Generative AI Solutions Corp C.AICO

Alternate Symbol(s): AICOF

Technology Information Technology Services

Generative AI Solutions Corp. is a Canada-based artificial intelligence company. The Company is focused on developing a vertically integrated artificial intelligence (AI) solutions business through its MAI Cloud platform, with the development and commercialization of AI-powered tools and solutions for businesses and consumers across multiple industries. It is focused on using AI to create transformative products and services that benefit business and consumers across various sectors. The Company is engaged in developing AI-based solutions, which can be integrated into diverse workflows. By leveraging its MAI Cloud platform and its expertise in machine learning, natural language processing, and data analytics, it builds high-performance tools that redefine efficiency, productivity, and user experience. It intends to use the MAI Cloud platform to perform AI computing tasks and hosting for its internal projects, including GenAI Tobacco, Remitz, Classmate, and Global AI Newswire.

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Generative AI Solutions Corp > Normal Course Issuer Bid

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Post by Betteryear2on Oct 29, 2021 8:14pm

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Post# 34066662

Normal Course Issuer Bid

VANCOUVER, BC, Oct. 29, 2021 /PRNewswire/ - PODA HOLDINGS, INC. ("Poda" or the "Company") (CSE: PODA) (FSE: 99L) (OTC: PODAF) is pleased to announce its intention to initiate a normal course issuer bid (the "NCIB") with respect to its outstanding subordinated voting shares (the "Subordinate Voting Shares") through the facilities of the Canadian Securities Exchange (the "CSE").

Under the terms of the NCIB, the Company may purchase up to 2,787,361 Subordinate Voting Shares, representing 5% of the issued and outstanding shares of that class as of the date of this news release, through the facilities of the CSE. The NICB will commence on November 4th, 2021, (the "Commencement Date") and may extend for a period of up to 12 months from the Commencement Date.

"Poda is focused on the commercialization of our proprietary closed-ended pods, and we are well-capitalized to execute on our critical business objectives. We also recognize that this is a pivotal inflection point for the Company and an attractive investment," said Ryan Selby, CEO of Poda Holdings, Inc. "Poda's NCIB is a clear indicator to shareholders regarding our financial health and our confidence in the Company and its near-term commercial goals."

The actual number of Subordinate Voting Shares purchased under the NCIB, the timing of the purchases, and the price per share will depend on market conditions and shall be in compliance with CSE policy and National Instrument 62-104. All purchases by the Company under the NCIB will be made through Haywood Securities Inc., as broker dealer of the Company, and all Subordinate Voting Shares purchased under the NCIB will be cancelled.

The Company anticipates that the NCIB will help align the market price of the Subordinate Voting Shares with the underlying value of the Company. The Board of Directors believes that the NCIB is in the best interests of the Company and represents an appropriate use of corporate funds to enhance value and liquidity for its shareholders.

Poda Holdings, Inc.

Toll-free North America: +1-833-TRY-PODA (879-7632)
Outside North America: +1-406-TRY-PODA (879-7632)
investors@poda-holdings.com
www.poda-holdings.com

https://www.prnewswire.com/news-releases/poda-announces-normal-course-issuer-bid-to-purchase-up-to-2-787-361-subordinated-voting-shares-301412309.html