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AI Technology Group (AIPG) makes AVMN a wholly-owned subsidiary, converts debt

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Form Type
8-K/A

Rhea-AI Filing Summary

AI Technology Group Inc. filed an amendment describing its completed acquisition of AVM Biotechnology Inc. (AVMN). As a result of the amended share exchange agreement dated December 15, 2025, AVMN is now a wholly-owned subsidiary of the corporation.

As of December 15, 2025, AVMN had outstanding convertible debentures totaling $1,587,000, convertible into 634,800 common shares of AI Technology Group. These debentures will be converted into common shares under the share exchange agreement. Shares issued for the acquisition were unregistered, treated as restricted securities under Rule 144, and issued in reliance on the Section 4(a)(2) private offering exemption. The company will later file AVMN’s financial statements and related pro forma financial information by amendment within 71 days.

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Insights

AI Technology Group closes AVMN acquisition with planned debt-to-equity conversion.

AI Technology Group Inc. completed an amended share exchange so that AVMN is now a wholly-owned subsidiary. The filing notes that AVMN’s convertible debentures of $1,587,000, convertible into 634,800 common shares, will be converted under the agreement, shifting obligations into equity.

The use of Section 4(a)(2) and Rule 144 means the acquisition consideration involved unregistered, restricted stock, typically placed with sophisticated holders. Cash-flow treatment for the acquisition and debenture conversion is not detailed in the excerpt, so the immediate balance sheet impact beyond equity issuance is unclear.

The company plans to file AVMN’s financial statements and Article 11 pro forma financials within 71 days of the initial report, which will help clarify AVMN’s revenue, earnings contribution, and post-transaction capital structure once those disclosures become available in subsequent filings.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.01 Completion of Acquisition or Disposition of Assets Financial
The company completed a significant acquisition or sale of business assets.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A

Amendment No. 1

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

 

Date of Report (date of earliest event reported)

December 17, 2025

 

Commission File Number: 000-1289047

 

AI TECHNOLOGY GROUP INC.

(Exact name of registrant as specified in its charter)

 

Nevada

 

20-1044677

(State of Incorporation)

 

(IRS Employer Identification No.)

 

50 W. Liberty Street, Suite 880, Reno, NV 89501

(Address of principal executive offices, zip code)

 

(800) 394-7440

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

Explanatory Note: AI Technology Group Inc. is filing this Amendment No. 1 to its Current Report on Form 8-K (this “Amendment”), originally filed with the Securities Exchange Commission (the “SEC”) on December 17, 2025 (the “Original 8-K”), to replace an incorrect version of the Share Exchange Agreement filed as Exhibit 2.1. The correct version of the Share Exchange Agreement, which is the version amended, executed and delivered among the parties thereto, is filed as Exhibit 10.1 hereto and supersedes and replaces in its entirety Exhibit 2.1 to the Original 8-K. This Amendment amends or changes the defined term “AVM” to “AVMN” from the information previously disclosed in the Original Form 8-K. Further, the Company has amended Item 2.01 to amend its Convertible Debentures amounted to $1,587,00, an increase of $462,000, convertible into 634,800 common shares of the Corporation, an increase of 50,000 shares of common stock.

 

 

 

   

Item 1.01 – Entry into a Material Definitive Agreement

 

On December 15, 2025, AI Technology Group Inc. (the “Corporation”) entered into a Share Exchange Agreement as amended hereto with AVM Biotechnology Inc., a Nevada corporation (“AVMN”), and Biomed 360 Solutions Corp., a British Columbia corporation (“Biomed 360”), the sole shareholder of AVMN.

 

Under the terms of the agreement, the Corporation agreed to acquire 100% of the issued and outstanding shares of AVMN in exchange for 100 common shares of the Corporation. As a result, AVMN became a wholly-owned subsidiary of the Corporation.

 

The transaction is intended to qualify as a tax-free reorganization under Section 368 of the Internal Revenue Code of 1986, as amended.

