Generative AI Solutions Corp. (CNSX:AICO) entered into a non-binding letter of intent to acquire Global AI Billing Corp for $5.2 million on April 24, 2023. Generative AI Solutions Corp. (CNSX:AICO) entered into an agreement to acquire Global AI Billing Corp on May 2, 2023. The transaction proceeds include issuance of 7.5 million of common shares and the assumption of liabilities worth $1.25 million of which $500,000 is expected to be reorganized as a convertible debenture of GenAI.

Generative AI Solutions Corp. (CNSX:AICO) completed the acquisition of Global AI Billing Corp. on May 2, 2023. As on May 10, 2023, GenAI acquired all of the securities of Global AI Billing in exchange for the issuance of an aggregate of 7.5 million shares and the assumption of $1.25 million in existing liabilities of Global AI Billing, of which $0.5 million was reorganized as a convertible debenture of GenAI. No finder's fee or other commission was paid to any person in respect of the Transaction.