New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$388k). Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Revenue is less than US$1m (CA$321k revenue, or US$229k). Market cap is less than US$10m (€2.29m market cap, or US$2.65m). Minor Risk Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Tillkännagivande • Jun 13
Re: Drying Equipment Inc. entered into an amalgamation agreement to acquire Aisix Solutions Inc. (TSXV:AISX) in a reverse merger transaction for CAD 0.29 million. Re: Drying Equipment Inc. entered into an amalgamation agreement to acquire Aisix Solutions Inc. (TSXV:AISX) in a reverse merger transaction for CAD 0.29 million on June 11, 2026. The transaction will be effected through Aisix Solutions Inc. acquiring all of the issued and outstanding common shares of Re: Drying Equipment Inc. in exchange for common shares of Aisix Solutions Inc, and resulting in the reverse takeover of Aisix Solutions Inc. by Re: Drying Equipment Inc. As part of the transaction, Aisix Solutions Inc. will consolidate the outstanding AISIX Shares on a 10 to 1 basis. Aisix Solutions Inc. will change its name to such name as is acceptable to Re: Drying Equipment Inc. and the Exchange, and will carry on the business of Re: Drying Equipment Inc. Aisix Solutions Inc. will then issue AISIX Shares to the holders of the common shares of Drying in exchange for the Drying Shares on the basis of 193,332.51 post-Consolidation AISIX Shares for each Drying Share held, resulting in the issuance of approximately 19,333,251 post-Consolidation AISIX Shares to Drying's current shareholders. As a result of the amalgamation, the current holders of Drying Shares will hold approximately 51% of the Resulting Issuer Shares and the current holders of the AISIX Shares will hold approximately 49% of the Resulting Issuer Shares.
Upon completion of the Proposed Transaction, it is expected that the board of directors and management of the resulting issuer will consist of Ruslan Elensky as Chairman, Chief Executive Officer and Director, Veronique Laberge as Chief Financial Officer and Corporate Secretary, Riccardo Forno, Genadi Saltikov, Edward Olson and Gioachino Roberti as Director.
The transaction is subject to approval by regulatory board / committee, approval by the board of directors of Re: Drying Equipment Inc. and Aisix Solutions Inc., approval of by the shareholders of Re: Drying Equipment Inc. and Aisix Solutions Inc., and obtaining financing. Board Change • Jun 10
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. 1 experienced director. No highly experienced directors. No independent directors (3 non-independent directors). Chairman Mike Belantis is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • May 20
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. 1 experienced director. No highly experienced directors. No independent directors (3 non-independent directors). Chairman Mike Belantis is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Tillkännagivande • Apr 30
Aisix Solutions Inc. announced that it has received CAD 0.63 million in funding On April 29, 2026, Aisix Solutions Inc. closed the transaction. The transaction has been approved by the TSX Venture Exchange. Tillkännagivande • Apr 15
Aisix Solutions Inc. announced that it expects to receive CAD 0.5 million in funding Aisix Solutions Inc. announced a non-brokered private placement to issue 25,000,000 common shares at an issue price of CAD 0.02 for gross proceeds of CAD 500,000 on April 14, 2026. The shares issued pursuant to the offering will be subject to a four month hold period pursuant to securities laws in Canada. The offering is expected to close on April 24, 2026, or on such other date or dates in one or more tranches as may be determined by the company. The closing of the offering is subject to certain conditions including, but not limited to, the approval of the TSX Venture Exchange. Tillkännagivande • Mar 15
AISIX Solutions Inc Announces Launch of WildfireScore Retail Application AISIX Solutions Inc. announced the launch of its WildfireScore application, the Company's wildfire risk intelligence application for the general public. The application, powered by the Wildfire 3.0 API and data, allows everyone to access wildfire risk scores and reports in Canada. WildfireScore provides short-form and detailed reports allowing customers to understand their property wildfire risk by simply typing their address in a search bar. WildfireScore is a valuable tool for anyone who is looking into purchase property, allowing Canadians to make more informed real estate investment decisions in a changing wildfire risk landscape. The Company is advancing several commercial opportunities related to pilot projects and requests for proposals for its technology and services. These opportunities are subject to review and the execution of definitive agreements. To date, no definitive agreements have been executed and there are no assurances any agreements will be reached. The Company will make announcements regarding these matters in accordance with its continuous disclosure obligations should material agreements be reached. Tillkännagivande • Jul 21
Aisix Solutions Inc., Annual General Meeting, Sep 15, 2025 Aisix Solutions Inc., Annual General Meeting, Sep 15, 2025. Tillkännagivande • Jul 08
