10:16 AM EDT, 10/17/2025 (MT Newswires) -- infinitii ai (IAI.CN) Friday rose 12% after it closed its private placement offering raising $610,000.

The company issued convertible debentures which carry an interest rate of 10% per year, compounded semi-annually, mature 36 months from the date of issue and are convertible along with any accrued interest into units at $0.05 apiece at any time before the maturity date. The units consist of one common share and one three-year warrant allowing the holder to buy a share for $0.10.

infinitii ai also issued 1-million deferred share units to the members of its board. The financing was led by ThreeD Capital alongside other long-time shareholders, the company's CEO, and a new investor.

"We are pleased to announce this financing, which will be directed at increasing sales of our latest innovative machine learning solutions, including the recently unveiled mobile and dashboarding products at WEFTEC 2025 in Chicago," said infinitii ai Chief Executive Jean Charles Phaneuf.

Shares of the company were last seen up $0.005 at $0.045 on the Canadian Securities Exchange.