aiAdvertising (AIAD) has released an update to notify the public and investors about an entry into a material definitive agreement.
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AiAdvertising, Inc. amended its securities purchase agreement with Hexagon Partners, Ltd., allowing for the sale of additional shares in two tranches with set prices per share. Following the amendment, Hexagon Partners exercised an option to purchase 892,857 shares of Series I Preferred Stock at $2.80 each. The amendment also granted Hexagon Partners participatory rights in the company’s future financing endeavors.
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For a comprehensive understanding of the announcement, you can read the full document here.