Tillkännagivande • Sep 19
American Aires Inc. Announces Resignation of Dimitry Serov from the Board of Directors American Aires Inc. announced that Mr. Dimitry Serov has resigned from the Board of Directors and advised that he will not be standing for re-election at the upcoming annual general meeting of shareholders (the "AGM"), scheduled for Thursday, September 18, 2025. As previously disclosed in the Company's press release dated August 29, 2025, the Special Committee of the Board made certain determinations regarding Mr. Serov's conduct in his role as a director and officer. In light of those determinations, the Board had already concluded it could no longer support Mr. Serov's nomination for re-election. Mr. Serov's decision to resign has pre-empted the need for the Board to postpone the AGM or take additional steps to address Mr. Serov's nomination, thereby allowing the meeting to proceed as scheduled in the ordinary course. The Board considers his resignation to be in the best interests of the Company and its shareholders.
At this time, the Company does not intend to appoint a new director to replace Mr. Serov. Following his departure, the Board and Audit Committee will be comprised of Drew Green (Chairman and Independent Director), Josh Bruni (Director), and Jamie Cochrane (Independent Director). All proxies submitted in favour of the predecessor Board will be voted to elect the reconstituted Board. For more information on the AGM, please refer to the Company's management information circular filed on SEDAR+ and dated August 6, 2025. Tillkännagivande • Jul 14
American Aires Inc., Annual General Meeting, Sep 18, 2025 American Aires Inc., Annual General Meeting, Sep 18, 2025. Location: ontario, toronto Canada Reported Earnings • Oct 29
Third quarter 2024 earnings released: CA$0.02 loss per share (vs CA$0.013 loss in 3Q 2023) Third quarter 2024 results: CA$0.02 loss per share (further deteriorated from CA$0.013 loss in 3Q 2023). Revenue: CA$4.59m (up 120% from 3Q 2023). Net loss: CA$1.90m (loss widened CA$1.66m from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. New Risk • Oct 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$5.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$5.5m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (167% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€19.5m market cap, or US$21.5m). Reported Earnings • Aug 28
Second quarter 2024 earnings released: CA$0.018 loss per share (vs CA$0.12 loss in 2Q 2023) Second quarter 2024 results: CA$0.018 loss per share (improved from CA$0.12 loss in 2Q 2023). Revenue: CA$2.79m (up 45% from 2Q 2023). Net loss: CA$1.65m (loss narrowed 15% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 05
American Aires Inc., Annual General Meeting, Aug 01, 2024 American Aires Inc., Annual General Meeting, Aug 01, 2024. Location: ontario, toronto Canada Reported Earnings • May 29
First quarter 2024 earnings released: CA$0.015 loss per share (vs CA$0.054 loss in 1Q 2023) First quarter 2024 results: CA$0.015 loss per share. Revenue: CA$2.04m (up 37% from 1Q 2023). Net loss: CA$1.08m (loss widened 26% from 1Q 2023). Tillkännagivande • May 23
American Aires Inc. announced that it has received CAD 3.770465 million in funding On May 22, 2024, American Aires Inc. closed the transaction. The company will now issue total 3,968,911 units for aggregate gross proceeds of CAD 3,770,465.45 in the transaction. The company has issued 1,074,411 units at an issue price of CAD 0.95 per unit for the gross proceeds of CAD 1,020,690.45 in its second tranche closing. All units issued pursuant to the listed issuer financing exemption are not subject to resale restrictions in Canada in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange. All other securities not issued pursuant to the listed issuer financing exemption, including the compensation options and the corporate finance fee warrants, are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring four months and one day from the date of issuance. Tillkännagivande • May 18
American Aires Inc. announced that it has received CAD 2.749775 million in funding On May 16, 2024, American Aires Inc. closed the transaction. The company has now issued 2,894,500 units at an issue price of CAD 0.95 per unit for the gross proceeds of CAD 2,749,775. All Units issued pursuant to the Listed Issuer Financing Exemption are not subject to resale restrictions in Canada in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange. All other securities not issued pursuant to the Listed Issue Financing Exemption, including the Compensation Options and the Corporate Finance Fee Warrants, are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring on September 17,2024. Tillkännagivande • May 09
American Aires Inc. announced that it expects to receive CAD 3.0001 million in funding American Aires Inc. announced a best efforts private placement of up to 3,158,000 units at an issue price of CAD 0.95 per unit for the gross proceeds of CAD 3,000,100 on May 8, 2024. Each Unit will be comprised of one common share and one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one common share at an exercise price of CAD 1.20 per Warrant Share for a period of 5 years following the closing of the Offering. The Offering is expected to close on or about May 16, 2024, or such other date as the Company and Eight Capital may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary Canadian Securities Exchange, regulatory and other approvals. The Offering is being completed pursuant to the Listed Issuer Financing Exemption, the securities issued to Canadian resident subscribers in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. Upon closing of the Offering, the Company shall pay to Eight Capital: (i) a cash commission equal to 7% of the aggregate gross proceeds of the Offering; and (ii) non-transferrable broker warrants of the Company exercisable at any time prior to the date that is 24 months following the closing of the Offering to acquire that number of Units equal to 7% of the number of Units issued under the Offering at an exercise price equal to the Issue Price. Reported Earnings • Apr 12
