AI/ML Innovations Inc. Completes Shares for Debt Arrangement

AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF)(FWB:42FB), a leading company committed to acquiring and advancing Artificial Intelligence/Machine Learning technologies that address urgent societal needs, has completed a shares for debt transaction with one arm's length creditor. The company issued 302,891 shares at a deemed price of $0.08 per share to settle a debt of US$17,260 (CAD $24,231.31) for services rendered. The issued shares are subject to a four-month hold period.

Additionally, the company clarified that warrants issued in connection with a previous private placement from August 19, 2024, involving 7,845,000 units, have a three-year term instead of the initially announced two-year term. Warrant holders who received two-year warrants have been issued revised three-year replacement warrants.

The shares for debt transaction allows AI/ML Innovations to reduce its debt obligations and improve its financial position. By converting debt into equity, the company has reduced its interest expenses and enhanced its liquidity. The issuance of shares also increases the company's share capital, which can strengthen its balance sheet and provide a more stable financial foundation.

The clarification of the warrant terms ensures that warrant holders are not disadvantaged by the initial misstatement. The revised three-year term provides these holders with a longer period to exercise their warrants, which can be beneficial for both the company and the warrant holders.

AI/ML Innovations Inc. is focused on investing in and developing AI and ML technologies that address pressing societal needs. Through strategic partnerships with Health Gauge Inc. (95.2% owned by AIML), Tech2Heal (up to 22% ownership rights, with 11.11% currently owned by AIML), AI Rx Inc. (70% owned by AIML), NeuralCloud Solutions Inc. (100% owned by AIML), and other planned accretive investments, the company aims to capitalize on expanding growth areas to the benefit of all stakeholders.

The company's shares are traded on the Canadian Securities Exchange under the symbol "AIML", the OTCQB Venture Market under "AIMLF", and the Frankfurt Stock Exchange under "42FB".