Generative AI Solutions Corp. (CNSX:AICO) entered into a non-binding letter of intent to acquire Global AI Billing Corp for $5.2 million on April 24, 2023. Generative AI Solutions Corp.

(CNSX:AICO) entered into an agreement to acquire Global AI Billing Corp on May 2, 2023. The transaction proceeds include issuance of 7.5 million of common shares and the assumption of liabilities worth $1.25 million of which $500,000 is expected to be reorganized as a convertible debenture of GenAI.