Infinitii AI closes $610,000 debenture financing

Executive Summary

• Infinitii AI Inc. has closed an oversubscribed private placement of convertible debentures totaling $610,000, led by ThreeD Capital Inc. alongside existing shareholders, the CEO, and a new investor.
• The raised capital is designated for working capital and accelerating sales efforts for the company's machine learning solutions, specifically targeting the recent unveiling of mobile and dashboarding products at WEFTEC 2025.
• The financing instrument consists of convertible debentures with a 10% interest rate, a 36-month maturity, and conversion rights into units at $0.05 per unit, which include common shares and warrants exercisable at $0.10 per share.

Key Details

• Transaction Type: Private placement of convertible debentures.
• Total Proceeds: $610,000 (face value).
• Lead Investor: ThreeD Capital Inc.
• Other Investors: Long-time shareholders, the company's chief executive officer, and a new investor.
• Debenture Terms:
  • Interest Rate: 10% per year, compounded semi-annually.
  • Maturity: 36 months from the date of issue.
  • Conversion Price: $0.05 per unit.
  • Conversion Rights: Convertible along with any accrued interest into units at any time before maturity.
• Warrant Terms:
  • Each unit consists of one common share and one share purchase warrant.
  • Warrant Exercise Price: $0.10 per share.
  • Warrant Duration: 36 months from the issue of the warrant.
• Director Compensation: Issuance of 1,003,822 deferred share units to members of the board of directors.
• Use of Proceeds: Working capital and accelerating sales efforts for innovative machine learning solutions, including mobile and dashboarding products unveiled at WEFTEC 2025.

Notable Quotes

• "We are pleased to announce this financing, which will be directed at increasing sales of our latest innovative machine learning solutions, including the recently unveiled mobile and dashboarding products at WEFTEC 2025 in Chicago... Over the course of this year, our company has made significant investments in pioneering product developments and the new funds raised will be dedicated to working capital and accelerating sales efforts aimed at bringing these innovations to market." — Jean Charles Phaneuf, CEO of Infinitii AI.
• "ThreeD Capital has once again led an investment in Infinitii AI'S market opportunity, product vision and our proven business execution based on 11 consecutive quarters of year-over-year growth." — Jean Charles Phaneuf, CEO of Infinitii AI.