Anuncio • Jul 15
Predictiv AI Inc., Annual General Meeting, Sep 10, 2025 Predictiv AI Inc., Annual General Meeting, Sep 10, 2025. Location: ontario, toronto Canada Anuncio • Feb 14
Shift Technologies Canada Inc. & HouseStack Holdings Inc. cancelled the acquisition of Predictiv AI Inc. (TSXV:PAI.H) in a reverse merger transaction. Shift Technologies Canada Inc. & HouseStack Holdings Inc. entered into a letter of intent to acquire Predictiv AI Inc. (TSXV:PAI.H) for CAD 6.5 million in a reverse merger transaction on August 2, 2024. Predictiv AI intends for the Proposed Transaction to constitute a Reverse-Takeover Transaction pursuant to the policies of the TSX Venture Exchange (the "TXSV"). The trading in the common shares of Predictiv AI (“PAI Shares") will remain halted pursuant to the policies of the TSXV. It is anticipated that trading will remain halted until the completion of the Proposed Transaction. Both private companies which are each 83% owned by Suman Pushparajah. Predictiv AI will acquire all issued and outstanding shares in the capital of both Shift and HouseStack (the “Target Shares”) in exchange for 70% of Predictiv AI’s total and outstanding common shares immediately prior to the closing of the Proposed Transaction. Based on the number of PAI Shares currently issued and outstanding of 128,500,616, it is expected that the holders of Target Shares will be issued approximately 300,000,000 PAI Shares (on a pre-Consolidation basis). Both private companies which are each 83% owned by Suman Pushparajah. In addition to the issuance of PAI Shares, on closing of the Proposed Transaction, Pushparajah will receive (i) a cash payment of CAD 250,000, and (ii) a promissory note issued by the Resulting Issuer with a principal amount of CAD 250,000, accruing interest at an annual rate of 6%. Pushparajah shall have the option to convert the principal amount of the Note into PAI Shares at the issue price of the PAI Shares under the equity financing (the “Financing”) completed concurrent with completion of the Proposed Transaction; or receive cash repayment under the Note once the Resulting Issuer achieves positive cash flow for at least two consecutive financial years. As per the LOI, a condition of closing the Proposed Transaction, Predictiv AI will complete the Financing in an amount that is sufficient to meet the initial listing requirements of the TSXV, at a price to be determined in the context of the market. Immediately prior to the closing of the Proposed Transaction, and subject to Predictiv AI shareholder approval and TSXV approval, it is anticipated that Predictiv AI will undertake a share consolidation on the basis of one (1) post-consolidation common share for up to 6 preconsolidation common shares.
Closing of the Proposed Transaction will be subject to a number of conditions precedent including, without limitation: (a) receipt of all required regulatory, corporate and third-party approvals, including TSXV approval, and compliance with all applicable regulatory requirements and conditions necessary to complete the Proposed Transaction; (b) completion of satisfactory results from due diligence investigations for each of the parties; (c) completion of the Financing; and (d) other mutual conditions precedent customary for a transaction such as the Proposed Transaction.
As of October 2, 2024, Predictiv AI announces additional details of its proposed financing of up to CAD 1.5 million. Immediately prior to the closing of the RTO, and subject to Predictiv AI shareholder and TSX Venture Exchange approval, the Company will undertake a share consolidation on the basis of one (1) post-consolidation common share for five and half (5.5) pre-consolidation common shares. The financing is expected to be completed via a non-brokered private placement financing. The proceeds from the RTO Financing will be used to fund the following: (i) CAD 0.25 million cash component payable to the vendors to complete the acquisition of Shift and HouseStack; (ii) final phase of development of the HouseStack real estate intelligence platform and the CloudREP AI-powered conversational voice agent; (iii) commercial launch, sales and marketing of Shift Technologies AI-driven fleet management platform; and (iv) for working capital and general corporate purposes.
Shift Technologies Canada Inc. & HouseStack Holdings Inc. cancelled the acquisition of Predictiv AI Inc. (TSXV:PAI.H) in a reverse merger transaction on February 13, 2025. Trading in the common shares of the Company has been halted since the initial announcement of the RTO in August 2024. The Company will apply to the NEX board of the TSXV to recommence trading of the Company's common shares. Anuncio • Aug 09
Shift Technologies Canada Inc. & HouseStack Holdings Inc. entered into a letter of intent to acquire Predictiv AI Inc. (TSXV:PAI.H) for CAD 6.5 million in a reverse merger transaction. Shift Technologies Canada Inc. & HouseStack Holdings Inc. entered into a letter of intent to acquire Predictiv AI Inc. (TSXV:PAI.H) for CAD 6.5 million in a reverse merger transaction on August 2, 2024. Predictiv AI intends for the Proposed Transaction to constitute a Reverse-Takeover Transaction pursuant to the policies of the TSX Venture Exchange (the "TXSV"). The trading in the common shares of Predictiv AI (“PAI Shares") will remain halted pursuant to the policies of the TSXV. It is anticipated that trading will remain halted until the completion of the Proposed Transaction. Both private companies which are each 83% owned by Suman Pushparajah. Predictiv AI will acquire all issued and outstanding shares in the capital of both Shift and HouseStack (the “Target Shares”) in exchange for 70% of Predictiv AI’s total and outstanding common shares immediately prior to the closing of the Proposed Transaction. Based on the number of PAI Shares currently issued and outstanding of 128,500,616, it is expected that the holders of Target Shares will be issued approximately 300,000,000 PAI Shares (on a pre-Consolidation basis). Both private companies which are each 83% owned by Suman Pushparajah. In addition to the issuance of PAI Shares, on closing of the Proposed Transaction, Pushparajah will receive (i) a cash payment of CAD 250,000, and (ii) a promissory note (the “Note”) issued by the Resulting Issuer with a principal amount of CAD 250,000, accruing interest at an annual rate of 6%. Pushparajah shall have the option to convert the principal amount of the Note into PAI Shares at the issue price of the PAI Shares under the equity financing (the “Financing”) completed concurrent with completion of the Proposed Transaction (as described below); or receive cash repayment under the Note once the Resulting Issuer achieves positive cash flow for at least two consecutive financial years. As per the LOI, a condition of closing the Proposed Transaction, Predictiv AI will complete the Financing in an amount that is sufficient to meet the initial listing requirements of the TSXV, at a price to be determined in the context of the market. Immediately prior to the closing of the Proposed Transaction, and subject to Predictiv AI shareholder approval and TSXV approval, it is anticipated that Predictiv AI will undertake a share consolidation on the basis of one (1) post-consolidation common share for up to 6 preconsolidation common shares (the “Consolidation”).
