Generative AI Solutions Corp. completed the acquisition of Global AI Billing Corp.
Generative AI Solutions Corp. (CNSX:AICO) completed the acquisition of Global AI Billing Corp. on May 2, 2023. As on May 10, 2023, GenAI acquired all of the securities of Global AI Billing in exchange for the issuance of an aggregate of 7.5 million shares and the assumption of $1.25 million in existing liabilities of Global AI Billing, of which $0.5 million was reorganized as a convertible debenture of GenAI. No finder's fee or other commission was paid to any person in respect of the Transaction.