Artificial Intelligence Technology Solutions, Inc. Files S-3 To Raise Up To $30 Million

Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today filed a Form S-3 with the Securities and Exchange Commission that provides details on the company’s intent to raise up to $30 million over the next 36 months. The company is setting aside 350 million shares for this raise, approximately 8.75% of the number of existing outstanding shares of common stock. Once the Form S-3 has been declared effective by the SEC, the company can raise new funds at what many consider to be the lowest cost to the company and therefore of the greatest benefit to existing shareholders.