Predictiv AI Announces Debt Settlement and Provides Additional Details of Previously Announced Consulting Agreement With Aktien Media Inc.
Predictiv AI Inc. (PAI) has agreed to settle an aggregate of $298,272 of indebtedness owed to certain creditors by issuing 2,485,606 common shares at a deemed price of $0.12 per share. An insider of the company is participating in this debt settlement, which constitutes a related party transaction. The company is relying on exemptions from formal valuation and minority shareholder approval requirements as the transaction does not exceed 25% of its market capitalization. Additionally, Predictiv AI provided further details on a previously announced consulting services agreement with Aktien Media Inc. to provide internet advertising and market awareness services, specifically targeting European investors.
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