Artificial Intelligence Technology Solutions Inc (AITX)

[Milesblue42]

****CeoSteveReinharz signs off on more Death Spiral Financing****

As if AITX Investors haven't seen enough destruction of shareholder value. Ceo Steve Reinharz gave information via a Form S-1 to the Securities Exchange Commission Securities detailing yet even more Toxic Financing.

https://www.otcmarkets.com/filing/html?id=17427822&guid=O_Q-kF378EKfJth

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SUBJECT TO COMPLETION, DATED APRIL 3, 2024



2,500,000,000 Shares of Common Stock



This prospectus relates to the sale by the Selling Stockholder, GHS Investments, LLC (“GHS”), of Artificial Intelligence Technology Solutions, Inc. (the “Company”) of up to two billion five hundred million (2,500,000,000) shares of common stock, par value $0.00001 per share. We will not receive proceeds from the sale of the shares by the Selling Stockholder. However, we may receive aggregate gross proceeds of up to $5.3 million from the sale of our common stock registered herein to the Selling Stockholder, pursuant to the March 22, 2023 Equity Financing Agreement entered into with GHS (the “Purchase Agreement”).



Our common stock is quoted on the OTC Pink under the symbol “AITX.” On April 1, 2024, the last reported sales price of our common stock on the OTC Pink was $0.0025 per share.



The Purchase Agreement provides that the Company may discretionarily sell to GHS up to $30,000,000 of shares (“Purchase Shares”) of the Company’s common stock upon our issuance of Purchase Notices to GHS (See “Purchase Agreement with GHS Investments, LLC” on page 1 of this prospectus for a description of the GHS Purchase Agreement). The Selling Stockholder will sell its Purchase Shares at prevailing market prices or in privately negotiated transactions, other details of the sales which are contained in the section titled “Plan of Distribution” on page 13.

SIGNATURES



Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in Ferndale, Michigan on April 3, 2024.



Artificial Intelligence Technology Solutions, Inc.

By: /s/ Steven Reinharz
Steven Reinharz
Chief Executive Officer, Director (Principal Executive Officer)


Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates stated.



Signature Title Date

/s/ Steven Reinharz Chief Executive Officer/Director April 3, 2024
Steven Reinharz

/s/ Anthony Brenz Chief Financial Officer April 3, 2024
Anthony Brenz