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VerticalScope Announces Strategic Investment in AltaML

VerticalScope Announces Strategic Investment in AltaML

</p> <p>VerticalScope Holdings Inc. (“VerticalScope” or the “Company”) (TSX: FORA; OTCQX: VFORF), a technology company that has built and operates a cloud-based digital platform for online enthusiast communities, today announced an approximately $6.1 million investment in AltaML Inc. (“AltaML”), a Canadian applied artificial intelligence company. The investment takes the form of an 18-month, interest-bearing, secured promissory note issued by AltaML to the Company. AltaML also issued a five-year warrant exercisable by VerticalScope for preferred shares in AltaML, providing the Company with equity participation in AltaML as additional consideration.</p> <p>The investment builds on VerticalScope’s existing relationship with AltaML, which…</p> </div> <p><a href="https://www.theglobeandmail.com/investing/markets/markets-news/Business%20Wire/3213841/verticalscope-announces-strategic-investment-in-altaml/">Source link </a></p> </div> <div class="elementor-element elementor-element-22c244e4 elementor-widget-divider--view-line elementor-widget elementor-widget-divider" data-id="22c244e4" data-element_type="widget" data-e-type="widget" data-settings="{"ekit_we_effect_on":"none"}" data-widget_type="divider.default"> <div class="elementor-divider"> <span class="elementor-divider-separator"> </span> </div> </div> <div class="elementor-element elementor-element-65ccaa6d e-flex e-con-boxed e-con e-child" data-id="65ccaa6d" data-element_type="container" 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