on AI/ML Innovations Inc. (isin : CA00143Y1034)
AI/ML Innovations to Acquire Quantum Sciences Ltd
AI/ML Innovations Inc., based in Victoria, BC, has announced a share purchase agreement to acquire Quantum Sciences Ltd. The deal involves acquiring all outstanding shares of Quantum, which specializes in developing digital healthcare solutions using artificial intelligence, machine learning, and quantum-inspired methodologies. The acquisition price is set at $690,000, payable with 10 million common shares of AI/ML Innovations.
The acquisition aims to enhance healthcare workflows and improve patient and provider participation. The completion of this acquisition is pending approval from the Canadian Securities Exchange and other standard conditions. No new major shareholders will emerge, and no significant debt is being assumed.
Paul Duffy, CEO of AI/ML Innovations, expressed enthusiasm about the acquisition and its potential to drive future growth. The company plans to provide updates on the closing and related developments soon.
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