Aankondiging • Mar 28
Legible Inc. announced that it expects to receive CAD 4 million in funding Legible Inc. announced a non-brokered private placement of 133,333,333 units at a price of CAD 0.03 per unit for the gross proceeds of CAD 3,999,999.99 on March 27, 2025. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional Common Share at an exercise price of CAD 0.05. The offering is expected to have a first close on or about April 3, 2025, subject to customary closing conditions, and may be completed in tranches. A finder’s fee of up to 8% in cash may be paid on all or a portion of the Offering. In addition, the Company may issue finders’ warrants equal to up to 8% of the number of units sold, with each finder’s warrant exercisable at $0.05 for two years, subject to the same acceleration terms noted above. Aankondiging • Oct 28
Legible Releases FrankensteinAI with Spellbinding AI Chat Feature Legible announced the release of FrankensteinAI, the third in its groundbreaking AI Classics series. This innovative "Living Book" seamlessly blends Mary Shelley’s iconic novel with state-of-the-art technology, offering readers an unparalleled interactive experience. The classic horror tale releases in three volumes beginning October 28th. FrankensteinAI breathes new life into Shelley's masterpiece through stunning interactive artwork by renowned
digital artist Mr. Remo Camerota. Each animated illustration is a dynamic fusion of Camerota’s vivid imagination and advanced AI technology, capturing the eerie atmosphere of Victor Frankenstein's creation and enhancing the storytelling in a visually captivating manner. Mr. Camerota’s collaboration with AI technology results in visuals that not only complement but also elevate the storytelling, making every image an integral part of the narrative journey. FrankensteinAI also introduces a revolutionary AI chat feature that allows readers to engage in real-time conversations with the novel’s characters. Victor Frankenstein and his Creature serve as AI-driven guides, enabling readers to delve deeper into their fears, desires, and motivations as they explore the narrative. This unique interactive feature allows readers to ask questions, unravel plot intricacies, and explore themes in a way that traditional reading cannot, blending classic literature with modern technology for a uniquely immersive experience. In addition to FrankensteinAI, Legible’s other AI Classics and groundbreaking original publications, such as the My Model Kitchen Living Cookbooks by former supermodel and NYT-bestselling author Ms. Cristina Ferrare, with their embedded Sous Chef AI, are exclusively available to Legible Unbound members. Join now and gain access to these innovations plus millions of eBooks and audiobooks for only US$9.99 per month, unlocking a new world of enriched reading experiences. Aankondiging • Jul 17
Legible Inc. announced that it has received CAD 1.05 million in funding On July, 16, 2024, Legible Inc. closed the transaction. Jaret Wilson subscribed for 90 convertible debentures of a principal amount of CAD 630,000 convertible into 9,000,000 common shares of the company at a deemed price of CAD 0.07 per Common Share and 9,000,000 Common Share purchase warrants entitling the investor to acquire 9,000,00 Common Shares at CAD 0.08 per Common Share for a period of 2 years. Immediately prior to July 16, 2024, the investor held 2,083,333 Common Shares, 8,083,333 whole Common Share purchase warrants and debentures convertible into 6,000,000 Common Shares equal to 1.56% of the issued and outstanding Common Shares on an un-diluted basis and 10.96% of the outstanding Common Shares on a partially diluted basis. After July 16, 2024, the investor has 2,083,333 Common Shares, 17,083,333 whole Common Share purchase warrants and debentures convertible into 15,000,000 Common Shares equal to 1.56% of the issued and outstanding Common Shares on an un-diluted basis and 20.65% of the outstanding Common Shares on a partially diluted basis. All securities issued in connection with the Offering are subject to a hold period that expires on November 17, 2024. There were no finders fees paid with respect to the closing of the Private Placement. Aankondiging • Apr 07
Legible Inc. announced that it expects to receive CAD 1.17 million in funding Legible Inc. announced a private placement of convertible debenture units at a price of CAD 0.09 per unit for the gross proceeds of CAD 1,170,000 on April 6, 2024. Each debenture unit consists of a 14% unsecured convertible debenture of the company in the principal amount of CAD 9,000; and 100,000 common share purchase warrants. The debentures mature on the date that is two years following the closing and are convertible at the holder's option into common shares of the company at a conversion price of CAD 0.09 per common share. The debentures bear simple interest at a rate of fourteen percent (14%) per annum, payable quarterly in arrears. The holders of debentures shall be entitled to convert the principal amount, in whole or in part, at any time after the date that is four months and one day following the closing date, into common shares at a conversion price of CAD 0.09 per common share. Each warrant entitles the holder to purchase one common share at a price of CAD 0.10 for a period of two years from closing, provided that if, at any time, after the date that is four months and one day following the closing, Aankondiging • Jan 27
