Redwood AI Corp. Concludes Debt Settlement with Share Issuance

Redwood AI Corp., based in Vancouver, has finalized its debt settlement agreements with certain creditors, including a director of the company. Announced on February 27, 2026, the company has issued 236,003 common shares at $1.71 each, settling an outstanding debt of $403,571.96. These shares are subject to a holding period ending on June 28, 2026, as per securities laws.

Included in the settlement, Thorlund Holdings Inc. and Kristian Thorlund received shares for debts of $132,378.36 and $5,075.59 respectively. These transactions fall under Related Party Transactions, but exemptions applied as per Multilateral Instrument 61-101, given that they did not exceed 25% of Redwood's market capitalization.

Redwood AI aimed to expedite the settlement process, hence a material change report was not filed 21 days in advance. This strategic decision supports the company's AI-driven solutions in the chemical and pharmaceutical sectors.