Artificial Intelligence Technology Solutions files draft information statement
AITX•AITX•AITX•AITX•Artificial Intelligence Technology Solutions shareholders authorized increasing common stock authorization to 27 billion shares from 12 billion on October 20, 2026. The company said no new share issuances are currently planned beyond shares reserved for outstanding convertible notes and preferred stock.
Shareholders authorized an increase in common stock authorization to 27 billion shares from 12 billion on October 20, 2026. The additional 15 billion authorized shares provide flexibility for operations, conversions of convertible securities and future financing needs.
The company said no new share issuances are currently planned beyond shares reserved for outstanding convertible notes and convertible Preferred Stock. The authorization increase itself leaves outstanding shares unchanged, though future issuances could dilute existing shareholders’ ownership and voting power.