 

Item 2.01 – Completion of Acquisition or Disposition of Assets

 

On December 15, 2025, the Corporation completed the acquisition of AVMN.

 

 

·

Consideration: 100 common shares of the Corporation issued to Biomed 360 in exchange for 100 common shares of AVM.

 

·

Result: AVMN is now a wholly-owned subsidiary of the Corporation.

 

·

Convertible Debentures: On December 15, 2025, AVMN had outstanding convertible debentures totaling $1,587,000, convertible into 634,800 common shares of the Corporation. These debentures will be converted into common shares of the Corporation pursuant to the Share Exchange Agreement.

 

Item 3.02 – Unregistered Sales of Equity Securities

 

The shares issued in connection with the acquisition were not registered under the Securities Act of 1933 and are considered restricted securities under Rule 144. The issuance was made in reliance upon exemptions from registration provided by Section 4(a)(2) of the Securities Act.

 

Item 9.01 – Financial Statements and Exhibits

 

 

·

(a) Financial Statements of Business Acquired: The financial statements of AVMN required by Rule 3-05 of Regulation S-X will be filed by amendment to this Form 8-K within 71 calendar days after the date this initial report is filed.

 

·

(b) Pro Forma Financial Information: Pro forma financial information required by Article 11 of Regulation S-X will be filed by amendment within 71 calendar days.

 

·

(d) Exhibits:

 

 

○ 

Exhibit 10.1 – Amended Share Exchange Agreement dated December 15, 2025, among AI Technology Group Inc., AVM Biotechnology Inc., and Biomed 360 Solutions Corp.

 

○ 

Exhibit 101 – Cover Page Data File (embedded within the Inline XBRL document)

 

 
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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

AI TECHNOLOGY GROUP INC.

 

 

 

 

Date: March 5, 2026

By:

/s/ Marcus Johnson

 

 

Marcus Johnson

 

 

 

Chief Executive Officer

 

 
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FAQ

What major transaction did AI Technology Group (AIPG) complete with AVMN?

AI Technology Group completed an amended share exchange agreement making AVM Biotechnology Inc. (AVMN) a wholly-owned subsidiary. This means AI Technology Group now directly owns 100% of AVMN’s equity, consolidating its operations and assets under the parent company’s corporate structure.

How large are AVMN’s convertible debentures mentioned by AI Technology Group (AIPG)?

As of December 15, 2025, AVMN had outstanding convertible debentures totaling $1,587,000. These instruments are convertible into 634,800 common shares of AI Technology Group, and will be converted into common shares pursuant to the amended share exchange agreement terms.

How will AVMN’s convertible debentures affect AI Technology Group (AIPG) shares?

The filing states AVMN’s $1,587,000 in outstanding convertible debentures will be converted into 634,800 common shares of AI Technology Group. This conversion increases the company’s share count by issuing new equity to satisfy the debenture obligations instead of using cash.

Were the AI Technology Group (AIPG) shares issued for the AVMN acquisition registered?

No, the shares issued in connection with the AVMN acquisition were not registered under the Securities Act of 1933. They are classified as restricted securities under Rule 144 and were issued relying on the private offering exemption in Section 4(a)(2) of the Securities Act.

What additional financial information will AI Technology Group (AIPG) file about AVMN?

AI Technology Group will file AVMN’s financial statements required by Rule 3-05 of Regulation S-X by amendment. It will also submit Article 11 pro forma financial information within 71 calendar days, providing a combined view of the company and AVMN after the acquisition.

Which key exhibit relates to the AVMN acquisition for AI Technology Group (AIPG)?

The key exhibit is Exhibit 10.1, the Amended Share Exchange Agreement dated December 15, 2025, among AI Technology Group Inc., AVM Biotechnology Inc., and Biomed 360 Solutions Corp. This document governs the terms by which AVMN became a wholly-owned subsidiary.

Filing Exhibits & Attachments

5 documents