other material
confidence high
sentiment negative
materiality 0.75
AB International Group enters $5M equity line with Alumni Capital; plans 1:2,000 reverse split
AI Era Corp.
- Entered Common Stock Purchase Agreement with Alumni Capital LP for up to $5M of common stock at 70% of lowest 5-day VWAP.
- Alumni receives warrant to purchase 1,953,125,000 shares at $0.00128/share, representing 50% of the $5M commitment.
- Each purchase notice capped at $250K or 300% of 5-day average daily trading volume; floor price set at $0.01.
- Board approved 1-for-2,000 reverse stock split; FINRA application submitted, effective date not yet received.
- Reverse split may be abandoned by the board at any time before the market effective date.