Aisix Solutions Inc. announced that it expects to receive CAD 2.5 million in funding Aisix Solutions Inc. announced a non-brokered private placement of up to 71,428,571 units at a price per Unit of CAD 0.035 for gross proceeds of up to CAD 2,499,999.985 on July 8, 2025. The Units will consist of one common share and one common share purchase warrant. Each Warrant shall entitle the holder to acquire one additional common share at an exercise price of CAD 0.065 for a period of two years from the date of issuance thereof, subject to the option of the Company to accelerate the expiry date in the event that its shares trade at CAD 0.10 for ten (10) consecutive trading days. In connection with the Offering, the Company may pay a finders' fee to eligible finders consisting of (i) a cash commission of up to 7% of the gross proceeds raised from investors introduced by such finders, and/or (ii) non-transferrable finder warrants equal to up to 7% of the number of Units sold to such investors. The Offering is subject to customary closing conditions including, but not limited to, receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange ("TSXV"). The closing of the Offering may occur in one or more tranches and is not subject to receipt of a minimum amount of gross proceeds. The securities issued pursuant to the Offering will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws and TSXV policies. Tillkännagivande • Jun 13
AISIX Solutions Inc. Welcomes Nick Hill to its Advisory Board AISIX Solutions Inc. announced a new collaboration with Carmanah Wildfire. In addition to this partnership, AISIX Solutions is also pleased to welcome Nick Hill, CEO of Carmanah Wildfire, to the Company's Advisory Board. Tillkännagivande • Jan 29
Aisix Solutions Inc. Announces Board Changes Aisix Solutions Inc. announced the appointment of Edward Olson, National Lead, Climate Risk &Adaptation at MNP, to its Board of Directors. Mr. Olson's deep expertise in climate risk and adaptation, corporate sustainability, and financial advisory will enhance Aisix Solutions leadership in delivering advanced climate risk solutions to businesses, governments, and financial institutions. As the National Lead, Climate Risk &Adaptation at MNP, Mr. Olson has been instrumental in guiding organizations through the evolving landscape of climate risk, sustainable finance, and corporate responsibility. With a strong background in risk management, impact investing, and strategic consulting, he brings invaluable insight to AISIX Solutions as it continues to develop innovative AI-driven tools for climate resilience and adaptation. Mr. Olson earned a Bachelor of Commerce in accounting from the University of Alberta in 1998. He is a Chartered Professional Accountant, a Certified Internal Auditor and member of the Association of Certified Fraud Examiners. He holds a Global ESG Competent Boards Designation from Global Competent Boards. Dr. David Poole has resigned as a director effective January 31, 2025. Recent Insider Transactions • Oct 23
CEO & Director recently bought €90k worth of stock On the 22nd of October, Mihalis Belantis bought around 5m shares on-market at roughly €0.02 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mihalis has been a buyer over the last 12 months, purchasing a net total of €134k worth in shares. Tillkännagivande • Oct 17
Aisix Solutions Inc. announced that it has received CAD 0.5 million in funding On October 16, 2024, Aisix Solutions Inc. closed the transaction. Mihalis Belantis subscribed for 4,100,000 Common Shares. Tillkännagivande • Sep 20
Aisix Solutions Inc. announced that it expects to receive CAD 0.5 million in funding Aisix Solutions Inc. announced a non-brokered private placement of up to 16,666,667 common shares at a price of CAD 0.03 per common share for gross proceeds of up to CAD 500,000.01 on September 18, 2024. The transaction may include participation from insiders. The offering is subject to customary closing conditions including, but not limited to, receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange. The closing of the offering may occur in one or more tranches, with the initial closing date of the offering expected to occur on or around September 30, 2024, and is not subject to receipt of a minimum amount of gross proceeds. The securities issued pursuant to the offering will be subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws and TSX-V policies. Tillkännagivande • Sep 10
Aisix Solutions Inc., Annual General Meeting, Nov 05, 2024 Aisix Solutions Inc., Annual General Meeting, Nov 05, 2024. New Risk • Aug 28
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$14k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.4m free cash flow). Share price has been highly volatile over the past 3 months (56% average weekly change). Negative equity (-CA$14k). Revenue is less than US$1m. Market cap is less than US$10m (€1.62m market cap, or US$1.80m). Reported Earnings • May 01
Full year 2023 earnings released: CA$0.019 loss per share (vs CA$0.027 loss in FY 2022) Full year 2023 results: CA$0.019 loss per share (improved from CA$0.027 loss in FY 2022). Net loss: CA$1.62m (loss narrowed 21% from FY 2022). Tillkännagivande • Feb 09
