Predictiv AI Announces Financing Terms For The Shift Technologies And HouseStack Holdings Transaction
Predictiv AI Inc. (TSXV:PAI.H)(OTC:INOTF) has announced details of its proposed financing of up to $1,500,000 for the reverse takeover transaction (RTO) with Shift Technologies Canada Inc. and HouseStack Holdings Inc. The company plans a share consolidation of 1 post-consolidation share for 5.5 pre-consolidation shares. The RTO Financing will be through a non-brokered private placement of subscription receipts at $0.10 per receipt. Each receipt will convert into one post-consolidated common share and half a warrant. Warrants are exercisable at $0.15 per share for 12 months. The financing will fund the $250,000 cash component for the acquisition, development of HouseStack and CloudREP platforms, and commercial launch of Shift Technologies' fleet management platform. Closing is expected around November 29, 2024, subject to TSXV approval.
Predictiv AI Inc. (TSXV:PAI.H)(OTC:INOTF) ha annunciato i dettagli del suo finanziamento di fino a $1.500.000 per la transazione di takeover inverso (RTO) con Shift Technologies Canada Inc. e HouseStack Holdings Inc. L'azienda prevede una consolidazione delle azioni di 1 azione post-consolidamento per 5,5 azioni pre-consolidamento. Il finanziamento RTO avverr脿 tramite un collocamento privato non intermediato di ricevute di sottoscrizione a $0,10 per ricevuta. Ogni ricevuta si convertir脿 in un'azione ordinaria post-consolidamento e mezzo warrant. I warrant sono esercitabili a $0,15 per azione per 12 mesi. Il finanziamento servir脿 a coprire il componente in contante di $250.000 per l'acquisizione, lo sviluppo delle piattaforme HouseStack e CloudREP, e il lancio commerciale della piattaforma di gestione della flotta di Shift Technologies. La chiusura 猫 prevista per il 29 novembre 2024, soggetta all'approvazione di TSXV.
Predictiv AI Inc. (TSXV:PAI.H)(OTC:INOTF) ha anunciado los detalles de su financiamiento de hasta $1,500,000 para la transacci贸n de adquisici贸n inversa (RTO) con Shift Technologies Canada Inc. y HouseStack Holdings Inc. La compa帽铆a planea una consolidaci贸n de acciones de 1 acci贸n post-consolidaci贸n por cada 5.5 acciones pre-consolidaci贸n. El financiamiento RTO se realizar谩 a trav茅s de una colocaci贸n privada no intermediada de recibos de suscripci贸n a $0.10 por recibo. Cada recibo se convertir谩 en una acci贸n ordinaria post-consolidada y medio warrant. Los warrants son ejercitables a $0.15 por acci贸n durante 12 meses. El financiamiento cubrir谩 el componente en efectivo de $250,000 para la adquisici贸n, el desarrollo de las plataformas HouseStack y CloudREP, y el lanzamiento comercial de la plataforma de gesti贸n de flotas de Shift Technologies. Se espera que el cierre ocurra alrededor del 29 de noviembre de 2024, sujeto a la aprobaci贸n de TSXV.
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Predictiv AI Inc. (TSXV:PAI.H)(OTC:INOTF) a annonc茅 les d茅tails de son financement allant jusqu'脿 1.500.000 $ pour la transaction de prise de contr么le invers茅e (RTO) avec Shift Technologies Canada Inc. et HouseStack Holdings Inc. L'entreprise pr茅voit une consolidation des actions d'une action post-consolidation pour 5,5 actions pr茅-consolidation. Le financement RTO se fera par le biais d'un placement priv茅 non-interm茅di茅 de re莽us de souscription 脿 0,10 $ par re莽u. Chaque re莽u sera converti en une action ordinaire post-consolidation et un demi-warrant. Les warrants sont exer莽ables 脿 0,15 $ par action pendant 12 mois. Le financement servira 脿 couvrir le composant en esp猫ces de 250.000 $ pour l'acquisition, le d茅veloppement des plateformes HouseStack et CloudREP, et le lancement commercial de la plateforme de gestion de flotte de Shift Technologies. La cl么ture est pr茅vue aux alentours du 29 novembre 2024, sous r茅serve de l'approbation de la TSXV.
Predictiv AI Inc. (TSXV:PAI.H)(OTC:INOTF) hat Details zu seiner geplanten Finanzierung von bis zu 1.500.000 $ f眉r die Reverse Takeover-Transaktion (RTO) mit Shift Technologies Canada Inc. und HouseStack Holdings Inc. bekannt gegeben. Das Unternehmen plant eine Aktiensplit von 1 nach der Konsolidierung auf 5,5 vor der Konsolidierung. Die RTO-Finanzierung erfolgt durch eine nicht vermittelte Privatplatzierung von Zeichnungsscheinen zu 0,10 $ pro Quittung. Jede Quittung wird in eine nach der Konsolidierung ausgegebene Stammaktie und halb einen Warrant umgewandelt. Warrants sind innerhalb von 12 Monaten zum Preis von 0,15 $ pro Aktie aus眉bbar. Die Finanzierung wird dazu verwendet, um den Baranteil von 250.000 $ f眉r die 脺bernahme, die Entwicklung der HouseStack- und CloudREP-Plattformen sowie den kommerziellen Start der Flottenmanagementplattform von Shift Technologies zu sichern. Der Abschluss wird f眉r den 29. November 2024 erwartet, vorbehaltlich der Genehmigung durch TSXV.
