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confidence high
sentiment neutral
materiality 0.40
AITX cancels proposed 3.8B share increase after 100-for-1 reverse split
Artificial Intelligence Technology Solutions Inc.
- Board unanimously voted not to proceed with increasing authorized shares from 27.5B to 31.3B.
- 100-for-1 reverse stock split processed by FINRA on March 12, 2026.
- Authorized capitalization remains 27.5B common shares and 20M preferred shares.
- Management will evaluate a potential reduction of authorized shares; further updates to come.