AI/ML Innovations Concludes Oversubscribed Private Placement

AI/ML Innovations Inc. has concluded its non-brokered private placement, raising a total of $2,128,595, surpassing the initial target of $1,550,000. The funding round, which closed on September 4, 2025, offered 42,571,900 Units at $0.05 per Unit. Each Unit includes one common share and a warrant, exercisable at $0.15 until September 2030.

The Company intends to use the proceeds for general working capital. The placement included significant insider participation from key executives, constituting a "related party transaction" according to MI 61-101 regulations. Despite this, the firm was exempt from formal valuation and minority approval requirements.

Additionally, the expiry date for 12,376,666 share purchase warrants from December 2023 has been extended to December 19, 2028. The terms remain unchanged, except for the extension.