- Proposed financing of up to $1,500,000 for RTO transaction
- Share consolidation to potentially improve stock value
- Funds allocated for platform development and commercial launch
- Potential for accelerated warrant expiry if stock performs well
- Share dilution due to new share issuance
- Trading halt since August 2024
- Uncertainty regarding TSXV approval for the RTO Financing
TORONTO, ON / ACCESSWIRE / October 2, 2024 / Predictiv AI Inc. (TSXV:PAI.H)(OTC:INOTF)(FSE:71TA) ("Predictiv AI", "PAI" or the "Company"), , announces additional details of its proposed financing of up to
Immediately prior to the closing of the RTO, and subject to Predictiv AI shareholder and TSX Venture Exchange ("TSXV") approval, it is anticipated that the Company will undertake a share consolidation on the basis of one (1) post-consolidation common share for five and half (5.5) pre-consolidation common shares (the "Consolidation").
The financing (the "RTO Financing") is expected to be completed via a non-brokered private placement financing. The proceeds from the RTO Financing will be used to fund the following: (i)
Private Placement Financing & Timing
The RTO Financing will be completed through the issuance of subscription receipts at a price of
Each Warrant will entitle the holder thereof to purchase one post-Consolidated common share at an exercise price of
The RTO Financing will be conducted on a non-brokered private placement basis and finder's fees may be paid on all or a portion of the RTO Financing.
Closing of the RTO Financing is anticipated to occur in or around November 29, 2024, or such other date as may be determined by the Company.
The RTO Financing remains subject to acceptance by the TSXV.
Trading in the common shares of Predictiv AI has been halted since the initial announcement of the RTO in August 2024. It is anticipated that trading in the common shares of the Company will resume after the completion of RTO.
Further Information
The Company intends to issue a subsequent news release in accordance with the policies of the TSXV providing further details in respect of the RTO, including information relating to the transaction structure, the definitive agreement, descriptions of the proposed Principals and Insiders of the Resulting Issuer. In addition, a summary of Shift's and HouseStack's financial information will be included in a subsequent news release.
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Company Contact:
Jim Grimes, Chairman & CEO
Phone: 416-500-7117
Email: [email protected]
About Predictiv AI Inc.
Predictiv AI Inc. ("Predictiv AI" or "PAI") is a technology company which helps businesses and organizations make smarter decisions using advanced artificial intelligence, deep machine learning and data science techniques. Its Weather Telematics Inc. subsidiary has used patented air quality monitoring sensors to provide predictive weather risk information to the insurance, logistics, fleet management and public safety sectors. The Company's R&D division, AI Labs Inc., has developed new products that solve real-world business problems.
About Shift Technologies Canada Inc.: AI-Driven All-In-One Fleet Management Platform
Shift Technologies Canada Inc. ("Shift") has developed an AI-driven all-in-one fleet management platform to enable businesses to efficiently manage their fleet operations, providing advanced features such as real-time tracking, predictive maintenance, intelligent route planning, AI inspections and more. Shift simplifies fleet management, allowing businesses to focus on their core operations while handling the rest.
For more information, visit
About HouseStack Holdings Inc.: AG真人官方 Estate Intelligence Platform
HouseStack Holdings Inc. ("HouseStack") is a comprehensive real estate intelligence platform that provides AI-powered solutions for real estate professionals. HouseStack products equip users with data-driven insights and advanced technology to make informed decisions.
For more information, visit
CloudRep: AI-Powered Conversational Voice Agent
CloudRepenhances customer service for small business through its AI-powered conversational voice agent. This intelligent assistant efficiently facilitates personalized customer interactions, including answering calls, making outbound calls, and scheduling appointments. CloudRep is in use by small businesses and generating revenue. Businesses using Cloud reported significant improvement in customer satisfaction and operational efficiency with lower costs with the implementation of AI agents for repetitive tasks.
For more information, visit .
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell and is not a solicitation of an offer to buy any securities in the United States. The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to "U.S. Persons" (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the terms of the RTO Financing and the timing of completion of the RTO. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to: the Company's ability to complete the RTO; delays involved in completing the RTO; the Company's ability to complete, or delays in completing, the RTO Financing; the Company's ability to receive TSXV approval for the RTO Financing; the state of the financial markets for the Company's securities; the Company's ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that the Company is unaware of at this time. The forward-looking statements contained in this press release are made as of the date of this press release. the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The securities referred to in this press release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.
SOURCE: Predictiv AI, Inc.
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