VerticalScope Announces Strategic Investment in AltaML
· Financial Post
TORONTO -- 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. Read More
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