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Railtown AI Technologies Announces Closing of the Amalgamation with AI Partnerships Corp.
Newsfile· 2025-11-27 20:39
Core Points - Railtown AI Technologies Inc. has successfully completed its amalgamation transaction with AI Partnerships Corp. on November 26, 2025 [1][2] - The amalgamation agreement was initially announced on October 8, 2025, and involved the acquisition of all outstanding shares of AIP in exchange for 49,476,251 common shares of Railtown, representing an exchange ratio of approximately 2.348 Railtown shares for each AIP share [3] Transaction Details - The transaction was supported by shareholders of AIP holding approximately 51.24% of the outstanding shares, who entered into voting support agreements [3] - Approximately 10 million of the Consideration Shares are placed in escrow, with specific conditions for release based on Railtown's annual recurring revenue from AIP Affiliates [5] - The first milestone for release is set at $1 million in annual recurring revenue, while the second milestone is $2 million, both to be achieved within 36 months from the effective date [5] Company Background - Railtown AI Technologies Inc. focuses on transforming the development and deployment of agentic software through intelligent AI frameworks [6] - AI Partnerships Corp. aims to create a global affiliate network of AI-as-a-Service companies, with over 180 SaaS-based AI affiliates across 13 countries [7]
Railtown AI Technologies Announces Intention to Complete the Amalgamation with AI Partnerships Corp.
Newsfile· 2025-11-07 04:41
Core Viewpoint - Railtown AI Technologies Inc. is set to complete its amalgamation with AI Partnerships Corp. on November 14, 2025, which is expected to enhance its position in the AI solutions market [1][2]. Transaction Details - The amalgamation will involve Railtown acquiring all outstanding shares of AIP in exchange for up to 50,000,000 common shares of Railtown, with an exchange ratio of approximately 2.52 Railtown shares for each AIP share [3]. - The transaction is supported by shareholders of AIP holding approximately 51.24% of its outstanding shares, who have entered into voting support agreements [4]. - Completion of the transaction is contingent upon approval from the Canadian Securities Exchange and required shareholder approval from AIP, along with other customary conditions [5]. Escrow and Share Release Conditions - Upon closing, 10,000,000 of the Consideration Shares will be placed in escrow, with specific conditions for release based on Railtown's annual recurring revenue from AIP Affiliates [6]. - The first milestone for release is set at $1 million in annual recurring revenue, while the second milestone is $2 million, both to be achieved within 36 months from the effective date [6]. - If milestones are not met, the corresponding escrow shares will be cancelled without consideration [6]. Company Background - Railtown AI Technologies Inc. focuses on transforming the development and deployment of agentic software through its AI frameworks and observability solutions [8]. - AI Partnerships Corp. aims to create a global affiliate network of AI-as-a-Service companies, with over 180 SaaS-based AI affiliates across 13 countries [9].
Railtown AI Technologies Executes Amalgamation Agreement with AI Partnerships Corp. and Announces MOU with DIGITAL
Newsfile· 2025-10-08 11:45
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]
Railtown AI Technologies Inc. and AI Partnerships Corp. Partner with Braiyt AI Inc. to Bring Canadian AI Innovation to Dubai and the Middle East
Newsfile· 2025-07-28 12:00
Core Insights - Railtown AI Technologies Inc. has formed a strategic partnership with AI Partnerships Corp. and Braiyt AI Inc. to deliver advanced AI technologies to Dubai and the broader Middle East region [2][3][8] - This partnership aims to expand the presence of Canadian AI innovation in a rapidly growing market for artificial intelligence [3][4] - Braiyt AI Inc. will serve as a regional consultant and service provider, facilitating access to Canadian AI solutions for businesses and government agencies in the Gulf [3][4] Company Overview - Railtown AI Technologies Inc. is recognized as a leader in developer productivity tools and agentic frameworks, focusing on enhancing software development workflows and innovation speed [12] - AI Partnerships Corp. aims to make AI more accessible and affordable for businesses globally, leveraging a network of over 150 AI solutions providers [6] - Braiyt AI Inc. specializes in next-generation AI solutions, with a mission to enhance operational efficiency and user experiences across various industries [9][10][11] Market Demand - The demand for specialized AI solutions in the Middle East is increasing, outpacing the capacity of local providers [4] - Organizations in the region are pursuing digital transformation, creating opportunities for Canadian AI technologies to meet this demand [4][5] Strategic Goals - The partnership is expected to create a powerful platform for innovation, driving value for businesses across diverse markets [5] - Future collaborations with other members of AI Partnerships Corp.'s global network are anticipated, enhancing the reach and impact of AI solutions [5]