Infinitii ai (TSE:IAI) has released an update.
Infinitii ai inc. is set to raise $875,000 through a convertible debenture offering, aiming to bolster its working capital for new business initiatives and to address existing convertible debentures. The debentures, with a 10% annual interest rate and a 36-month maturity, can be converted into units consisting of common shares and purchase warrants. Meanwhile, the company bids farewell to board member Vikas Ranjan, acknowledging his contributions during a period of significant corporate transformation and record software sales.
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