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American Aires Inc - AAIRF STOCK NEWS

Welcome to our dedicated news page for American Aires (Ticker: AAIRF), a resource for investors and traders seeking the latest updates and insights on American Aires.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect American Aires's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of American Aires's position in the market.

Rhea-AI Summary
American Aires Inc. successfully closes a non-brokered private placement offering, raising approximately $4,000,000 through the sale of 26,666,663 units at $0.15 per unit. The units consist of one common share and one common share purchase warrant, with potential for accelerated expiry. CEO Josh Bruni expresses gratitude for the strong market response, indicating investor confidence in the company's EMF modulation technology and growth prospects.
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Rhea-AI Summary
American Aires Inc. increases the size of its non-brokered private placement offering due to high investor demand, aiming to raise up to $4,000,000 by offering 26,666,666 units at $0.15 per unit. Each unit includes a common share and a warrant exercisable at $0.25 per share. The Company may pay finders a 7% cash fee and issue Finder's Warrants. The Offering is subject to CSE approval and a hold period of four months and one day.
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7.68%
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Rhea-AI Summary
American Aires Inc. announces a non-brokered private placement offering of up to 16,666,667 units at a price of $0.15 per unit, with an option to increase to 20,000,000 units for aggregate gross proceeds of $3,000,000. Each unit will be comprised of one common share and one common share purchase warrant, with the option to accelerate the expiry date under certain conditions. The offering is subject to CSE approval and will be subject to a hold period of four months and one day. The expected closing date is not specified in the press release.
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27.15%
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American Aires Inc. (WIFI) announces the grant of 10,000 stock options to a consultant and the acquisition of control over a significant number of common shares by Josh Bruni and Serov Holdings Inc. The options vest immediately and are exercisable at $0.21 per share until July 6, 2026. Mr. Bruni now controls 13.6% of the issued and outstanding common shares, while Serov Holdings Inc. controls 14.3%.
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American Aires Inc. (WIFI) (AAIRD) announces the filing of unaudited Financial Statements and Management's Discussion & Analysis for Q3/2023, marking the first positive EBITDA quarter in the company's history. This achievement is attributed to the strategic decision to outsource the retail segment to HUCK Project LLC. Q3/2023 saw a significant increase in total order volume and a remarkable improvement in adjusted EBITDA, leading to an adjusted net profit of $0.07 million. The CEO, Josh Bruni, emphasized the significance of this achievement, highlighting the company's focus on financial resilience, vision, and operational excellence.
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American Aires Inc. (CSE: WIFI) (OTC Pink: AAIRF) announces partnership with OMSLEEP to integrate EMF modulation technology into Om Mask, enhancing sleep experience. Terry Kim, CEO of OMSLEEP, expresses excitement.
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American Aires announces shares for debt settlement agreements and grants equity incentives
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American Aires Inc. announces consolidation of share capital at a ratio of 1:10, expected to begin trading on a post-Consolidation basis on September 15, 2023.
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20.19%
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American Aires announces Partnership Agreement with HUCK Project LLC for global retail distribution. Outsourcing retail operations to focus on R&D and OEM deals. HUCK to acquire Company's inventory for C$684,038. Monthly royalty rate to be set by the Company. Positive shift in business strategy and potential for growth.
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-5.06%
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Rhea-AI Summary
American Aires Inc. reports strong Q2/2023 sales of $1.93 million, a 29% increase YoY. Gross Profit improves by 81% to $1.13 million. Gross margin reaches 59%. Advertising and Promotion expenses increase by 51% to $0.82 million. Adjusted Net Loss for the quarter is $1.02 million, 7% higher YoY. Reported Net Loss is $1.94 million, 105% higher YoY. EBITDA improves by 7% to $0.72 million.
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American Aires Inc

OTC:AAIRF

AAIRF Rankings

AAIRF Stock Data

8.33M
30.11M
32.15%
Surgical Appliance and Supplies Manufacturing
Manufacturing
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Canada
Toronto