08:31 AM EDT, 06/10/2026 (MT Newswires) -- Dot Ai (DAIC) said Wednesday that it has signed a non-binding letter of intent with an unidentified investor for a convertible preferred stock investment of up to $5 million.

The company said the agreement also includes a separate non-binding letter of intent to sell a portion of its operating business for $6 million in cash and the assumption of up to $3 million in existing liabilities.

Dot Ai said the investor could also provide additional funding to support strategic initiatives.

Shares of the company were down 3% in recent Wednesday premarket activity.