Full year 2023 earnings released: CA$0.18 loss per share (vs CA$0.25 loss in FY 2022) Full year 2023 results: CA$0.18 loss per share. Revenue: CA$5.98m (up 2.7% from FY 2022). Net loss: CA$4.75m (loss widened 21% from FY 2022). Tillkännagivande • Mar 21
American Aires Inc. Announces Board Changes American Aires Inc. announced the appointment of Jamie Cochran to the company's Board of Directors who will be replacing Ruslan Elensky. Replacing Ruslan's seat on the Board of Directors is Jamie Cochran, an existing shareholder with 4.6 million shares and 1.6 million warrants. Jamie's e-commerce experience and success combined with his relationships with public personas and celebrities in the health and wellness space completes the team as the Company is gearing up to widen and deepen its presence in the space. Jamie's expected contribution will be to foster strategic partnerships with trend-setting individuals and businesses. This initiative aligns with the recently announced #airesathletes program targeting professional athletes and elite performers. Jamie Cochran is a seasoned professional in e-commerce, particularly within the health and wellness segment, with over 15 years of experience leading online ventures to significant success and cumulatively driving sales of approximately $1 billion. As the President of WoofWell, he has demonstrated a commitment to innovation and customer satisfaction, further enhancing his reputation as a strategic and visionary leader. Additionally, his advisory role at MD Medica showcases his ability to provide strategic insights, contributing to the company's growth and service enhancement. Tillkännagivande • Feb 18
American Aires Inc. announced that it has received CAD 4 million in funding On February 16, 2024, American Aires Inc., closed the transaction. As a part of the transaction, the company paid a cash fee of CAD 47,249.99 to certain arm's length finders, and issued to certain arm's length finders 289,100 non-transferrable finder's warrants, each exercisable to acquire one Unit at a price of CAD 0.15 per Unit for a period for 24 months from the Closing, subject to the Accelerated Expiry. The offering is subject to final approval of the Canadian Stock Exchange. The securities issued in connection with the Offering are subject to a hold period of four months and one day pursuant to CSE policies and applicable securities laws. Tillkännagivande • Feb 06
American Aires Inc. announced that it expects to receive CAD 2.5 million in funding American Aires Inc. announced a non-brokered private placement offering of up to 16,666,667 units at an issue price of CAD 0.15 per Unit for aggregate gross proceeds of up to CAD 2,500,000.05 on February 5, 2024. Each Unit will be comprised of one common share and one common share purchase warrant being exercisable into one Common Share at a price of CAD 0.25 per share for a period of 24 months from closing of the Offering. The Company will have the option to increase the Offering to 20,000,000 Units for aggregate gross proceeds of CAD 3,000,000 depending on market conditions. In connection with the Offering, the Company may pay to certain finders a cash fee equal to 7% of the gross proceeds from subscribers that are introduced to the Company by such finders, and issue to certain finders such number of Units equal to 7% of the number of Units that are sold to subscribers introduced to the Company by such finders. Each Finder's Unit shall be on the same terms as the Units sold in the Offering. The Offering is subject to the approval of the CSE. The Common Shares and Warrants will be subject to a hold period of four months and one day pursuant to CSE policies and applicable securities laws. The Offering is expected to close on or about February 12, 2024, or such earlier or later date as the Company may designate. New Risk • Nov 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$508k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$508k free cash flow). Share price has been highly volatile over the past 3 months (53% average daily change). Negative equity (-CA$2.2m). Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (274% increase in shares outstanding). Market cap is less than US$10m (€8.35m market cap, or US$9.10m). Reported Earnings • Nov 24
Third quarter 2023 earnings released: CA$0.013 loss per share (vs CA$0.081 loss in 3Q 2022) Third quarter 2023 results: CA$0.013 loss per share (improved from CA$0.081 loss in 3Q 2022). Revenue: CA$2.09m (up 77% from 3Q 2022). Net loss: CA$235.1k (loss narrowed 82% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. New Risk • Oct 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 81% This is considered a major 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 (53% average daily change). Negative equity (-CA$4.0m). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Market cap is less than US$10m (€2.08m market cap, or US$2.20m). New Risk • Sep 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$502k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$502k free cash flow). Share price has been highly volatile over the past 3 months (57% average daily change). Negative equity (-CA$4.0m). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (€1.17m market cap, or US$1.24m). Minor Risk Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Tillkännagivande • Sep 26