Legible Launches AI-Powered Version of Animal Farm by George Orwell Legible Inc. announced the launch of Animal Farm AI, the latest in its series of interactive classic novels. This innovative release marks a new era in reading, offering Legible readers the extraordinary opportunity to engage in dialogue with the book, elevating both educational and entertainment values. As readers traverse the narrative of Animal Farm AI, they encounter strategically placed interactive AI elements, prompting in-depth discussions about the story's pivotal events and underlying themes. This feature connects Orwell's renowned dystopian novel with both its historical context and enduring relevance. Legible's AI-powered Classics series is available on iOS and Android and is currently offered exclusively to members of Legible "Unbound", Legible's monthly membership service. Legible Unbound delivers a vast selection of eBooks and audiobooks as a bundled service, with a growing catalog comprised of millions of titles. The "AI Classics" series debuted in December 2023 with A Christmas Carol AI, to glowing reviews. Legible is scheduling monthly releases of "AI Classics" eBooks to Unbound members. Highlights of the Animal Farm AI experience include: Conversational Characters: Real-time dialogues with characters within the eBook, offering fresh perspectives on the narrative and multifaceted character development. Plot Discussions: Delve deeper into the plot by discussing pivotal events, character motivations, and thematic elements, enriching understanding and appreciation. Interactive Learning: Ideal for education, the interactive AI-powered eBooks allow questions about literary themes, historical context, and symbolism, catering to students, multilingual audiences, and lifelong learners. Exclusive Access: Exclusively available to Legible customers, the AI-powered book series is part of the Legible Unbound membership, providing unlimited access to a diverse library of eBooks and audiobooks for a low monthly fee. Original Artwork: Each book in the series features original artwork produced by a professional artist in collaboration with AI, reflecting the style and colors of its period, and accompanied by a creative statement from the artist. Experience the future of reading by subscribing to Legible Unbound at legible.com. Download the Legible app to access this original content and extensive collection of eBooks and audiobooks from any smart device worldwide. Aankondiging • Oct 07
Legible Inc. announced that it expects to receive CAD 1 million in funding Legible Inc. announced a non-brokered private placement of units at a price of CAD 0.12 per unit for the gross proceeds of CAD 1 million on October 6, 2023. Each unit will consist of one common share of the company and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of CAD 0.15 on the date that is one year from the closing date. The transaction is expected to on or about October 16, 2023, subject to customary closing conditions and may be closed in tranches. As a part of the transaction the company will pay a finder’s fee of up to 8% of the gross proceeds of the offering and finder’s warrants may be issued in an amount up to 8% of the number of common shares sold under the offering. Aankondiging • Sep 15
Legible Inc. to Launch 'Unbound' Membership Service Legible Inc. announced a series of transformative product launches set for September 29th. The launch will consolidate the Company's position as a leader in digital reading and publishing as Legible executes on its strategic plan to generate and scale monthly recurring revenue along with a-la-carte sales of eBooks and audiobooks. Legible Unbound Membership Plan: At a competitive monthly fee of $12.99, Legible Unbound represents a strategic entry into the subscription-based digital content market. Unlimited Access: Members will have unlimited access to the latest and best in published and recorded content via an extensive curated catalogue of audiobooks and eBooks. AI & Multimedia Content: Legible's Unbound membership service will include access to brand-new digital reading entertainment products featuring enriched multimedia content and interactive AI within new eBooks published exclusively by Legible. Stan Lee Comics: Unbound members will also be offered preferred access to upcoming enriched multimedia comics, based on never-before-seen Stan Lee characters, to which Legible has world-wide exclusive print and digital publishing and distribution rights. Personalized Experience: Legible Unbound offers attractive perks for the modern reader, including offline reading, the ability to create bookshelves of favourite books, post reviews, and receive monthly tokens for premium content access. The Legible Mobile App: Legible will also be launching the Company's Mobile App designed to cater to reader needs and preferences and complement its new Unbound membership service. Always Connected: The Legible App will ensure that users always have access to great reading entertainment, whether online browsing the catalogue, or offline revisiting a favorite book. A Library in Your Pocket: The power of the Legible platform is condensed into the App, giving users consistent mobile