AITX Board Scraps Planned Authorized Share Increase
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Artificial Intelligence Technology Solutions (AITX) has decided not to proceed with a planned increase of authorized shares by 3.8 billion after a reverse stock split. The total authorized shares remain at 27.52 billion, which limits immediate dilution for shareholders. The latest analyst rating for AITX stock is a Sell with a $0.01 price target, while TipRanks’ AI Analyst rates it as Neutral due to financial challenges despite recent revenue growth. AITX's current market cap is $10.71 million.
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