AI/ML Innovations Inc. Completes Final Phase of Private Placement

AI/ML Innovations Inc., trading under the ticker symbols CSE: AIML, OTCQB: AIMLF, and FSE:42FB, has finalized the second and last tranche of its private placement initiative. This phase resulted in the issuance of 7.3 million units at $0.05 each, generating $365,000 in gross proceeds. Each unit includes a common share and a purchase warrant, allowing holders to acquire an additional share for $0.15 over five years.

The company also distributed 196,000 broker warrants, with terms similar to those of the units. Securities involved are subject to a statutory hold period ending January 15, 2027. The offering is not available to U.S. residents, as the securities are not registered under the U.S. Securities Act.