access to everything from age-old classics that have shaped literary history to the latest bestsellers and exclusive content. L library in Your Pocket: The App features Legible's proprietary AI-powered book recommendation engine, the L libraryAI, which offers personalized suggestions based on user reading habits, preferences, and provides links to eBooks and audiobooks for instant access on Legible. User-centric Design and Features: The App's design prioritizes user experience, with fun features such as easy-to-make personalized bookshelves and the ability to categorize, rate, and review books. Enhanced Accessibility: Recognizing the diverse needs of readers, the App is equipped with an array of accessibility features. Its additional car mode ensures that audiobook enthusiasts can safely enjoy listening on the move. Frictionless Access and Purchasing: Whether users want to buy a new release or use their monthly membership tokens for premium catalog access, the process is straightforward, accessible, and user-friendly. Aankondiging • Jul 21
Legible Inc. Announces Executive Appointments Legible Inc. announced the appointment of Messrs. Michael and David Uslan as Strategic Advisors. Renowned for their contributions to the entertainment and publishing industries, the Uslans bring invaluable expertise that will significantly advance Legible's strategic direction as a world-first, browser-based e-reading platform offering cutting-edge multimedia reading experiences driven by enhanced content, strategic partnerships, and brand expansion. Their input and creative insights will be instrumental as Legible develops never-before-seen Stan Lee properties under its recently announced partnership with Kartoon Studios. The Uslans are deeply connected to the legacy of Stan Lee, iconic creator of Spiderman and other Marvel superheroes, serving as advisors to Kartoon Studios' (NYSE American: TOON) "Stan Lee Universe" and the Comic-Con Museum. Having enjoyed a close friendship andbusiness association with the legendary Stan Lee for 50 years, Michael and David Uslan credit him as their mentor and inspiration. They recently curated "Excelsior! The Life and Legacy of Stan Lee," the new world-first showcase of Lee and his co-creators' extraordinary work. Seasoned industry veterans, the father-son producing duo have a remarkable knack for turning creative visions into globally celebrated franchises. Emmy-winner Michael Uslan's pioneeringwork as the originator and executive producer of the decade-spanning Batman franchise, as well as involvement in films including "Constantine" and "National Treasure", have left an indelible mark on the industry. David Uslan has an impressive background in producing, publishing, and gaming, and is involved in prestigious projects such as the Emmy-nominated "Sabrina: Secrets of A Teenage Witch" and the upcoming scripted series based on the lives of New York Yankees' legends Lou Gehrig and Babe Ruth with Universal Television and Apple Plus. The Uslans' addition to the Legible team will create new insights and value built on their decades of navigating the intersection between storytelling and commercial success. Their expertise, coupled with their vast network of industry connections, will accelerate and fortify Legible's growth trajectory. In an industry ripe for innovation, their counsel will be invaluable asthe Company evolves from a promising platform to an influential global player in the digital publishing and reading space. Aankondiging • Jul 15
Legible Inc. Announces Major Update to its Proprietary AI-Based Curation Tool, LibrarianAI Legible Inc. announced a major update to the company’s proprietary AI-based curation tool, LibrarianAI, which offers conversational book discovery, enabling readers to find and buy eBooks directly on Legible’s browser-based eBookstore streaming over 2 million titles. Major enhancements to the LibrarianAI include seamless discovery, reading, and interaction via precise, personalized recommendations. The LibrarianAI now has improved ability to comprehend complex literary queries, increasing proficiency in providing suggestions based on research topics. Readers can also now save and share LibrarianAI conversation threads via links, and create shareable literary journals, sets of book recommendations, and curriculum reading lists with links to books. LibrarianAi is being installed throughout the Company’s products and operations, including the forthcoming Legible Unbound membership, Wander app for offline reading, audiobook catalogues, and more. Legible is championing ethical AI use that honours the rights of publishers and authors on its platform. Aankondiging • May 25
Legible Inc. to Develop Multimedia Enriched Ebooks Based on Original Intellectual Properties for Distribution Across Its Platform Legible Inc. announced the development of a slate of new intellectual properties for its platform, including a global publishing partnership with Genius Brands International Inc. for select IP, as well as a new AI-Integrated Living Book based on George Orwells renowned novel Animal Farm. Legible has secured digital print rights to bring a selection of Genius Brands original properties to life through multimedia-enriched eBooks, featuring audio, video, animations and AI, including Rainbow Rangers, from the popular Netflix and Kartoon Channel! preschool series now in its third season. The company will also create a Game Book based on Kartoon Channel!s gameshow for tweens, KC! Pop Quiz, hosted by influencer Casey Simpson. Additionally, Legible will publish an AI-enriched Living Book version of Animal Farm that will enable readers to interact with and discuss the unfolding of events on Manor Farm with characters from within the book and will be exclusively available to readers on Legibles browser-based e reading platform and eBookstore at Legible.com. Aankondiging • Feb 14
