secwatch.observer — SEC 8-K summary
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Issuer:     Artificial Intelligence Technology Solutions Inc. (AITX)
CIK:        0001498148
Form:       8-K
Filed at:   2026-08-03T10:11:49+00:00
Accession:  0001493152-26-035730
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AITX announces cost reduction plan targeting $2.4M annualized SG&A savings, aims for positive cash flow by Dec 2026
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- Expects ~$200K/month reduction in cash SG&A, annualized run-rate savings of ~$2.4M, fully effective by Dec 2026.
- Q1 FY2027 operating expenses $3.89M, down 12% YoY from $4.41M.
- Company targets positive monthly cash flow from operations by Dec 31, 2026.
- Plan committed by CEO on Aug 1, 2026, under Board authority.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498148/000149315226035730/0001493152-26-035730-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498148/000149315226035730/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-035730

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