AI/ML Innovations Inc. (CNSX:AIML) signed a letter of intent to acquire Product Division of Naiad Labs Inc. for CAD 0.44 million on April 27, 2024. AIML will issue 6,700,000 Common Shares from its Treasury to Naiad, as full and final payment. The closing of the Asset Purchase is subject to satisfactory completion of due diligence by AIML, AIML Board approval, any requisite regulatory approval, and other conditions typically set out in a purchase and sale agreement of this type. The parties are working to complete a definitive agreement based upon the terms found of LOI on or about May 30, 2024. As of June 3, 2024, AI/ML Innovations Inc. (CNSX:AIML) entered into a definitive agreement to acquire Product Division of Naiad Labs Inc.

AI/ML Innovations Inc. (CNSX:AIML) completed the acquisition of Product Division of Naiad Labs Inc. on June 17, 2024.