Legible Inc. Launches LibrarianAI Beta with Integrated ChatGPT Legible Inc. announced the integration of Open AI’s ChatGPT (Chat Generative Pre-Trained Transformer) into its proprietary eBookstore search engine, LibrarianAI™. Embedding this innovative AI tool into Legible’s browser-based eReading system transforms book discovery, integrating ChatGPT’s legacy knowledge and capabilities and providing a whole new way to access the two million eBooks in Legible’s catalogue. Legible’s LibrarianAI can converse fluently in any language and is being fine-tuned to provide swift, friendly, comprehensive responses and recommendations as well as information on any aspect of book content. Customers can ask questions about books, authors, and other topics related to literature, and receive personalized results based on cumulative learning about their interests and choices as well as links to Legible’s eBooks. The Open Beta of Legible’s LibrarianAI launches in the first quarter and Legible invites the public to sign up now at www.legible.ai. The LibrarianAI will be released in early second quarter as a membership service called Legible Unbound with several tiers and a free version with ads. Legible’s LibrarianAI has the potential to turbocharge conversion rates, driving sales and engagement by helping customers find the perfect book to read and much more. Aankondiging • Jan 17
Legible Inc. announced that it expects to receive CAD 0.55 million in funding Legible Inc. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.11 per unit for gross proceeds of up to CAD 550,000 on January 16, 2023. Each unit will consist of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of CAD 0.15 at any time prior to 5:00 p.m. on the date that is one year from the closing date. The company reserves the right to increase the maximum aggregate gross proceeds under the offering to an amount greater than CAD 550,000. The offering is expected to close on or about January 20, 2023, subject to customary closing conditions and may be closed in tranches. A finder’s fee of up to 8% of the gross proceeds of the Private Placement may be paid in cash on all or any portion of the Private Placement. Additionally, finder’s warrants may be issued in an amount up to 8% of the number of Debenture Units sold under the Private Placement. Each finder’s warrant may be exercised to acquire one common share at a price of CAD 0.11 per share for a period of one year from the closing; provided that if, at any time, after the date that is four months and one day following the closing, the volume weighted average trading price of the common shares on the CSE is at least CAD 0.45 per share for a period of 5 consecutive trading days, the expiry date of the finder’s warrants may be accelerated by the Company to a date that is not less than 21 days after the date that notice of such acceleration is provided to the finder’s warrant holders. Aankondiging • Jan 11
Legible Appoints Peter Diemer as Strategic Advisor Legible Inc. announced the appointment of Mr. Peter Diemer as a Strategic Advisor.Mr. Diemer is an entertainment, media, & technology executive with global experience and an outstanding track record in promoting, developing and growing world-class brands. He is a dynamic entrepreneur and the co-founder of Majik Bus Entertainment, a partnership with CBC to develop music-related content from one of the world’s largest untapped television and radio archives. Majik Bus Entertainment was an early adopter and developer of blockchain registration and verification for both digital and physical items. Diemer is former VP, Strategic Development of Live Nation Entertainment, the world’s leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, and Live Nation Sponsorship. He has held senior executive positions for Capitol-EMI and MCA/Universal Records, where he managed artist and media relations, radio and television promotion, and governmental affairs, and Hip Digital Media, a pioneer in online media distribution. Mr. Diemer was an Advisor for LoungeBuddy, the award-winning Global Travel App for airport lounge access, (acquired by American Express) and was VP of Marketing and Sales for Yangaroo. Mr. Diemer brings years of experience and a large premier client network, as well as key celebrity contacts from the entertainment industry, to help Legible build the world's first collection of rich media Living Books and digital collectibles. These offerings will feature exclusive content from globally renowned performers and artists, providing a truly unique and immersive experience for our readers. Mr. Diemer joins a Legible team that is dedicated to bringing the best in book entertainment to the forefront and creating a platform for these talented individuals to showcase their work.