AI/ML Innovations Completes Share Issuance to Settle Debt

AI/ML Innovations Inc., a company focused on artificial intelligence and neural-network technologies for digital health, announced the completion of its share for debt issuance. The company has issued 7,744,062 common shares at CAD$0.05 per share, totaling CAD$387,203. This move aims to satisfy outstanding indebtedness and compensate service providers for past services.

The issued shares have a statutory hold period until February 10, 2027. Insiders of AI/ML Innovations are set to purchase 4,900,001 shares, making this a "related party transaction" under Multilateral Instrument 61-101. The company is exempt from certain valuation and approval requirements since the transaction value does not exceed 25% of its market capitalization.

The shares are not registered under the United States Securities Act of 1933 and cannot be offered or sold in the U.S. without registration or an applicable exemption. This issuance does not constitute an offer, sale, or solicitation in regions where such actions would be unlawful.