The initial funding tranche, priced at $0.05 per share, includes 30-month warrants exercisable at $0.25 and a put feature set at $0.50. CEO Dr. Earl Azimov noted that the capital provides the necessary flexibility to accelerate the company’s current initiatives, which span clean energy, applied AI, and resilience technologies. The firm intends to use these resources to bolster its operating platform and pursue emerging strategic opportunities.
Alongside the financing, the company confirmed a shift in leadership. Gerald Enloe has resigned from the Board of Directors, making way for the appointment of Greg Godbout. Godbout, who has been instrumental in developing the company’s AI sales pipeline and the "AI for Humanity" initiative, will now hold a formal seat on the board. Azimov credited Godbout’s success in securing public-sector contracts as a primary driver for the board transition, signaling a commitment to deepening the company’s footprint in government and commercial markets.
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