Dot Ai Announces Two Letters of Intent for Strategic Preferred Stock Investment and to Sell a Portion of its Operating Business

Dot Ai has entered into non-binding letters of intent for two major transactions: a $5 million convertible preferred stock investment and the sale of a portion of its operating business for $6 million in cash. The asset sale involves the buyer assuming up to $3 million in liabilities, while the preferred investment is intended to strengthen the balance sheet and support Nasdaq listing compliance. The company will retain certain operating units within the listed entity, and the buyer has agreed to fund a $500,000 secured convertible note as a down payment for exclusivity.

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