Sichenzia Ross Ference Carmel LLP Represents AiAdvertising, Inc. in a $2.5 Million Private Placement
Press Release – New York, NY – February 6th, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented AiAdvertising, Inc. (OTC: AIAD), an AI-powered solutions provider employing the industry’s scientifically advanced, patent-pending AI targeting process, in a $2,500,000 private placement of Series I Preferred Stock.
AiAdvertising sold 892,857 shares of Series I Preferred Stock at a purchase price of $2.80 per share of Series I Preferred Stock. This was the second tranche of an offering pursuant to a securities purchase agreement entered into between AiAdvertising and Hexagon Partners, Ltd., a Texas based investment company.
The Sichenzia Ross Ference Carmel LLP team was led by partners Gregory Sichenzia, Marcelle Balcombe, and senior paralegal Raquel Vazquez.
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