Artificial Intelligence Technology Solutions Inc. 8-K

What Happened
Artificial Intelligence Technology Solutions Inc. (AITX) announced that its Board unanimously voted on March 12, 2026 not to proceed with a previously filed Authorized Share Increase after a 100-for-1 reverse stock split was processed by FINRA that same day. A Definitive Information Statement proposing the increase was filed with the SEC on March 2, 2026.

Key Details

• On March 2, 2026 AITX filed a Definitive Information Statement proposing an Authorized Share Increase of 3,800,000,000 shares (from 27,500,000,000 to 31,300,000,000 common shares), which would have produced a total authorized capitalization of 31,320,000,000 shares (including 20,000,000 preferred).
• FINRA processed a 100-for-1 Reverse Stock Split on March 12, 2026.
• Following the reverse split, the Board unanimously decided on March 12, 2026 not to proceed with the Authorized Share Increase.
• The company’s authorized capitalization remains 27,520,000,000 shares (27,500,000,000 common shares and 20,000,000 preferred shares).

Why It Matters
Authorized shares set the maximum number of shares a company may issue. By not increasing authorized shares, AITX prevents an immediate expansion of the pool of shares available for future issuance (which could limit potential dilution). The reverse split changes the per-share basis for outstanding shares and may affect liquidity, trading, and per‑share metrics—investors should check subsequent filings for updated outstanding share counts and any further corporate actions. This 8‑K reports a corporate-structure decision, not earnings or executive changes.