American Aires Inc. announced that it has received CAD 1.042 million in funding On September 25, 2023, American Aires Inc. closed the transaction. The company has issued issued 717 units at an issue price of CAD 1,000 for the gross proceeds of CAD 717,000 in its second and final tranche. Pursuant to the final tranche of the transaction, the company paid a finder's fee of CAD 11,100. The company has raised total gross proceeds of CAD 1,042,000 through the issuance of 1,042 units in the transaction. New Risk • Aug 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$502k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$502k free cash flow). Share price has been highly volatile over the past 3 months (69% average weekly change). Negative equity (-CA$4.0m). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (€1.70m market cap, or US$1.84m). Minor Risk Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Reported Earnings • Aug 24
Second quarter 2023 earnings released: CA$0.012 loss per share (vs CA$0.006 loss in 2Q 2022) Second quarter 2023 results: CA$0.012 loss per share (further deteriorated from CA$0.006 loss in 2Q 2022). Revenue: CA$1.93m (up 29% from 2Q 2022). Net loss: CA$1.94m (loss widened 102% from 2Q 2022). Tillkännagivande • Jun 16
American Aires Inc. announced that it expects to receive CAD 3 million in funding American Aires Inc. announced a non-brokered private placement to issue 12% 3,000 units secured convertible debenture at an issue price of CAD 3,000,000 on June 15, 2023. Each Unit shall consist of one CAD 1,000 principal amount secured convertible debenture and 20,000 common share purchase warrants. The Debentures shall bear interest at a rate of 12.0% per annum, payable semi-annually in arrears on the last day of June and December in each year, with the first interest payment payable on June 30, 2023, and mature on June 30, 2025. The Debentures will be convertible into common shares in the capital of the Company at the market price of the Common Shares at the time of conversion, subject to the approval of the Canadian Securities Exchange in the event such price is below CAD 0.05, determined by the most recent closing price of the Common Shares on the day of conversion, at the option of the holder at any time prior to the close of business on the earlier of the last business day immediately preceding the Maturity Date, and the date fixed for redemption. Each Warrant shall entitle the holder thereof to acquire one Common Share at an exercise price of CAD 0.05 until June 30, 2025. In addition, the Debentures are secured by all of the assets of the Company. In connection with the transaction, the Company will pay registered dealers or finders a cash commission equal to 6% of the aggregate gross proceeds from the sale of the Units to a subscriber referred to the Company by such registered dealer or finder.
On the same date, the company issued 325 units at an issue price of CAD 1,000 for the gross proceeds of CAD 325,000 in the first trance. Pursuant to the first tranche of the transaction, the Company paid a finder's fee of CAD 19,500. All securities issued pursuant to the transaction are
subject to a four month hold period from the date of issue. Reported Earnings • May 19
First quarter 2023 earnings released: CA$0.005 loss per share (vs CA$0.009 loss in 1Q 2022) First quarter 2023 results: CA$0.005 loss per share (improved from CA$0.009 loss in 1Q 2022). Revenue: CA$1.49m (up 116% from 1Q 2022). Net loss: CA$861.3k (loss narrowed 41% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 06
Full year 2022 earnings released: CA$0.025 loss per share (vs CA$0.043 loss in FY 2021) Full year 2022 results: CA$0.025 loss per share (improved from CA$0.043 loss in FY 2021). Revenue: CA$5.82m (up 128% from FY 2021). Net loss: CA$3.91m (loss narrowed 36% from FY 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Board Change • Mar 14
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 2 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Chief Product Officer, President, Secretary, Treasurer & Director Dimitry Serov is the most experienced director on the board, commencing their role in 2012. Independent Director Andrew Michrowski was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. Independent Director Russell Elensky is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Dec 03
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.011 loss per share (up from CA$0.013 loss in 3Q 2020). Revenue: CA$446.8k (down 31% from 3Q 2020). Net loss: CA$1.60m (loss widened 6.1% from 3Q 2020). Revenue was in line with analyst estimates. Reported Earnings • Sep 02
Second quarter 2021 earnings released: CA$0.009 loss per share (vs CA$0.013 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: CA$541.0k (down 4.1% from 2Q 2020). Net loss: CA$1.12m (loss narrowed 24% from 2Q 2020). Reported Earnings • Jun 03
First quarter 2021 earnings released: CA$0.016 loss per share (vs CA$0.023 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CA$618.5k (up 89% from 1Q 2020). Net loss: CA$1.95m (loss narrowed 22% from 1Q 2020). Reported Earnings • May 06
Full year 2020 earnings released: CA$0.068 loss per share (vs CA$0.038 loss in FY 2019) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: CA$2.31m (up 234% from FY 2019). Net loss: CA$7.59m (loss widened 123% from FY 2019). Executive Departure • Mar 21
Independent Director has left the company On the 19th of March, Anthony Di Benedetto's tenure as Independent Director ended after 2.8 years in the role. We don't have any record of a personal shareholding under Anthony's name. Anthony is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 05
New 90-day high: €0.21 The company is up 134% from its price of €0.089 on 06 November 2020. The German market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 25% over the same period. Is New 90 Day High Low • Jan 30
New 90-day high: €0.20 The company is up 130% from its price of €0.088 on 30 October 2020. The German market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 28% over the same period. Reported Earnings • Nov 26
Third quarter 2020 earnings released: CA$0.013 loss per share The company reported a solid third quarter result with improved revenues and control over expenses, though losses increased. Third quarter 2020 results: Revenue: CA$646.6k (up 368% from 3Q 2019). Net loss: CA$1.51m (loss widened 286% from 3Q 2019). 
