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Redwood AI issued shares to settle $403K in debts, pending exchange approval.
Redwood AI Corp. has hired German firm MCS Market Communication Service GmbH for CAD 1 million to provide online marketing services, including campaign creation and research analytics, through April 20, 2026, or until funds are exhausted.
On February 20, 2026, the company settled $403,571.96 in debts by issuing 236,003 common shares at $1.71 per share, pending Canadian Securities Exchange approval and expected to close around February 27.
The transaction, exempt from full disclosure due to its size relative to market capitalization, includes a four-month hold period, and a material change report was not filed in advance due to last-minute details.
Redwood AI emitió acciones para liquidar $403K en deudas, en espera de la aprobación del intercambio.