LOI) 종료를 발표했습니다. 그 결과, 이전에 제안된 역 인수 거래(RTO)는 진행되지 않습니다.
회사의 보통주 거래는 2024년 8월 RTO 발표 이후 중단되었습니다. 회사는 이제 TSXV의 NEX 위원회에 보통주 거래 재개를 신청할 것입니다.
Predictiv AI (TSXVNEX:PAI.H, OTC:INOTF) a annoncé la résiliation de sa Lettre d'Intention (LOI) datée du 2 août 2024, avec Shift Technologies Canada et HouseStack Holdings. En conséquence, la transaction de prise de contrôle inversée (RTO) précédemment proposée ne se poursuivra pas.
Le trading des actions ordinaires de la société a été suspendu depuis l'annonce initiale de l'RTO en août 2024. La société va maintenant demander au conseil NEX de la TSXV de reprendre le trading de ses actions ordinaires.
Predictiv AI (TSXVNEX:PAI.H, OTC:INOTF) hat die Beendigung seines am 2. August 2024 datierten Absichtserklärungs (LOI) mit Shift Technologies Canada und HouseStack Holdings bekannt gegeben. Infolgedessen wird die zuvor vorgeschlagene Reverse-Takeover-Transaktion (RTO) nicht durchgeführt.
Der Handel mit den Stammaktien des Unternehmens wurde seit der ursprünglichen RTO-Ankündigung im August 2024 ausgesetzt. Das Unternehmen wird nun beim NEX-Board der TSXV einen Antrag auf Wiederaufnahme des Handels mit seinen Stammaktien stellen.
- None.
- Termination of planned reverse takeover transaction
- Trading of shares remains halted since August 2024
TORONTO, ON / ACCESS Newswire / February 13, 2025 / Predictiv AI Inc. (TSXVNEX:PAI.H)(OTC PINK:INOTF)(FSE:71TA) ("Predictiv AI", "PAI" or the "Company"), www.predictiv.ai, announces that the previously announced letter of intent dated August 2, 2024 between the Company and Shift Technologies Canada Inc. and HouseStack Holdings Inc (the "LOI") has been terminated in accordance with the terms of the LOI and the proposed reverse takeover transaction will not proceed (see the Company's press release of August 8, 2024).
Trading in the common shares of the Company has been halted since the initial announcement of the RTO in August 2024. The Company will apply to the NEX board of the TSXV to recommence trading of the Company's common shares.
Facebook: https://www.facebook.com/PredictivAI/
Twitter: https://twitter.com/predictivai
LinkedIn: https://www.linkedin.com/company/predictivai/
Company Contact:
Jim Grimes, Chairman & CEO
Phone: 416-500-7117
Email: jgrimes@predictiv.ai
About Predictiv AI Inc.
Predictiv AI Inc. ("Predictiv AI" or "PAI") 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 has used 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., has developed new products that solve real-world business problems
Neither 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.
This news release does not constitute an offer to sell and is not a solicitation of an offer to buy any securities in the United States. The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to "U.S. Persons" (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the terms of the RTO Financing and the timing of completion of the RTO. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to: the Company's ability to complete the RTO; delays involved in completing the RTO; the Company's ability to complete, or delays in completing, the RTO Financing; the Company's ability to receive TSXV approval for the RTO Financing; the state of the financial markets for the Company's securities; the Company's ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that the Company is unaware of at this time. The forward-looking statements contained in this press release are made as of the date of this press release. the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The securities referred to in this press release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.
SOURCE: Predictiv AI, Inc.
View the original press release on ACCESS Newswire
FAQ
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