Aquarius AI Inc. (CSE: AQUA) has marked a significant milestone by shifting its listing venue to the Canadian Securities Exchange as of July 15, 2021, while simultaneously closing a substantial acquisition that reshapes its business portfolio. The company’s shares are no longer trading on the TSX Venture Exchange following the transition.
The Podkast Entertainment Acquisition: Key Details
The centerpiece of this announcement involves Aquarius AI’s acquisition of approximately 83% of Podkast Entertainment Corp.'s issued and outstanding common shares. To complete this transaction, Aquarius AI issued 28,558,250 of its own common shares to Podkast shareholders, with these shares representing roughly 36% of Aquarius AI’s fully diluted share count post-closing.
All equity instruments issued as consideration for the acquisition have been placed into escrow arrangements. These restrictions will be lifted only after the company files a Business Acquisition Report (BAR), which the company has committed to submitting voluntarily.
Understanding Podkast Entertainment’s Business Model
Podkast brings to Aquarius AI a portfolio of exclusive entertainment contracts spanning multiple high-profile personalities across diverse sectors. The company produces podcast content and NFT-based digital assets featuring celebrities from the sports, media, entertainment, music, and lifestyle industries.
Beyond individual celebrity partnerships, Podkast maintains a well-developed pipeline of emerging talent, positioning itself for sustained content production and revenue generation. The organization also holds broadcast contracts, including an arrangement to supply programming to Z95.3FM in Vancouver—a radio station operated by Stingray Media Group.
Looking Ahead
Executive Chairman Jesse Dylan’s announcement reflects confidence in the combined entity’s direction. The integration of Aquarius AI’s technological capabilities with Podkast’s entertainment relationships and content pipeline creates a hybrid platform positioned at the intersection of artificial intelligence and digital media.
Forward-Looking Considerations
Investors should note that statements regarding the BAR filing timeline and Podkast’s operational execution represent forward-looking projections. Actual business outcomes may diverge from current expectations based on regulatory timelines, competitive dynamics, and execution challenges. The company does not commit to updating these forward-looking statements beyond what regulatory requirements mandate.
The Canadian Securities Exchange has not undertaken any review or endorsement of this announcement.
Contact Information
Aquarius AI Inc.
Melissa Adams
Investors@AquariusAI.ca
(604) 265-7511
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Aquarius AI Completes Strategic Acquisition and Transitions Trading to Canadian Securities Exchange
A Major Move in the AI and Entertainment Space
Aquarius AI Inc. (CSE: AQUA) has marked a significant milestone by shifting its listing venue to the Canadian Securities Exchange as of July 15, 2021, while simultaneously closing a substantial acquisition that reshapes its business portfolio. The company’s shares are no longer trading on the TSX Venture Exchange following the transition.
The Podkast Entertainment Acquisition: Key Details
The centerpiece of this announcement involves Aquarius AI’s acquisition of approximately 83% of Podkast Entertainment Corp.'s issued and outstanding common shares. To complete this transaction, Aquarius AI issued 28,558,250 of its own common shares to Podkast shareholders, with these shares representing roughly 36% of Aquarius AI’s fully diluted share count post-closing.
All equity instruments issued as consideration for the acquisition have been placed into escrow arrangements. These restrictions will be lifted only after the company files a Business Acquisition Report (BAR), which the company has committed to submitting voluntarily.
Understanding Podkast Entertainment’s Business Model
Podkast brings to Aquarius AI a portfolio of exclusive entertainment contracts spanning multiple high-profile personalities across diverse sectors. The company produces podcast content and NFT-based digital assets featuring celebrities from the sports, media, entertainment, music, and lifestyle industries.
Beyond individual celebrity partnerships, Podkast maintains a well-developed pipeline of emerging talent, positioning itself for sustained content production and revenue generation. The organization also holds broadcast contracts, including an arrangement to supply programming to Z95.3FM in Vancouver—a radio station operated by Stingray Media Group.
Looking Ahead
Executive Chairman Jesse Dylan’s announcement reflects confidence in the combined entity’s direction. The integration of Aquarius AI’s technological capabilities with Podkast’s entertainment relationships and content pipeline creates a hybrid platform positioned at the intersection of artificial intelligence and digital media.
Forward-Looking Considerations
Investors should note that statements regarding the BAR filing timeline and Podkast’s operational execution represent forward-looking projections. Actual business outcomes may diverge from current expectations based on regulatory timelines, competitive dynamics, and execution challenges. The company does not commit to updating these forward-looking statements beyond what regulatory requirements mandate.
The Canadian Securities Exchange has not undertaken any review or endorsement of this announcement.
Contact Information Aquarius AI Inc. Melissa Adams Investors@AquariusAI.ca (604) 265-7511