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Redwood AI settled $403,572 in debt with 236,003 shares, including $137,454 to related parties, on Feb. 20, 2026.
Redwood AI Corp. closed debt settlements on February 20, 2026, issuing 236,003 common shares at $1.71 per share to settle $403,571.96 in debt.
The shares, subject to a four-month and one-day hold ending June 28, 2026, included 77,414 to Thorlund Holdings Inc. and 2,968 to Kristian Thorlund personally, totaling $137,453.95 in related-party settlements.
The company used exemptions under Canadian securities rules, as the transaction value was below 25% of its market cap.
A material change report was not filed 21 days prior due to last-minute negotiations.
Redwood AI, based in Vancouver, develops AI software for chemical and pharmaceutical development and operates on the Canadian Securities Exchange.
Forward-looking statements in the release are subject to risks and uncertainties.
Redwood AI liquidó $403,572 en deuda con 236,003 acciones, incluidas $137,454 a partes relacionadas, el 20 de febrero de 2026.