Aisix Solutions Inc. to Advance Deployment of Cutting-Edge Ai Software for Enhanced IFRS S1 and S2 Compliance Reporting AISIX Solutions Inc. announced its plan to augment its existing AI-powered climate risk datasets and launch an enterprise-level AI solution tailored to ensure compliance with the newly introduced IFRS S1 and S2 reporting standards, which have been in effect since January 2024. This innovative platform will be designed to assist businesses in managing the complexities associated with environmental and climate-related financial disclosures, underscoring AISIX Solutions' dedication to fostering sustainable business practices amid changing regulatory landscapes. The advent of IFRS S1 and S1 standards is a shift in corporate sustainability and climate-related financial reporting. In response, AISIX Solutions is adding functionality to its existing software to create a new robust software suite that will simplify the adaptation process for companies facing these new reporting standards. AISIX's solution aims to streamline data gathering, analysis, and reporting workflows, ensuring compliance with global standards and promoting transparency and accountability in environmental stewardship. The AISIX Solutions platform will utilize domain expertise paired with cutting-edge artificial intelligence and machine learning to automate the aggregation and analysis of relevant data, facilitating the generation of reports compliant with the IFRS S1 and S 2 guidelines while ensuring model and data transparency for auditing and managing climate risks. This approach is expected to significantly alleviate the administrative burden on companies, enabling them to provide stakeholders with insightful, actionable information on climate risks and opportunities. Key features and benefits of the AISIX Solutions software include: Data collection and integration from a variety of sources for enhanced accuracy and completeness. Advanced analytics for assessing and reporting on climate-related risks and opportunities. Customizable reporting templates designed to meet IFRS S1 and S second requirements. Continuous updates to ensure compliance with evolving regulations and standards. Tillkännagivande • Feb 01
Aisix Solutions Inc. Announces the Launch of Wildfire 2.0: the Next Generation of Climate Risk Data Set for Canada AISIX Solutions Inc. announce the release of Wildfire 2.0, a revolutionary climate risk data set. This advanced tool is designed to provide unparalleled insights into wildfire risks, aiding in the effective planning and mitigation strategies for communities and businesses. AISIX Wildfire 2.0 provides probabilities of wildfire across Canada by incorporating fire ignitions and spread. The dataset also includes historical fire and weather information, along with a 1-to-5 score that considers past fire occurrences and future fire probabilities. This dataset is unique in Canada, offering a valuable tool for insurance professionals, real estate agents, and the public to assess their fire risk and understand how it is evolving due to climate change. AISIX's wildfire data layer is generated by building on the Canadian Forest Service workflow, using the Burn-P3 (Probability, Prediction, and Planning) software. Burn-P3 combines the physically-based fire spread model, Prometheus, with a stochastic approach to determining burn probability, simulating billions of synthetic fire events across climatological, morphological, and biophysical conditions to deliver burn probabilities. AISIX's workflow aggregates independent burn scenarios to stochastically determine burn probability for the entirety of Canada. Burn-P3 and its evolution, Burn-P3+, are currently used and validated in Canada and internationally, and documented in manuals, reports, and peer-reviewed publications. By using a proprietary data pipeline, burn probability is systematically modelled for any location in Canada. Once modelling is complete, post-processing is performed on the burn probability dataset to detect and correct boundary artefacts between simulation domains and extrapolates burn probability into the wildland urban interfaces (WUI) of different population centres. Rigorous validation of simulation statistics ensures model performance is evaluated at a local scale and as a pan-Canadian aggregate of burn probability to inform ongoing model refinement and development. Key Features of Wildfire 2.0: Wildfire burn probability and wildfire risk scores, Cumulative wildfire burn probabilities over 1, 10, and 30 years, Average Burn Probabilities within 10km, No. of Small Historical Fires (<200 hectares), No. of Large Historical Fires (>200 hectares), 250m resolution for all of Canada, Based on more than 400 thousand historic fire locations and over 400 billion simulated fires, Builds on top of Canadian Forest Service methodologies that are internationally validated and peer- reviewed. Wildfire 2.0 is the result of extensive work and research of leading climate experts and data scientists. It represents a significant step forward in AISIX Solutions' commitment to providing cutting-edge tools for climate risk assessment. The release of Wildfire 2.0 is not only a testament to AISIX Solutions' innovation in climate risk technology but also reinforces the company's dedication to fostering resilience and preparedness in the face of climate challenges. Board Change • Jan 19
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. No experienced directors. No highly experienced directors. Independent Director Marvin Pestcoe is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 
