Wisr AI Systems completes acquisition of RiskAssure

Executive Summary

• Wisr AI Systems Inc. has completed the acquisition of RiskAssure assets from arm's-length vendors, accelerating its agentic AI strategy for automated cyber risk intelligence.
• The transaction was settled via the issuance of 6.25 million common shares, valued at a deemed price of $0.25 per share, totaling $1,562,500.
• The acquisition integrates RiskAssure’s AI-driven security questionnaire automation with Wisr AI’s existing platform to enhance third-party risk management and deal velocity.

Key Details

• Transaction Structure: Asset purchase agreement executed with arm's-length vendors.
• Consideration: 6.25 million common shares of Wisr AI Systems Inc.
• Valuation: Deemed price of $0.25 per share; total purchase price of $1,562,500.
• Valuation Basis: Supported by customary valuation techniques and benchmarking against prevailing technology sector multiples.
• Assets Acquired: All assets comprising the RiskAssure platform, including related intellectual property.
• Share Restrictions: Issued shares are subject to a statutory hold period of four months and one day under Canadian securities laws and CSE policies.
• Fees: No finders' fees were payable by either party.
• Strategic Rationale: Integration aims to replace static, manual security questionnaire processes with AI-generated, context-rich responses, reducing turnaround time from days to minutes.
• Technology Integration: RiskAssure utilizes an agentic retrieval-augmented generation (RAG) workflow, aligning with Wisr AI’s platform that ingests global signals, dark Web sources, and enterprise data.
• Advisory Appointment: Anthony Green, co-creator and principal architect of RiskAssure, appointed to Wisr AI’s advisory board.

Notable Quotes

• "The completion of the acquisition reflects our commitment to delivering agentic AI solutions that not only predict risk but also automate action," said Rob Goehring, chief executive officer of Wisr AI. "RiskAssure is a powerful extension of our platform, enabling organizations to instantly respond to vendor requests while maintaining accuracy, transparency and trust."
• "Anthony brings a rare combination of deep technical expertise and real-world operator experience in building secure, scalable, AI-powered systems," noted Mr. Goehring. "We're excited to welcome him to the advisory board as we accelerate our mission to redefine the future of autonomous risk intelligence."