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Wisr AI Completes Acquisition of RiskAssure, Further Accelerating Agentic AI Strategy for Automated Cyber Risk Intelligence
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Wisr AI Systems Inc. (CSE: WISR) ("Wisr AI" or the "Company"), a leading provider of agentic AI-powered cybersecurity and third-party risk intelligence solutions, is pleased to announce that the Company has successfully completed the acquisition of RiskAssure (the "Acquisition") from a series of arm's length vendors (collectively, the "Vendors") pursuant to the Company's previously announced definitive asset purchase agreement wit
About this update from Wisr Ai Systems Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Wisr AI Systems Inc. (CSE: WISR) ("Wisr AI" or the "Company"), a leading provider of agentic AI-powered cybersecurity and third-party risk intelligence solutions, is pleased to announce that the Company has successfully completed the acquisition of RiskAssure (the "Acquisition") from a series of arm's length vendors (collectively, the "Vendors") pursuant to the Company's previously announced definitive asset purchase agreement with the Vendors dated August 5, 2025 (the "Definitive Agreement").","length":622,"tagName":"p"},{"type":"text","content":"RiskAssure uses AI to analyze vendor security documentation and instantly generate accurate, context-rich responses to security questionnaires-cutting turnaround time from days to minutes and significantly reducing the manual workload for security teams. The platform's continuously learning knowledge base improves with every use, and its flexible, API-first architecture allows seamless integration into existing GRC, TPRM, and sales workflows to accelerate deal velocity and enhance third-party risk management.","length":518,"tagName":"p"},{"type":"text","content":"Pursuant to the Definitive Agreement, Wisr AI acquired the assets comprising the RiskAssure platform, including any and all related intellectual property, from the Vendors in exchange for an aggregate of 6,250,000 common shares of the Company at a deemed price of $0.25 per share. The $1,562,500 purchase price reflects the results of arm's length negotiation between the parties, which was in turn supported by customary valuation techniques and benchmarking against prevailing technology sector multiples.","length":511,"tagName":"p"},{"type":"text","content":"The common shares of the Company issued upon the closing of the Acquisition are subject to a statutory hold period of four months and one day in accordance with applicable Canadian securities laws, as well as the policies of the Canadian Securities Exchange (the "CSE"). No finder's fees were payable by either Wisr AI or the Vendors in connection with the Acquisition.","length":383,"tagName":"p"},{"type":"text","content":"The completion of the Acquisition marks a pivotal step in Wisr AI's mission to deliver fully autonomous thir...