The common stock last traded at $0.0178 (S-1 POS AM cover). The customer list includes one Fortune Top 10 enterprise (S-1 POS AM Business). There are approximately 43 holders of record, excluding street-name accounts (S-1 POS AM Market).

The filer is Artificial Intelligence Technology Solutions, Inc. of Ferndale, Michigan, which builds AI-driven security robots and the SARA agentic AI platform, sold mostly as recurring monthly subscriptions, with roughly one thousand devices deployed in the United States and Canada (S-1 POS AM Business). On June 9, 2026, the company filed a post-effective amendment to its Form S-1 (Registration No. 333-288173) registering 43,213,508 shares of common stock, quoted on the OTC Pink under AITX, for resale by AIV Investments, LLC under a $30,000,000 equity purchase agreement (S-1 POS AM cover).

The origin story

The company was incorporated in Florida on March 25, 2010 as On the Move Systems Corp., reincorporated in Nevada on February 17, 2015, and took its current name on August 24, 2018 (S-1 POS AM Business). In 2017 it acquired Robotic Assistance Devices, Inc., a Nevada company founded by Steven Reinharz, in a reverse recapitalization; the prior transportation services business was disposed of (S-1 POS AM Business). RAD-I, the primary operating subsidiary, was formed and made its first sale in 2016 (S-1 POS AM Risk Factors). Today the company operates through five wholly owned subsidiaries, including a Sri Lanka unit holding Port City Colombo special economic zone status, has approximately 135 team members, and performs final assembly in Ferndale (S-1 POS AM Business). The registration statement being amended was first filed on June 18, 2025 and declared effective June 25, 2025 (S-1, June 2025).

The people running it

Steven Reinharz founded RAD, serves as Chief Executive Officer and Chief Technology Officer, and was appointed CEO on March 2, 2021 (S-1 POS AM Business). He holds all 3,350,000 shares of Series E Preferred Stock, a class that carries 66-2/3% of the voting power of all outstanding capital stock whenever shareholders vote (S-1 POS AM Risk Factors). The board has no audit, compensation, or nominating committee; the filing states shareholders must rely on its only director, who is not independent (S-1 POS AM Risk Factors). Reinharz sits on the Board of the Security Industry Association and chairs its Autonomous Working Group (S-1 POS AM Business). His fiscal 2026 compensation included $1,500,000 in equity awards payable in Series G preferred, deferred for a year, plus a $100,000 base salary increase (S-1 POS AM MD&A). Anthony Brenz is Chief Financial Officer and Mark Folmer is CEO of RAD-I; the company has employment agreements with Reinharz and Brenz but not with its other officers, and it discloses that it has not developed a succession plan (S-1 POS AM Risk Factors).

By the numbers

The fiscal year ends February 28. Fiscal 2026 revenue was $7,745,336, up 26% from $6,130,886, with device rental revenue up 37% to $6,920,336 while direct sales fell 24% to $825,000 (S-1 POS AM MD&A). Gross profit was $5,533,700, a 71% gross margin versus 61% a year earlier (S-1 POS AM MD&A). Operating expenses of $17,477,097 were more than twice revenue, producing an operating loss of $11,943,397 and a net loss of $14,510,251, against a net loss of $18,935,592 the prior year (S-1 POS AM MD&A). Revenue grew 26% over the year while working capital moved from negative $2,548,138 to negative $17,017,745, as current liabilities rose 163% to $19,952,748 against current assets of $2,935,003 (S-1 POS AM MD&A). Cash was $109,043 at February 28, 2026; operating activities used $9,344,534 during the year, roughly four days of that year's average operating outflow (S-1 POS AM MD&A). The accumulated deficit stands at $171,121,742 (S-1 POS AM MD&A).

What could break

The auditor has expressed substantial doubt about the company's ability to continue as a going concern, and the MD&A states: "Without additional capital, the Company will not be able to remain in business" (S-1 POS AM MD&A). Management's disclosed funding plans include a second equity line: in May 2026 the company entered a second equity financing agreement under which an investor will purchase up to $10,000,000 of common stock at a discount over two years, with approximately $10 million left to issue (S-1 POS AM MD&A).

Beyond the Series E voting block, Reinharz owns 2,450 shares of Series F Preferred Stock, convertible at his option into a multiple of the then-outstanding shares of common stock, a conversion the filing says would substantially dilute common holders (S-1 POS AM Risk Factors).

The stock is also subject to the SEC's penny stock rules and FINRA suitability requirements, which the filing says may deter broker-dealers from handling the shares (S-1 POS AM Risk Factors).

The offering

The 43,213,508 shares registered for resale are exactly the original 100,000,000 registered in June 2025 minus the 56,786,492 shares issued to AIV between August 11, 2025 and June 5, 2026 (S-1 POS AM Explanatory Note and Summary). The company receives no proceeds from the resale; it may receive proceeds only from future puts to AIV, priced at 80% of market (85% if the average close is at least one cent), capped at $1,500,000 per put, and subject to AIV's 4.99% ownership blocker (S-1 POS AM cover and Summary). The cover states AIV is an underwriter within the meaning of the Securities Act and bears its own selling commissions; Mark Grober exercises dispositive power over the shares (S-1 POS AM Selling Stockholder). After an uplist to Nasdaq or an equivalent exchange, put pricing would become 90% of the lowest VWAP subject to a $2.00 floor, roughly 112 times the $0.0178 June 8 price (S-1 POS AM Summary). The June 9 amendment states 1,239,907 Deferred Shares owed to AIV were issued from the registered pool (S-1 POS AM Explanatory Note). The restated amendment filed June 15 states instead that those Resolution Shares were extinguished, never registered, in exchange for $125,000 paid across four wire transfers between September 2025 and April 2026 (POS AM No. 1, June 15).

What to watch

  • The AIV Purchase Agreement expires June 11, 2027, terminates earlier if the full $30,000,000 is drawn, and either party may terminate on thirty days' notice (S-1 POS AM Summary).
  • The second equity line entered in May 2026 runs over a two-year period, with approximately $10 million disclosed as remaining to issue (S-1 POS AM MD&A).
  • The company anticipates establishing a RAD Europe subsidiary during fiscal 2027, the year ending February 28, 2027 (S-1 POS AM Business).
  • Additional stationary products are expected to be introduced during fiscal 2027 (S-1 POS AM Business).

Sources

Not financial advice.