on AI/ML Innovations Inc. (CVE:AIML)
AI/ML Innovations Completes Share Issuance
AI/ML Innovations Inc., a company listed on the Canadian Securities Exchange, has finalized a share issuance to settle debts with certain service providers. A total of 3,560,334 common shares were issued at a price of Cdn$0.05 per share. These shares have a statutory hold period until November 3, 2026.
The transaction includes purchases by company insiders, making it a "related party transaction" under Multilateral Instrument 61-101. Nonetheless, AI/ML Innovations is exempt from the usual valuation and minority approval requirements, due to the transaction's market value.
This issuance does not represent an offer to sell in jurisdictions where it would be unlawful, specifically in the United States.
R. H.
Copyright © 2026 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all AI/ML Innovations Inc. news