Imaginear Inc Stock Price, News & Analysis

ImagineAR (CSE: IP) (OTCQB: IPNFF) announced that its subsidiary FameDays has secured a $10 million contract to develop a 25,000-square-foot immersive experience center in Niagara Falls, Ontario. The agreement was executed with Ontario real estate developer Mr. J Grewal on February 21, 2025.

The project represents the first implementation of ImagineAR's new AR-AI business model designed for scalable, recurring revenue. Key features include:

• A non-refundable deposit of $250,000 paid upon contract execution
• A Master Services Agreement for ongoing support
• Annual fees and monthly royalties based on gross sales
• Immersive attractions, AR racing, VR Gaming, and Mixed Reality

Located in a region attracting over 13 million visitors annually, the center aims to capitalize on Niagara Falls' tourism. The partnership serves as a blueprint for scaling ImagineAR's technology across high-traffic global destinations, with potential expansion already in discussion for a second, larger location in Ontario.

ImagineAR (IPNFF) announced a significant $10 million contract through its subsidiary FameDays to develop a 25,000-square-foot immersive experience center in Niagara Falls, Ontario. The agreement, signed with Ontario real estate developer J Grewal on February 21, 2025, includes immersive attractions, AR racing, VR Gaming, and Mixed Reality features.

The developer paid a non-refundable deposit of $250,000 and signed a Master Services Agreement for ongoing support. Beyond the initial contract, ImagineAR will receive annual fees and monthly royalties based on gross sales once the center opens. Located in a region attracting over 13 million visitors annually, this marks ImagineAR's first implementation of their AR-AI business model aimed at driving scalable, recurring revenue.

Grewal has expressed interest in opening two additional locations, with discussions underway for a second, larger center in Ontario. This partnership aligns with market projections showing immersive tech growth from $183.96 billion in 2024 to $1.7 trillion by 2032.

ImagineAR (IPNFF) has announced key achievements and future plans in the immersive technology market, which is projected to grow from $183.96 billion in 2024 to $1.7 trillion by 2032. The company has developed a Microsoft Certified Azure AR cloud platform with self-publishing capabilities and integrated generative AI features for interactive AR holograms and avatars.

The company has expanded into key verticals including retail, casinos, and location-based entertainment, offering tailored mobile and web solutions. ImagineAR has established strategic partnerships to advance AR adoption and gained recognition for its AI/AR-as-a-Service model. The company aims to make AR & AI tools more practical and accessible for businesses to enhance customer experiences.

ImagineAR (IPNFF) has announced significant financial restatements following a British Columbia Securities Commission review. The company will amend and re-file interim financial statements and management discussion analyses for periods ending November 30, 2022, February 28, 2023, and May 31, 2023, due to material revenue misstatements.

Key disclosures include significant customer concentration risk, with one major customer contributing 52% and 66% of revenue during 2022 and 2023, respectively. Notable write-offs of accounts receivables from this customer amounted to $39,952 in 2022 and $173,547 in 2023.

The company also clarified that 10,000,000 common shares were issued on November 22, 2023, initially recorded as a transaction cost but later reclassified as share-payment compensation valued at $400,000. A previously disclosed refundable deposit for a Southern United States property project was returned to the original providers, not to the company.

ImagineAR (IPNFF) has announced the planned launch of its AI/AR-as-a-Service business model, integrating GenAI technology developed by S3iai with Augmented Reality. The platform will enable businesses to create personalized customer experiences through AI-powered voice interactions and AR holograms on mobile devices.

The solution will target diverse sectors including Aerospace, Location-Based Entertainment, Casino, and Retail, offering features such as AI-curated AR ads, flexible platform licensing, and data-driven insights through subscription plans. The SaaS model aims to generate predictable recurring revenue and foster long-term customer relationships.

The company reports early interest from potential partners and is currently in active discussions with multiple parties interested in implementing this technology for their operations and customer engagement strategies.

ImagineAR (CSE: IP, OTCQB: IPNFF) has announced the signing of an arms-length consulting agreement with a consultant who will assist in developing new business concepts, increase company visibility, and identify potential partnership opportunities over a 12-month period.

As compensation, the company has granted the consultant 5,000,000 stock options, exercisable at $0.075 per share with a three-year exercise period. The options have been issued in accordance with the company's stock option plan.

ImagineAR (CSE: IP) (OTCQB: IPNFF) has closed the second tranche of a convertible note financing, raising $385,000. This brings the total amount received from both tranches to $510,000. The funds will support the company's major initiatives: Location-Based Entertainment, AI integration with AR, and Patent Enforcement & Licensing.

The convertible notes can be converted into Units at $0.05 per Unit, with each Unit comprising one common share and one warrant. The warrant is exercisable into one common share at $0.07 for three years from the issue date. No finder's fees or commissions will be paid. Securities issued will have a four-month statutory hold period plus one day from issuance.

ImagineAR (CSE: IP) (OTCQB: IPNFF) has clarified details of its convertible note financing announced on August 30, 2024. The convertible notes and interest can be converted into units at $0.05 per unit at any time by the holder or automatically. Each unit comprises one common share and one warrant, with the warrant exercisable into one common share at $0.07 for three years from the issue date. The company has received $125,000 for the first tranche and plans to issue the convertible notes on September 9, 2024. No finders fees or commissions will be paid. The company emphasizes that this press release is not an offer to sell or solicitation to buy securities, and the securities have not been registered under the U.S. Securities Act of 1933.

ImagineAR (CSE: IP) (OTCQB: IPNFF) has announced the closure of the first tranche of a $1.1 million convertible note financing. The funds will support three major initiatives: Location-Based Entertainment, AI integration with AR, and Patent Enforcement & Licensing. The financing terms include:

- Three tranches: Initial $125,000 on August 30, 2024, and $975,000 in two subsequent tranches by October 31, 2024
- 12% annual interest rate, payable quarterly or on maturity/conversion
- 24-month maturity from issue date
- Automatic conversion to common shares at $0.05 per share
- Company option to convert within 30 days if shares trade at or above $0.20 for 20+ consecutive days after 4 months from issuance

Securities are subject to a four-month statutory hold period. This offering is not available in the United States or to U.S. persons.