Annual General and Special Meeting Results

Rhea-AI Summary

AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF) held its Annual General and Special Meeting where shareholders voted on key matters. A total of 54,405,656 shares (31.48% of outstanding shares) were represented. Shareholders approved the following resolutions:

- Fixed the number of directors at four
- Elected Tim Daniels, Mark Orsmond, Michael Nemirow, and Drew Dundas as directors
- Reappointed Baker Tilly WM LLP as auditor
- Approved the Company's Stock Option Plan and RSU/DSU Plan

The company focuses on artificial intelligence and machine learning in digital health through various subsidiaries and partnerships: Quantum Sciences (100% owned), NeuralCloud Solutions (100% owned), Health Gauge (95.2% owned), Tech2Heal (11.11% owned), and AI Rx (70% owned).

Positive

• Successful approval of all proposed resolutions at AGM
• Diverse portfolio of AI/ML healthcare subsidiaries with majority ownership

Negative

• Low shareholder participation rate (31.48%) at AGM

VANCOUVER, BC / ACCESS Newswire / February 21, 2025 / AI/ML Innovations Inc. ("AIML" or the "Company") (CSE:AIML)(OTCQB:AIMLF)(FWB:42FB) is pleased to announce voting results from the Company's Annual General and Special Meeting of shareholders held earlier in the day in virtual-only format ("AGM"). The matters voted upon were outlined in the Company's Management Information Circular dated January 9, 2025 ("Circular") and a press release dated February 20, 2025 ("Release"). A total of 54,405,656 common shares of the Company ("Shares") were voted, representing the votes attached to 31.48% of all outstanding Shares as at the record date.

At the AGM, Shareholders passed resolutions related to the following:

• The number of directors of the Company was fixed at four (4);

• The election of the director nominees set forth in the Circular and the Release, being Tim Daniels, Mark Orsmond, Michael Nemirow, and Drew Dundas;

• The re-appointment of Baker Tilly WM LLP, as auditor of the Company for the ensuring year and the authorization of the directors of the Company to fix the auditors' remuneration; and

• The approval of the Company's Stock Option Plan and RSU/DSU Plan as set forth in the Circular.

The Company thanks Nicholas Watters and Fabrice Pakin, who did not stand for re-election to the Board of Directors at the AGM, for their service to the Company and wishes them both well in their future endeavours.

About AI/ML Innovations Inc.
AI/ML Innovations Inc. has realigned its business operations to capitalize on the burgeoning fields of artificial intelligence: (AI) and machine learning (ML), with an initial investment focus on emerging digital health and wellbeing companies that leverage AI, ML, cloud computing and digital platforms to drive transformative healthcare management solutions and precision support delivery across the health continuum. Through its acquisition of Quantum Sciences Ltd. (100% owned by AIML), NeuralCloud Solutions Inc. (100% owned by AIML), and strategic partnerships with Health Gauge Inc. (95.2% owned by AIML), Tech2Heal (up to 22% ownership rights, with 11.11% currently owned by AIML), AI Rx Inc. (70% owned by AIML), and other planned accretive investments, the Company continues to capitalize on expanding growth areas, to the benefit of all the Company's stakeholders. AIML's shares are traded on the Canadian Securities Exchange under the symbol "AIML", the OTCQB Venture Market under "AIMLF", and the Frankfurt Stock Exchange under "42FB".

On behalf of the Board of Directors:

"Mark Orsmond"
Executive Chairman

For more information about AIML:

For detailed information please see AIML's website www.aiml-innovations.com or the Company's filed documents at www.sedarplus.ca.

For further information, contact: Blake Fallis at (778) 405-0882 or info@aiml-innovations.com.

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 was the voter turnout at AIMLF's 2025 Annual General Meeting?

The voter turnout was 54,405,656 shares, representing 31.48% of all outstanding shares as of the record date.

Who are the newly elected board members of AIMLF in 2025?

The newly elected board members are Tim Daniels, Mark Orsmond, Michael Nemirow, and Drew Dundas.

What ownership stakes does AIMLF have in its healthcare technology investments?

AIMLF owns 100% of Quantum Sciences and NeuralCloud Solutions, 95.2% of Health Gauge, 70% of AI Rx, and 11.11% of Tech2Heal.

What key resolutions were approved at AIMLF's 2025 AGM?

Shareholders approved fixing the board at four directors, elected new board members, reappointed Baker Tilly WM LLP as auditor, and approved the Stock Option Plan and RSU/DSU Plan.