Predictiv AI Announces Private Placement Financing & Proposed Shares for Debt Transaction

Predictiv AI, Inc., a technology firm based in Toronto, has disclosed plans for a non-brokered private placement aiming to garner up to $250,000 through the issuance of 12,500,000 units at $0.02 each. These units include a common share and a share purchase warrant, enabling holders to acquire additional shares at $0.05 each over two years post-issuance. The company could expedite the warrants if share prices achieve a specified threshold.

Furthermore, Predictiv AI is proposing to convert $500,000 in payables into 25,000,000 shares at $0.02 each to various debt holders, including officers, directors, and consultants, aiming to preserve working capital. This initiative entails issuing debt settlement shares, subject to a four-month hold and approval from the TSX Venture Exchange. Noteworthy, nearly half of these shares are destined for insiders, constituting a "related party transaction," yet compliant with applicable securities regulations.

This strategic financial restructuring, approved by the company's directors, is set to navigate Predictiv AI through its financial constraints, ensuring its continued operation and growth in the artificial intelligence sector. However, the completion of these transactions hinges on TSXV approval, with no assurances provided on fulfillment.