INOTF - Predictiv AI announces debt settlement deals

Predictiv AI (OTCPK:INOTF) entered into debt settlement agreements with certain directors, officers, former employees and consultants. The company agreed to convert $114K in payables owed to the parties related to services rendered up to the period ending Jan. 31 into INOTF shares. INOTF is proposing to issue the settlement shares to preserve working capital to fund operations. Predictiv AI agreed to issue 2.28M settlement shares at a deemed issuance price of $0.05/share in full and final satisfaction of the payables owed to the parties. The settlement shares will be subject to a 4 month and 1 day hold period from the date of issue. 700K settlement shares are being issued to insiders of INOTF.

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Predictiv AI announces debt settlement deals