AIML Innovations Closes Quantum Sciences Ltd. Restructuring
Rhea-AI Summary
AI/ML Innovations (OTCQB:AIMLF) has announced the completion of its restructuring related to the previously acquired Quantum Sciences Ltd. The restructuring, which follows the original acquisition from December 23, 2024, includes key modifications to the initially announced terms.
Two notable changes from the original restructuring announcement include: (1) the non-execution of a planned reseller agreement with Mark Orsmond, and (2) the retention of all intellectual property rights and interests in the "meApp" application by AIML, rather than transferring them to Mark Orsmond as previously planned.
Positive
- None.
Negative
- Failed to execute planned reseller agreement with Mark Orsmond
News Market Reaction 1 Alert
On the day this news was published, AIMLF gained 18.98%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESS Newswire / August 8, 2025 / AI/ML Innovations Inc. ("AIML" or the "Company") (CSE:AIML)(OTCQB:AIMLF)(FWB: 42FB) is pleased to confirm it has closed its previously announced restructuring ("Restructuring") of the terms and conditions associated with its previously completed acquisition of the outstanding common shares of Quantum Sciences Ltd. ("Quantum"). The Quantum acquisition was originally closed on December 23, 2024 and the Restructuring was first announced on April 25, 2025. The Restructuring was completed upon the terms previously announced, other than with respect to (i) the execution of a reseller agreement with Mark Orsmond which was not completed at closing; and (ii) all intellectual property rights and interests in the application known as "meApp" which were retained by the Company at closing instead of being transferred to Mark Orsmond.
For more information about AIML:
For detailed information please see AIML's website or the Company's filed documents at www.sedarplus.ca.
Contact:
Blake Fallis
(778) 405-0882
info@aiml.health
About AIML Innovations Inc.
https://www.aiml.health/
AIML Innovations Inc. is a global technology company pioneering the use of artificial intelligence and neural networks to transform digital health. Our proprietary platforms leverage advanced signal processing and deep learning to convert complex biometric data into actionable clinical insights-supporting earlier diagnosis, personalized treatment, and more effective care.
AIML's shares trade on the Canadian Securities Exchange (CSE: AIML), the OTCQB Venture Market (AIMLF), and the Frankfurt Stock Exchange (42FB).
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company's products and services. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the nature and timing of future operations and the receipt of all applicable regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
On behalf of the Board of Directors:
Paul Duffy, Executive Chairman and CEO
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: AI/ML Innovations, Inc.
View the original press release on ACCESS Newswire
FAQ
What changes were made to AIMLF's Quantum Sciences restructuring terms?
When did AI/ML Innovations complete the original Quantum Sciences acquisition?
Who retained the intellectual property rights to the meApp application?
When was the Quantum Sciences restructuring first announced by AIMLF?
