Predictiv AI Announces Acquisition of Shift Technologies and Housestack Holdings

TORONTO, ON / ACCESSWIRE / August 8, 2024 / Predictiv AI Inc. (TSXV:PAI.H)(OTC PINK:INOTF)(FSE:71TA) has signed a letter of intent to acquire Shift Technologies Canada Inc. and Housestack Holdings Inc. Both private companies are 83% owned by Suman Pushparajah.

The acquisition involves a share exchange, amalgamation, or similar transaction, making Shift and Housestack wholly-owned subsidiaries of Predictiv AI. The reverse-takeover aims for Predictiv AI to become a Tier 2 Technology Issuer on the TSX Venture Exchange (TSXV). Trading of Predictiv AI shares remains halted pending transaction completion.

Predictiv AI will issue approximately 300 million shares and provide Pushparajah with $250,000 cash and a $250,000 promissory note. The transaction is contingent on regulatory approvals, due diligence, and completion of necessary financing.