Business
Redwood AI Corp. Announces Engagement for IR Services
VANCOUVER, BC / ACCESS Newswire / February 20, 2026 / Redwood AI Corp. (CSE:AIRX)(Frankfurt:Y0N)(WKN: A422EZ) (the "Company") announces that it has engaged MCS Market Communication Service GmbH (business address: Saarlandstraße 28 58511 Lüdenscheid, ...
About this update from Redwood Ai Corp.
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / February 20, 2026 / Redwood AI Corp. (CSE:AIRX)(Frankfurt:Y0N)(WKN: A422EZ) (the "Company") announces that it has engaged MCS Market Communication Service GmbH (business address: Saarlandstraße 28 58511 Lüdenscheid, Germany, email: [email protected]; telephone: +491772481220; and website: www.mcsmarket.de) ("MCS") for the provision of a range of online marketing services, including campaign creation, production of marketing materials, as well as research and analytics (the "Services"). The Services are expected to run until April 20, 2026, or budget exhaustion. The Company has paid MCS CAD 1,000,000 as consideration for its services. No securities have been provided to MCS or its principals as compensation for the Services. The Services will be executed via digital channels, including Google Ads and native advertising.","length":894,"tagName":"p"},{"type":"text","content":"The Company also announces that it has entered into debt settlement agreements dated February 20, 2026, with a director of the Company and certain creditors (collectively, the "Creditors") (the "Settlement Agreements"). Pursuant to the Settlement Agreements, the Company has agreed to issue an aggregate of 236,003 common shares of the Company (each, a "Share" and collectively, the "Shares") at a deemed price of $1.71 per Share in full settlement of an aggregate amount of $403,571.96 of outstanding indebtedness (the "Settlement").","length":584,"tagName":"p"},{"type":"text","content":"The Settlement is subject to approval of the Canadian Securities Exchange. Closing of the Settlement is expected to occur on or about February 27, 2026.","length":152,"tagName":"p"},{"type":"text","content":"The securities to be issued to Thorlund Holdings, an entity controlled by Kristian Thorlund, and to Kristian Thorlund constitute a Related Party Transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holdings in Special Transactions ("MI 61-101"). The Company relied on exemptions from the formal valuation and minority approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the Shares, nor the consideration paid for the Shares, exceeded 25% of...