Closing of the Proposed Transaction will be subject to a number of conditions precedent including, without limitation: (a) receipt of all required regulatory, corporate and third-party approvals, including TSXV approval, and compliance with all applicable regulatory requirements and conditions necessary to complete the Proposed Transaction; (b) completion of satisfactory results from due diligence investigations for each of the parties; (c) completion of the Financing; and (d) other mutual conditions precedent customary for a transaction such as the Proposed Transaction. New Risk • May 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 37% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Negative equity (-CA$1.1m). Revenue is less than US$1m (CA$40k revenue, or US$30k). Market cap is less than US$10m (CA$2.57m market cap, or US$1.88m). Minor Risk Shareholders have been diluted in the past year (37% increase in shares outstanding). Anuncio • May 23
Predictiv AI Inc. announced that it has received CAD 0.2 million in funding On March 21, 2024, Predictiv AI Inc., closed the transaction. The company issued 10,000,000
units of the company at a price of CAD 0.02 per unit for the gross proceeds of CAD 200,000. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable for one additional common share at an exercise price of CAD 0.05 for a period of 24 months. All securities issued pursuant to the private placement will be subject to a statutory hold period of four months from the date of issuance. Anuncio • Mar 20
Predictiv AI Inc. announced that it expects to receive CAD 0.25 million in funding Predictiv AI Inc. announced a non-brokered private placement of up to 12,500,000 units at a price of CAD 0.02 per unit for the gross proceeds of CAD 250,000 on March 19, 2024. Each unit is comprised of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one additional share of the company at an exercise price of CAD 0.05 per share for a period of 24 months from the date of issuance. Board Change • Feb 12
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Interim President, CEO & Chairman Jim Grimes is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Anuncio • Jan 06
Predictiv AI Inc., Annual General Meeting, Mar 05, 2024 Predictiv AI Inc., Annual General Meeting, Mar 05, 2024. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Interim President, CEO & Chairman Jim Grimes was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Interim President, CEO & Chairman Jim Grimes was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 27
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: CA$0.003 loss per share (up from CA$0.014 loss in 3Q 2021). Revenue: CA$3.0k (down 38% from 3Q 2021). Net loss: CA$284.2k (loss narrowed 70% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. Reported Earnings • Sep 25
Second quarter 2022 earnings released Second quarter 2022 results: Net loss: CA$125.4k (loss narrowed 69% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. Executive Departure • Aug 04
President, CEO & Director Michael Lende has left the company During their tenure, earnings grew by 160% annually compared to the industry average of 17%. On the 30th of July, Michael Lende was replaced as CEO by Jim Grimes after 1.3 years in the role. Michael still personally held 1.42m shares (CA$227k worth) as of March 2021. This is 1.5% of the company. Michael is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.58 years, which is considered inexperienced in the Simply Wall St Risk Model. Under Michael's leadership, the company delivered a total shareholder return of -87%. Reported Earnings • Jul 01
First quarter 2022 earnings released: CA$0.003 loss per share (vs CA$0.023 loss in 1Q 2021) First quarter 2022 results: Net loss: CA$269.1k (loss narrowed 69% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 02
Full year 2021 earnings released: CA$0.12 loss per share (vs CA$0.055 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: CA$78.3k (down 76% from FY 2020). Net loss: CA$7.24m (loss widened 253% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 11
New 90-day high: CA$0.22 The company is up 38% from its price of CA$0.16 on 12 November 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 31% over the same period. Reported Earnings • Dec 25
Third quarter 2021 earnings released: CA$0.014 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2021 results: Revenue: CA$4.9k (down 92% from 3Q 2020). Net loss: CA$935.5k (loss widened 84% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 02
First half earnings released Over the last 12 months the company has reported total losses of CA$2.59m, with losses widening by 30% from the prior year. Total revenue was CA$215.3k over the last 12 months, down 37% from the prior year. Is New 90 Day High Low • Sep 25
New 90-day high: CA$0.32 The company is up 16% from its price of CA$0.28 on 26 June 2020. The Canadian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is flat over the same period.