AiAdvertising, Inc. announced that it has entered into a securities purchase agreement with new investor Hexagon Partners, Ltd., to issue and sell to the Purchaser up to 2,918,560 shares of its Series I Preferred Stock for an aggregate purchase price of up to $9,250,000 on April 10, 2023. The transaction will include participation from new investor Hexagon Partnership Limited. The Company also granted the Purchaser a six-month option from the date of the initial closing, which the Purchaser has the right to assign subject to certain restrictions, to purchase up to 333,333 additional shares of Series I Preferred Stock at a purchase price of $6.00 per share of Series I Preferred Stock, and up to 312,500 shares of Series I Preferred Stock at a purchase price of $7.20 per share of Series I Preferred Stock.