M&A
confidence high
sentiment positive
materiality 0.90
AI Technology Group Amends Merger Deal with AVM Biotech and Biomed 360, Extends Closing to July 2026
AI Technology Group Inc.
- Amendment provides that $1M Tranche 1 convertible at $1.00/share and $1M of Tranche 2 at $2.50/share have been funded.
- Remaining three $1M Tranche 2 increments due by Feb 28, Apr 30, and Jun 30, 2026, convertible at $2.50/share.
- Tranche 3 of $10M to $25M due at closing, also convertible at $2.50/share with 10% simple interest.
- Closing date extended from March 31, 2026 to July 26, 2026 or as mutually agreed in writing.