---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-034542"
form_type: "8-K"
ticker: "AITX"
cik: "0001498148"
company_name: "Artificial Intelligence Technology Solutions Inc."
filed_at: "2022-12-06T23:59:59+00:00"
generated_at: "2026-06-21T08:49:07.615741+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AITX enters $10M stock purchase agreement with GHS; provides unit deployment and order guidance

## Summary
- Enters $10M equity line with GHS Investments LLC, allowing issuance of up to $10M common stock over two years at 90% of VWAP.
- As of Dec 5, 2022, subsidiary RAD has ~280 units deployed and ~250 units on backorder.
- RAD forecasts 250–500 additional unit orders over next six months and 350–800 over next twelve months.
- Over 80 paying customers; 65% have reordered or are expected to reorder within 12 months.
- Company has 85 employees; authorized hiring up to 100, focused on R&D.

## SEC filing metadata
- accession: 0001493152-22-034542
- form_type: 8-K
- ticker: AITX
- cik: 0001498148
- company_name: Artificial Intelligence Technology Solutions Inc.
- filed_at: 2022-12-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01, 5.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1498148/000149315222034542/0001493152-22-034542-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1498148/000149315222034542/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-034542
- JSON: https://secwatch.observer/filing/0001493152-22-034542.json
- Plain text: https://secwatch.observer/filing/0001493152-22-034542.txt

## Key facts
- Material Agreements
  Artificial Intelligence Technology Solutions Inc. entered into GHS Purchase Agreement with GHS Investments LLC valued at up to ten million dollars ($10,000,000) (effective 2022-12-05).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: GHS Investments LLC
  - Value: up to ten million dollars ($10,000,000)
  - Effective: 2022-12-05
  source text: On December 5, 2022, we entered into a stock purchase agreement with GHS Investments LLC ("GHS"). Under the stock purchase agreement with GHS (the "GHS Purchase Agreement"), the Company may require GHS to purchase up to ten million dollars ($10,000,000) of shares of common stock ("GHS Purchase Shares") over a two-year term that ends on December 5, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1498148/000149315222034542/0001493152-22-034542-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.