AI/ML Innovations Appoints New CFO and Announces Debt Settlement Share Issuance

AI/ML Innovations Inc., a technology company focused on AI for digital health, has appointed Lynn Chapman as Chief Financial Officer. Chapman, a CPA with over 15 years of financial experience, replaces Terence Lee. In his previous roles, Chapman provided financial services to numerous publicly listed and private companies, bringing valuable expertise in public-company reporting and financial strategy.

Additionally, AI/ML Innovations is issuing 7,744,062 common shares to settle existing debts with service providers. This share issuance is regarded as a "related party transaction" due to insider involvement. However, it qualifies for certain exemptions under Canadian regulations. The issuance awaits Canadian Securities Exchange approval.