other_material
confidence high
sentiment neutral
materiality 0.50
AITX enters $30M equity financing agreement with GHS Investments, LLC; shares sold at 80-85% discount
Artificial Intelligence Technology Solutions Inc.
- Agreement replaces prior GHS facility; allows sale of up to $30M in common stock over 24 months through May 2027.
- Purchase price at 80% of market price, or 85% if avg close above $0.01; 90% VWAP if uplisted above $2 floor.
- Maximum put size $1.5M per notice, minimum $10k; puts limited to 250% of 10-day avg daily trading dollar volume.
- Investor capped at 4.99% beneficial ownership; no short sales permitted during term.
- Company retains sole discretion on timing and amount of draws; either party may terminate on 30 days' notice.
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