Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - AISIX Solutions Inc. (TSXV: AISX) (FSE: QT7) ("AISIX" or "the Company"), a wildfire risk assessment and analytics solutions provider, announces it has been selected as the wildfire catastrophe modeling vendor for a 3-year engagement by a major Canadian insurance company following a competitive evaluation process.After careful review of multiple proposals during an invite-only Request for Proposal (RFP) process, the insurer selected AISIX b ...

Core Insights - AISIX Solutions Inc. participated in CatIQ Connect 2026, highlighting the increasing demand for advanced wildfire risk data in Canada [1][3][4] Company Updates - AISIX's CEO, Dr. Gio Roberti, presented the only session focused on wildfire modeling at the conference, emphasizing the need for robust wildfire modeling products to assess spatially correlated losses and individual fires [4] - The company is advancing commercial discussions initiated at the conference and aims to expand the adoption of its Wildfire 3.0 and Climate Genius dashboard [5] Industry Context - CatIQ Connect 2026 gathered experts from insurance, government, and academia to discuss disaster management complexities, indicating a collaborative effort to address catastrophe risk [2] - Recent data from CatIQ revealed a record number of fire-related catastrophe declarations, including in regions with no prior fire catastrophes, underscoring the necessity for forward-looking wildfire modeling solutions [4]

Core Viewpoint - AISIX Solutions Inc. has successfully closed the first tranche of its non-brokered private placement, raising approximately $1.3 million to support its growth initiatives and enhance its wildfire risk assessment and analytics solutions [1][2]. Group 1: Offering Details - The first tranche involved the issuance of 37,041,942 units at a price of $0.035 per unit, resulting in total proceeds of $1,296,468 [1]. - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire an additional common share at an exercise price of C$0.065 for two years [3]. - A finders' fee of $42,323.75 in cash and 1,209,250 non-transferrable finder warrants was paid in connection with the offering [4]. Group 2: Use of Proceeds - The gross proceeds from the offering will be allocated for working capital, sales and marketing infrastructure, potential acquisitions, product enhancement, and general corporate purposes [2]. Group 3: Management and Ownership - CEO Mihalis Belantis subscribed for 5,758,571 units, which is considered a related party transaction under Canadian regulations [5]. - Following the offering, Mr. Belantis' ownership increased to approximately 20.6% of the issued and outstanding common shares on a partially diluted basis [6]. Group 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 [7].