Predictiv AI Announces Closing of Acquisition of Shift and HouseStack

Executive Summary

• Predictiv AI Inc. completed the acquisition of 100% of Shift Technologies Canada Inc. and HouseStack Holdings Inc., issuing 62,678,641 common shares to the selling securityholders.
• The company converted 16,416,630 subscription receipts into units (each unit = one common share + one warrant) at $0.10 per receipt, releasing gross proceeds of approximately $1.64 M for business expansion and working capital.
• New directors (Suman Pushparajah, Sana Srithas, Etienne Grima) and executive officers (CEO Suman Pushparajah, CFO Khurram Qureshi, COO Sana Srithas) were appointed; the firm is preparing to list its shares on the Canadian Securities Exchange under “PAI”.

Key Details

• Acquisition Structure:
• Completed acquisition of Shift Technologies Canada Inc. and HouseStack Holdings Inc. pursuant to a July 22 2025 agreement.
• Issued 62,678,641 common shares to selling securityholders as consideration for 100% ownership.

• Post‑transaction share count: 118,348,537 common shares outstanding.

• Listing Update:

• Conditional approval received from the Canadian Securities Exchange (CSE) for listing of Predictiv AI’s common shares.
• Voluntary delisting from the NEX Board of the TSX Venture Exchange effective December 17 2025.

• Anticipated CSE trading symbol: PAI pending satisfaction of customary listing conditions.

• Director & Officer Appointments:

• Directors appointed: Suman Pushparajah, Sana Srithas, Etienne Grima (Rob Barlow continues).

• Executive officers appointed:

  • CEO – Suman Pushparajah
  • CFO – Khurram Qureshi
  • COO – Sana Srithas

• Subscription Receipt Conversion & Financing:

• Converted 16,416,630 subscription receipts into units on December 15 2025.
• Original private placement price: $0.10 per receipt, total gross proceeds $1,641,663.

• Each unit comprises one common share and one warrant; warrants exercisable at $0.15 per share for 24 months, with possible acceleration if CSE VWAP ≥ $0.30 for ten consecutive days.

• Use of Proceeds:

• Funds from the financing will be used to expand Shift’s AI‑powered fleet and asset management platform and for general working capital.

Notable Quotes

(No direct quotes were provided in the release.)