AISIX Solutions Inc. Extends Short Term Loan Agreement

Core Viewpoint - AISIX Solutions Inc. has amended a loan agreement with 1821 Capital Corp., extending a short-term loan of $430,000 for an additional six months, with a cash extension fee of $21,500 [1][2]. Loan Details - The loan has first priority over all assets of the company and was originally set to mature on July 24, 2025, but has now been extended to January 24, 2026 [2]. - The interest rate on the loan remains at 10% per annum, payable at the end of the term [2]. Related Party Transaction - The lender is considered a related party due to the involvement of Mihalis Belantis, a director and CEO of the company, who is the principal of the lender [3]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements, as the value of the loan extension does not exceed 25% of the company's market capitalization [3]. Shareholder Information - Mihalis Belantis owns approximately 20.6% of the issued and outstanding common shares on a partially diluted basis, which includes 20,903,000 common shares, 2,000,000 options, and 11,758,571 warrants [4]. Company Overview - AISIX Solutions Inc. specializes in wildfire risk assessment and analytics, aiming to provide organizations with predictive insights to protect their assets from wildfire-related risks [6].