Railtown AI Technologies (CSE: RAIL) (OTCQB: RLAIF), a leader in Canadian-built artificial intelligence solutions, announced that it has entered into an amalgamation agreement to acquire all issued and outstanding shares of AI Partnerships Corp. (AIP) through a three-cornered amalgamation, making AIP a wholly owned subsidiary of Railtown. The transaction involves the issuance of 40 million shares at a deemed price of $0.50 per share, plus 10 million performance shares tied to recurring revenue milestones. The acquisition supports Railtown’s goal of developing a first-of-its-kind AI affiliate marketplace designed to connect Canada’s AI ecosystem to secure, sovereign computing infrastructure. Following the transaction, Railtown will also benefit from AIP’s memorandum of understanding with DIGITAL, a national organization that links technology builders and buyers to accelerate commercialization. “Partnering with DIGITAL will empower Railtown and AIP affiliates to tap into a world-class network of innovators and ecosystem leaders,” said Tom Corr, CEO of AIP.
To view the full press release, visit https://ibn.fm/PjUaT
About Railtown
Railtown AI Technologies Inc. is dedicated to transforming the way agentic software is built, deployed, and scaled. Through its intelligent AI frameworks and observability solutions, Railtown believes it empowers companies and developers to quickly build and deploy agentic solutions while simultaneously providing observability into agent health, reliability and performance.
For more information, please visit our website at https://railtown.ai/
About TechMediaWire
TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from TechMediaWire, text “TECH” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.TechMediaWire.com
Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://www.TechMediaWire.com/Disclaimer
TechMediaWire
Austin, Texas
www.TechMediaWire.com
512.354.7000 Office
Editor@TechMediaWire.com
TechMediaWire is powered by IBN
Datavault AI (NASDAQ: DVLT) will host its first Analyst and Investor Day in New York City…
Beeline Holdings (NASDAQ: BLNE), a fast-growing digital mortgage platform offering a quicker and easier path…
Datavault AI (NASDAQ: DVLT) announced that Fiserv (NASDAQ: FISV) will serve as the exclusive embedded financial services and…
Datavault AI (NASDAQ: DVLT) a provider of data monetization, credentialing, digital engagement and real-world asset…
NUBURU (NYSE American: BURU) announced the closing of its previously announced best-efforts public offering, raising approximately…
BOXABL (NASDAQ: BXBL), a technology company focused on modular housing, began trading today on the…