Railtown AI Technologies Executes Amalgamation Agreement with AI Partnerships Corp. and Announces MOU with DIGITAL

Core Insights - Railtown AI Technologies has entered into an amalgamation agreement with AI Partnerships Corp, acquiring all outstanding shares of AIP in exchange for common shares of Railtown, marking a significant step towards creating a unique AI affiliate marketplace [1][11] - The partnership with DIGITAL aims to enhance collaboration and commercialization of Canadian AI solutions, addressing key barriers such as access to compute and customers for innovators [2][3][8] Transaction Details - Railtown will issue up to 50 million common shares to AIP shareholders at an exchange ratio of approximately 2.52 Railtown shares for each AIP share [11] - 40 million shares will be issued at a deemed price of $0.50 per share, representing 17.8% of the fully diluted post-transaction shares outstanding, with staged release over 18 to 36 months [5][11] - Additional 10 million performance shares will be issued into escrow, contingent on achieving recurring revenue milestones [5][11] Partnership with DIGITAL - The collaboration with DIGITAL will facilitate bi-directional referrals between DIGITAL members and AIP affiliates, enhancing collaboration and joint initiatives [6][7] - DIGITAL aims to accelerate the development and commercialization of Canadian digital technologies, contributing to a robust innovation ecosystem [7][17] Vision for AI Marketplace - Railtown's acquisition of AIP and the partnership with DIGITAL is aimed at establishing a "First of Its Kind" AI affiliate marketplace, connecting AIP affiliates to Railtown's resources and support [8][9] - The initiative is expected to drive scalable growth for Canadian AI companies by leveraging existing networks and infrastructure [9][10]